WELCH COLLEGE (EIN 620481463) - 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

1945

Legal Domicile

Principal Officer

J MATTHEW PINSON

Phone

6156755255

Tax Period

2023-06-01 to 2024-05-31

WELCH COLLEGE, founded in 1945, is a mid-sized nonprofit in the Education sector that reported $10.6M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $9.9M left a modest 6% surplus.

Mission

WELCH COLLEGE IS A CHRISTIAN HIGHER EDUCATION INSTITUTION THAT EDUCATES LEADERS TO SERVE CHRIST, HIS CHURCH, AND HIS WORLD THROUGH BIBLICAL THOUGHT AND LIFE

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,702,460

Program Service Revenue $5,454,919

Investment Income $382,619

Other Revenue $53,288

TOTAL REVENUE $10,593,286

Expense Breakdown

Grants Paid $2,078,623

Salaries & Benefits $3,453,812

Fundraising Expenses $413,318

Program Expenses $8,127,733

Other Expenses $4,407,693

TOTAL EXPENSES $9,940,128

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,593,286	$7,976,509	+0.3%
Expenses	$9,940,128	$10,398,858	0.0%
Net Income	$653,158	$-2,422,349	-1.3%

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

210

Volunteers

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

$588,845

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV WILL BEAUCHAMP	BOARD OF TRUSTEES MEMBER	1.00	Director	$0	$0	$0
DR JEFF CRABTREE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
REV SHILOH HACKETT	BOARD OF TRUSTEES MEMBER	1.00	Director	$0	$0	$0
REV WAYNE MIRACLE	SECRETARY	1.00	Officer Director	$0	$0	$0
REV BRAD RYAN	BOARD OF TRUSTEES MEMBER	1.00	Director	$0	$0	$0
REV TIM CAMPBELL	BOARD OF TRUSTEES MEMBER	1.00	Director	$0	$0	$0
REV THERON SCOTT	BOARD OF TRUSTEES MEMBER	1.00	Director	$0	$0	$0
CHRIS TRUETT	BOARD OF TRUSTEES MEMBER	1.00	Director	$0	$0	$0
RUSTY CAMPBELL	BOARD OF TRUSTEES MEMBER	1.00	Officer Director	$0	$0	$0
CRAIG MAHLER	VP-FINANCIAL AFFAIRS	40.00	Officer	$27,740	$39,065	$66,805
J MATTHEW PINSON	PRESIDENT	40.00	Officer	$78,146	$29,893	$108,039
GREG KETTEMAN	VP STRATEGIC INITIATIVES	40.00	Officer	$59,139	$765	$59,904
JON FORLINES	VP STUDENT SERVICES/ DEAN	40.00	Officer	$45,279	$11,004	$56,283
DAVID WILLIFORD	VP-INSTITUTIONAL ADVANCEME	40.00	Officer	$0	$0	$0
MATTHEW BRACEY	VICE PROVOST	40.00	Officer	$28,360	$37,591	$65,951
KEVIN HESTER	VP INSTITUTIONAL EFFECTIVE	40.00	Officer	$66,474	$21,368	$87,842
MATTHEW MCAFFEE	PROVOST	40.00	Officer	$12,261	$67,214	$79,475
TODD PARISH	VP FOR INSTITUTIONAL ADVAN	40.00	Officer	$15,705	$48,841	$64,546

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
2024	$10,593,286	$9,940,128	$40,318,191	$653,158
2023	$7,976,509	$10,398,858	$39,288,183	$-2,422,349
2022	$11,542,139	$10,173,970	$41,634,056	$1,368,169
2021	$10,496,744	$9,422,990	$40,121,490	$1,073,754
2020	$9,056,133	$9,861,960	$39,743,438	$-805,827
2019	$10,121,935	$10,125,199	$39,628,221	$-3,264
2018	$10,586,174	$9,329,921	$40,560,195	$1,256,253

WELCH COLLEGE