BAPTIST SEMINARY OF KENTUCKY (EIN 611312812) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

DAVID CASSADY

Phone

5028638300

Tax Period

2022-08-01 to 2023-07-31

BAPTIST SEMINARY OF KENTUCKY, founded in 1996, is a small nonprofit in the Education sector that reported $829K in total revenue in fiscal year 2022. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 58% operating deficit.

Mission

THE BAPTIST SEMINARY OF KENTUCKY PROVIDES CHRISTIAN THEOLOGICAL EDUCATION COMMITTED TO SPIRITUAL DEPTH, INTELLECTUAL HONESTY AND MORAL INTEGRITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $604,386

Program Service Revenue $96,645

Investment Income $123,158

Other Revenue $4,825

TOTAL REVENUE $829,014

Expense Breakdown

Grants Paid $48,950

Salaries & Benefits $960,944

Fundraising Expenses $118,767

Program Expenses $955,215

Other Expenses $296,248

TOTAL EXPENSES $1,306,142

Year-over-Year Comparison

	2022	2021	Change
Revenue	$829,014	$1,983,288	-0.6%
Expenses	$1,306,142	$1,207,264	+0.1%
Net Income	$-477,128	$776,024	-1.6%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$71,308

Total Directors

$71,308

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAN FOWLER	TRUSTEE	2.00	Officer Director	$0	$0	$0
ANN MCMAHAN	TRUSTEE	2.00	Officer Director	$0	$0	$0
MICAH SPICER	SECRETARY	2.00	Officer Director	$0	$0	$0
MELODY CHANEY	TRUSTEE	1.00	Director	$0	$0	$0
DON COLLIVER	TREASURER	1.00	Director	$0	$0	$0
LARRY GRAY	TRUSTEE	1.00	Director	$0	$0	$0
KEN HALL	CHAIR	1.00	Director	$0	$0	$0
ALPHONSO CORNISH	TRUSTEE	1.00	Director	$0	$0	$0
DWIGHT LOVAN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID CASSADY	PRESIDENT	40.00	Officer Director	$71,308	$0	$71,308
MARGARET JOLLY	TRUSTEE	1.00	Director	$0	$0	$0
OMER MIDDLETON	TRUSTEE	1.00	Director	$0	$0	$0
JONATHON MOREHEAD	TRUSTEE	1.00	Director	$0	$0	$0
RONALD OLIVER	VICE-CHAIR	1.00	Director	$0	$0	$0
CAROL HARSTON	TRUSTEE	1.00	Director	$0	$0	$0
ROSS JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
DARTANYA HILL	TRUSTEE	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$829,014	$1,306,142	$3,176,815	$-477,128
2022	$1,983,288	$1,207,264	$3,605,933	$776,024
2021	$1,246,867	$1,154,613	$3,295,581	$92,254
2020	$1,265,011	$1,047,627	$2,928,643	$217,384
2019	$905,552	$956,295	$2,533,842	$-50,743
2018	$1,088,143	$938,918	$2,486,994	$149,225

BAPTIST SEMINARY OF KENTUCKY