JACKSON, MS
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)REFORMED THEOLOGICAL SEMINARY, founded in 1964, is a mid-sized nonprofit in the Education sector that reported $33.4M in total revenue in fiscal year 2024. Expenses of $30.3M left a modest 9% surplus.
REFORMED THEOLOGICAL SEMINARY (RTS) EXISTS TO GLORIFY THE TRIUNE GOD AND TO SERVE HIS CHURCH IN ALL BRANCHES OF EVANGELICAL CHRISTIANITY, ESPECIALLY PRESBYTERIAN AND REFORMED CHURCHES, BY PROVIDING REFORMED GRADUATE THEOLOGICAL EDUCATION THAT IS (CONTINUED ON SCHEDULE O) GLOBALLY ACCESSIBLE. REFORMED THEOLOGICAL SEMINARY EQUIPS ITS STUDENTS FOR MINISTRY, PRIMARILY THROUGH PASTORAL TRAINING, TO BE SERVANT LEADERS MARKED BY A MIND FOR TRUTH. A HEART FOR GOD.
THE SEMINARY SERVES APPROXIMATELY 1,800 STUDENTS THROUGH CAMPUSES IN JACKSON, MS, ORLANDO, FL, CHARLOTTE, NC, METRO WASHINGTON, DC, ATLANTA, GA, HOUSTON, TX, DALLAS, TX, NEW YORK, NY, DISTANCE...
THE SEMINARY SERVES APPROXIMATELY 1,800 STUDENTS THROUGH CAMPUSES IN JACKSON, MS, ORLANDO, FL, CHARLOTTE, NC, METRO WASHINGTON, DC, ATLANTA, GA, HOUSTON, TX, DALLAS, TX, NEW YORK, NY, DISTANCE EDUCATION PROGRAMS, AND AN EXTENSION SITE IN SAO PAULO, BRAZIL. IN ADDITION, THE SEMINARY IS ENHANCING REFORMED THEOLOGY CURRICULUM WITH ORGANIZATIONS IN INDONESIA. STUDENTS AT RTS ARE ENROLLED IN THE FOLLOWING ACADEMIC DEGREE PROGRAMS: MASTER OF DIVINITY, MASTER OF ARTS (THEOLOGICAL STUDIES), MASTER OF ARTS (BIBLICAL STUDIES), MASTER OF ARTS (RELIGION), MASTER OF ARTS IN COUNSELING, MASTER OF ARTS IN CHRISTIAN COUNSELING, MASTER OF THEOLOGY, AND DOCTOR OF MINISTRY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $33,374,775 | $33,027,981 | +0.0% |
| Expenses | $30,318,391 | $30,146,830 | +0.0% |
| Net Income | $3,056,384 | $2,881,151 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RICHARD RIDGWAY | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| V HU MEENA | VICE CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RODERICK S RUSS III | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM MOUNGER | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BF BRACY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HUGH COMER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT CURTIS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LARRY EDWARDS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| T DAVID ELKIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| GEROGE FAIR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PAUL HURST III | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLES IRBY SR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| J BYRON JOHNSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| COLLIE LEHN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID H LUCAS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT MCLELLAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| J SCOTT REDD SR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BENJAMIN ROBERSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CRAIG ROHDE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| WARREN WILLIAMSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| J LIGON DUNCAN III | CHANCELLOR/CEO | 40.00 |
Officer
|
$276,427 | $101,174 | $377,601 |
| ROBERT CARA | PROVOST | 40.00 |
Officer
|
$166,540 | $22,199 | $188,739 |
| RICKY RAYBORN | CHIEF OPERATING OFFICER | 40.00 |
Officer
|
$124,404 | $25,061 | $149,465 |
| JESSICA SHORT | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$134,532 | $14,327 | $148,859 |
| DAVID VELDKAMP | CHIEF ENROLLMENT MANAGEMENT OFFICER | 40.00 |
Officer
|
$116,715 | $24,386 | $141,101 |
| RICHARD DOGGETT | CHIEF OF STAFF | 40.00 |
Officer
|
$115,354 | $12,486 | $127,840 |
| KIMBERLY SHIRLEY | CHIEF COMMUNICATIONS OFFICER | 40.00 |
Officer
|
$96,488 | $22,666 | $119,154 |
| AMY HONEYCUTT | CHIEF MARKETING OFFICER | 40.00 |
Officer
|
$95,494 | $11,789 | $107,283 |
| J SCOTT REDD JR | PRESIDENT, DC CAMPUS | 40.00 |
Key Emp
|
$161,771 | $58,126 | $219,897 |
| MARK MCDOWELL | EXECUTIVE DIRECTOR, DALLAS AND HOUSTON CAMPUSES | 40.00 |
Highest
|
$129,306 | $85,108 | $214,414 |
| SCOTT SWAIN | PRESIDENT, ORLANDO CAMPUS | 40.00 |
Highest
|
$131,381 | $72,419 | $203,800 |
| MICHAEL KRUGER | PRESIDENT, CHARLOTTE CAMPUS | 40.00 |
Highest
|
$127,609 | $63,651 | $191,260 |
| ROBERT ALLEN | PROFESSOR & ACADEMIC DEAN, ORLANDO | 40.00 |
Highest
|
$110,393 | $64,567 | $174,960 |
| DAVID JOHN | EXECUTIVE DIRECTOR, GLOBAL AND DISTANCE | 40.00 |
Highest
|
$116,022 | $22,533 | $138,555 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $33,374,775 | $30,318,391 | $133,736,170 | $3,056,384 |
| 2024 | $33,027,981 | $30,146,830 | $130,756,934 | $2,881,151 |
| 2023 | $31,197,255 | $29,471,208 | $122,160,869 | $1,726,047 |
| 2022 | $29,054,898 | $26,360,001 | $124,776,543 | $2,694,897 |
| 2021 | $28,809,695 | $23,782,374 | $126,127,780 | $5,027,321 |
| 2020 | $26,762,042 | $23,061,777 | $103,910,846 | $3,700,265 |
| 2019 | $22,669,438 | $22,680,564 | $102,463,230 | $-11,126 |
| 2018 | $28,122,489 | $21,303,957 | $106,785,507 | $6,818,532 |
Compare REFORMED THEOLOGICAL SEMINARY with other nonprofits in Mississippi and across the country.