Mid-America Baptist Theological Seminary Inc

EIN: 710430687 501(c)(3) Education

Arlington, TN

Total Revenue
$20,877,241
Total Expenses
$6,774,832
Total Assets
$32,820,545
Net Assets
$32,543,609
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
TN
Principal Officer
Dr Michael Spradlin
Phone
9017513039
Tax Period
2024-07-01 to 2025-06-30

Mid-America Baptist Theological Seminary Inc, founded in 1971, is a mid-sized nonprofit in the Education sector that reported $20.9M in total revenue in fiscal year 2024. Revenue surged 418% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.1M, a strong 68% operating margin.

Mission

To provide religious education to students

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $19,122,416
Program Service Revenue $1,208,597
Investment Income $123,721
Other Revenue $422,507
TOTAL REVENUE $20,877,241

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,624,857
Fundraising Expenses $679,472
Program Expenses $2,929,024
Other Expenses $3,149,975
TOTAL EXPENSES $6,774,832

Year-over-Year Comparison

2024 2023 Change
Revenue $20,877,241 $4,032,635 +4.2%
Expenses $6,774,832 $6,197,471 +0.1%
Net Income $14,102,409 $-2,164,836 -7.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
8
Employees
N/A
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
4
$612,893
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ray Skinner Chairman 1.00
Director
$0 $0 $0
Roland Maddox Vice Chairman 1.00
Director
$0 $0 $0
Eugene Howard Trustee 1.00
Director
$0 $0 $0
Terry Brimhall Trustee 1.00
Director
$0 $0 $0
Keith Noble Trustee 1.00
Director
$0 $0 $0
Jimmie Williams Trustee 1.00
Director
$0 $0 $0
Richard Proctor Trustee 1.00
Director
$0 $0 $0
Curtiss Doss Trustee 1.00
Director
$0 $0 $0
Michael Spradlin President 40.00
Officer
$150,971 $16,336 $167,307
Bradley Thompson Executive VP 40.00
Officer
$170,617 $13,542 $184,159
Mikey Mewborn VP, Seminary Dean 40.00
Officer
$116,365 $11,942 $128,307
Randy Redd VP for Institutional Advancement 40.00
Officer
$118,557 $14,563 $133,120
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 $20,877,241 $6,774,832 $32,820,545 $14,102,409
2024 No data No data No data No data
2023 $3,401,936 $6,342,391 $23,539,749 $-2,940,455
2022 $5,422,482 $5,431,913 $25,540,580 $-9,431
2021 $4,304,116 $5,328,877 $25,476,776 $-1,024,761
2020 $2,548,022 $6,195,669 $25,433,308 $-3,647,647
2019 $4,753,803 $6,189,036 $27,491,638 $-1,435,233
Explore More Nonprofits
Top 100 Nonprofits in Tennessee Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Mid-America Baptist Theological Seminary Inc with other nonprofits in Tennessee and across the country.