AFRICAN BIBLE COLLEGES INC

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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

1976

Legal Domicile

Principal Officer

LEE SONIUS

Phone

6019221962

Tax Period

2024-07-01 to 2025-06-30

AFRICAN BIBLE COLLEGES INC, founded in 1976, is a community nonprofit in the Education sector that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 27% operating margin.

Mission

EDUCATE, TRAIN AND EQUIP RELIGIOUS TEACHERS AND PREACHERS

Program Service Accomplishments

Program 1

Expenses: $2,404,245

EDUCATE, TRAIN AND EQUIP RELIGIOUS TEACHERS AND PREACHERS IN YEPEKA, LIBERIA, LILONGWE, MALAWI, UGANDA, AND AFRICA SO THAT THEY MAY IN TURN TEACH AND TRAIN OTHERS.

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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 $4,136,218

Program Service Revenue $0

Investment Income $28,097

Other Revenue $112,333

TOTAL REVENUE $4,276,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $922,157

Fundraising Expenses $125,944

Program Expenses $2,404,245

Other Expenses $2,217,190

TOTAL EXPENSES $3,139,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,276,648	$2,705,958	+0.6%
Expenses	$3,139,347	$3,027,723	+0.0%
Net Income	$1,137,301	$-321,765	-4.5%

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

Volunteers

125

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

$224,768

Total Directors

$274,915

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NELL CHINCHEN	CO-FOUNDER	5.00	Director	$41,147	$9,000	$50,147
THOMAS KAY JR	CHAIRMAN	5.00	Officer Director	$0	$0	$0
MARK D LINSZ	TREASURER	2.00	Officer Director	$0	$0	$0
COREY CONKRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
MARK BAIRD	DIRECTOR	2.00	Director	$0	$0	$0
REV DR SHELTON SANFORD	DIRECTOR	2.00	Director	$0	$0	$0
DR PALMER CHINCHEN	DIRECTOR	25.00	Director	$0	$0	$0
LEE SONIUS	PRESIDENT/CEO	40.00	Officer Director	$123,790	$0	$123,790
PAUL GUNTHER	DIRECTOR	2.00	Director	$0	$0	$0
SEAN ST CLAIR	DIRECTOR	2.00	Director	$0	$0	$0
RICHELLE HUGGINS	CFO, ACTING BD SECRETARY	40.00	Officer Director	$72,978	$0	$72,978
DAN LINSZ	VICE PRESIDENT	40.00	Officer Director	$28,000	$0	$28,000

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	$4,276,648	$3,139,347	$3,630,703	$1,137,301
2024	$2,705,958	$3,027,723	$2,732,670	$-321,765
2023	$3,827,518	$3,619,530	$2,935,841	$207,988
2022	$3,615,247	$3,475,269	$2,795,358	$139,978
2021	$3,892,851	$3,120,468	$3,009,079	$772,383
2020	$3,230,177	$2,760,160	$2,119,907	$470,017
2019	$3,067,710	$3,653,635	$1,651,253	$-585,925
2018	$3,662,774	$3,678,792	$2,067,684	$-16,018