SOUTH FLORIDA BIBLE COLLEGE & THEOLOGICAL SEMINARY INC (EIN 650807808) - 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

1997

Legal Domicile

Principal Officer

MARY DRABIK

Phone

9545454500

Tax Period

2024-07-01 to 2025-06-30

SOUTH FLORIDA BIBLE COLLEGE & THEOLOGICAL SEMINARY INC, founded in 1997, is a community nonprofit in the Education sector that reported $5.3M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $4.7M left a modest 12% surplus.

Mission

SOUTH FLORIDA BIBLE COLLEGE & THEOLOGICAL SEMINARY IS AN INSTITUTION OF HIGHER LEARNING WHERE THE BIBLE IS CENTRAL IN PREPARING MEN AND WOMEN FOR MINISTRY TO SERVE CHRIST AND HIS CHURCH THROUGH BIBLICAL THOUGHT AND CHRISTIAN 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 (2024)

Revenue Breakdown

Contributions & Grants $674,593

Program Service Revenue $4,569,414

Investment Income $0

Other Revenue $99,716

TOTAL REVENUE $5,343,723

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,991,859

Fundraising Expenses $144,584

Program Expenses $1,907,576

Other Expenses $1,727,590

TOTAL EXPENSES $4,719,449

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,343,723	$4,147,775	+0.3%
Expenses	$4,719,449	$4,632,978	+0.0%
Net Income	$624,274	$-485,203	-2.3%

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

122

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

$82,519

Total Directors

$82,519

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY DRABIK	PRESIDENT &	40.00	Officer Director	$82,519	$0	$82,519
BOB BOUTWELL	DIRECTOR	3.00	Director	$0	$0	$0
PASTOR MARK BOYKIN	DIRECTOR	3.00	Director	$0	$0	$0
JOSEPHINE BRANCH	DIRECTOR	3.00	Director	$0	$0	$0
BILL CARLSON	DIRECTOR	3.00	Director	$0	$0	$0
ALLISON DUINE	DIRECTOR	3.00	Director	$0	$0	$0
DREW GAUT	DIRECTOR	N/A	Director	$0	$0	$0
PASTOR JONATHAN HALL	DIRECTOR	3.00	Director	$0	$0	$0
PHILBERT HILLIMAN	DIRECTOR	3.00	Director	$0	$0	$0
JASON JACKSON	DIRECTOR	3.00	Director	$0	$0	$0
CONNIE JARVIS	DIRECTOR	3.00	Director	$0	$0	$0
FRANK MAGLIOCHETTI	DIRECTOR	3.00	Director	$0	$0	$0
LEE ANN MANCINI	DIRECTOR	3.00	Director	$0	$0	$0
GAIL NEER	SECRETARY	3.00	Officer Director	$0	$0	$0
JOE ROBERTS	TREASURER	3.00	Officer Director	$0	$0	$0
SHERNA SPENCER	DIRECTOR	3.00	Director	$0	$0	$0
PASTOR BILLY THOMPSON	DIRECTOR	3.00	Director	$0	$0	$0
WILLIAM VALMYR	DIRECTOR	3.00	Director	$0	$0	$0
MARV WILSON	CHAIRMAN	3.00	Officer 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	$5,343,723	$4,719,449	$13,048,260	$624,274
2024	$4,147,775	$4,632,978	$12,815,896	$-485,203
2023	$4,230,711	$4,469,431	$13,310,623	$-238,720
2022	$3,206,392	$4,100,452	$13,744,725	$-894,060
2021	$12,057,041	$4,292,605	$14,829,232	$7,764,436
2020	$3,711,936	$3,756,620	$8,813,402	$-44,684
2019	$3,138,909	$3,153,910	$1,110,109	$-15,001
2018	$2,515,518	$2,317,478	$1,080,243	$198,040

SOUTH FLORIDA BIBLE COLLEGE & THEOLOGICAL SEMINARY INC