AMERICAN BAPTIST THEOLOGICAL SEMINARY dba AMERICAN BAPTIST COLLEGE

EIN: 620485724 501(c)(3) Education

NASHVILLE, TN

Total Revenue
$8,778,760
Total Expenses
$7,578,244
Total Assets
$12,677,358
Net Assets
$7,279,875
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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
1924
Legal Domicile
TN
Phone
6152561463
Tax Period
2024-07-01 to 2025-06-30

AMERICAN BAPTIST THEOLOGICAL SEMINARY dba AMERICAN BAPTIST COLLEGE, founded in 1924, is a community nonprofit in the Education sector that reported $8.8M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $7.6M left a modest 14% surplus.

Mission

The mission of American Baptist College, a Historically Black College with a liberal arts emphasis, is to educate, graduate, and prepare diverse students for Christian leadership, service, and social justice in the world.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,677,637
Program Service Revenue $589,387
Investment Income $3,490,659
Other Revenue $21,077
TOTAL REVENUE $8,778,760

Expense Breakdown

Grants Paid $357,775
Salaries & Benefits $2,624,203
Fundraising Expenses $0
Program Expenses $2,719,537
Other Expenses $4,596,266
TOTAL EXPENSES $7,578,244

Year-over-Year Comparison

2024 2023 Change
Revenue $8,778,760 $6,153,700 +0.4%
Expenses $7,578,244 $5,994,305 +0.3%
Net Income $1,200,516 $159,395 +6.5%
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

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Governance

Voting Members
20
Independent Members
20
Employees
57
Volunteers
20

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
4
$454,285
Total Directors
21
$111,760
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FORREST E HARRIS SR DMIN President 40.00
Officer
$162,560 $0 $162,560
PHYLLIS DK HILDRETH JD VP STRAT & ACAD 40.00
Officer
$114,046 $0 $114,046
RICHARD JACKSON JD EVP LEGAL 40.00
Director
$111,760 $0 $111,760
MRS DONNETTA BUTLER Director 40.00
Officer
$91,667 $0 $91,667
FEBBIE DICKSON VP ACAD. AFF 40.00
Officer
$86,012 $0 $86,012
BISHOP LAWRENCE KIRBY Trustee 2.00
Director
$0 $0 $0
MONCHIERE JONES-HOLMES Trustee 2.00
Director
$0 $0 $0
REV TELLIS J CHAPMAN Trustee 2.00
Director
$0 $0 $0
ATTY JAMES A CRUMLIN JR Vice Chair 2.00
Director
$0 $0 $0
TRAJEAN JADORETTE Trustee 2.00
Director
$0 $0 $0
DR DARRELL DRUMWRIGHT Trustee 2.00
Director
$0 $0 $0
MR DENNIE MARSHALL Board Chair 2.00
Director
$0 $0 $0
JOHN CRITTLE Trustee 2.00
Director
$0 $0 $0
MRS LAMEL BANDY NEAL Trustee 2.00
Director
$0 $0 $0
EDWARD BRANCH Trustee 2.00
Director
$0 $0 $0
DOROTHY BERRY Trustee 2.00
Director
$0 $0 $0
GAIL CARR-WILLIAMS Trustee 2.00
Director
$0 $0 $0
CHRISTOPHER DAVIS Trustee 2.00
Director
$0 $0 $0
REV JONNY H FLAKES III Trustee 2.00
Director
$0 $0 $0
BRENDA GILMORE Trustee 2.00
Director
$0 $0 $0
DON HARDIN Trustee 2.00
Director
$0 $0 $0
DERRICK JACKSON L Trustee 2.00
Director
$0 $0 $0
ROSETTA MILLER-PERRY Trustee 2.00
Director
$0 $0 $0
B LAMONT MUNFORD SR Trustee 2.00
Director
$0 $0 $0
CYNTHIA TURNER-GRAHAM MD Trustee 2.00
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
2025 $8,778,760 $7,578,244 $12,677,358 $1,200,516
2024 $6,031,269 $5,970,121 $10,924,598 $61,148
2023 $6,129,117 $6,912,482 $9,864,313 $-783,365
2022 $7,876,217 $6,176,905 $11,177,466 $1,699,312
2021 $5,183,230 $4,472,076 $10,856,633 $711,154
2020 $4,799,412 $4,357,944 $8,636,351 $441,468
2019 $4,017,221 $4,300,586 $9,879,668 $-283,365
2018 $5,499,392 $4,199,161 $9,322,379 $1,300,231
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