WELCH COLLEGE

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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

2024-06-01 to 2025-05-31

WELCH COLLEGE, founded in 1945, is a mid-sized nonprofit in the Education sector that reported $11.3M in total revenue in fiscal year 2024. Expenses of $10.3M left a modest 8% 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

Program Service Accomplishments

Program 1

Expenses: $9,108,991 Revenue: $5,535,171

WELCH COLLEGE IS A CHRISTIAN HIGHER EDUCATION INSTITUTION THAT EDUCATES LEADERS TO SERVE CHRIST, HIS CHURCH, AND HIS WORLD THROUGH BIBLICAL THOUGHT AND LIFE. WE PROVIDE OUR STUDENTS A UNIQUE...

WELCH COLLEGE IS A CHRISTIAN HIGHER EDUCATION INSTITUTION THAT EDUCATES LEADERS TO SERVE CHRIST, HIS CHURCH, AND HIS WORLD THROUGH BIBLICAL THOUGHT AND LIFE. WE PROVIDE OUR STUDENTS A UNIQUE OPPORTUNITY TO PREPARE FOR LEADERSHIP IN THE PLACE OF SERVICE TO WHICH GOD IS CALLING THEM. WE DO THIS BY TEACHING STUDENTS TO CONFRONT THE INESCAPABLE QUESTIONS OF LIFE FROM THE VANTAGE POINT OF A CHRISTIAN WORLDVIEW, REALISING THE IMPLICATIONS OF CHRISTIAN FAITH FOR THE WORLD AROUND THEM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,529,153

Program Service Revenue $5,502,478

Investment Income $224,389

Other Revenue $17,697

TOTAL REVENUE $11,273,717

Expense Breakdown

Grants Paid $2,213,780

Salaries & Benefits $3,498,738

Fundraising Expenses $417,193

Program Expenses $9,108,991

Other Expenses $4,614,097

TOTAL EXPENSES $10,326,615

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,273,717	$10,593,286	+0.1%
Expenses	$10,326,615	$9,940,128	+0.0%
Net Income	$947,102	$653,158	+0.5%

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

193

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

$554,417

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV TIM CAMPBELL	BOARD OF TRUSTEES MEMBER	1.00	Director	$0	$0	$0
REV WAYNE MIRACLE	SECRETARY	1.00	Officer Director	$0	$0	$0
DR JEFF CRABTREE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RUSTY CAMPBELL	BOARD OF TRUSTEES MEMBER	1.00	Officer Director	$0	$0	$0
REV JOSUE SUAREZ	BOARD OF TRUSTEES MEMBER	1.00	Director	$0	$0	$0
REV BRAD RYAN	BOARD OF TRUSTEES MEMBER	1.00	Director	$0	$0	$0
REV SHILOH HACKETT	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
MATTHEW MCAFFEE	PROVOST	40.00	Officer	$11,578	$63,025	$74,603
TODD PARRISH	VP FOR INSTITUTIONAL ADVAN	40.00	Officer	$8,069	$53,398	$61,467
CRAIG MAHLER	VP-FINANCIAL AFFAIRS	40.00	Officer	$24,589	$39,047	$63,636
MATTHEW BRACEY	VICE PROVOST	40.00	Officer	$37,270	$23,368	$60,638
JON FORLINES	VP STUDENT SERVICES/ DEAN	40.00	Officer	$44,952	$10,070	$55,022
GREG KETTEMAN	VP STRATEGIC INITIATIVES	40.00	Officer	$54,319	$0	$54,319
KEVIN HESTER	VP INSTITUTIONAL EFFECTIVE	40.00	Officer	$64,479	$18,109	$82,588
J MATTHEW PINSON	PRESIDENT	40.00	Officer	$81,013	$21,131	$102,144

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
2025	$11,273,717	$10,326,615	$41,712,350	$947,102
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