IRBS THEOLOGICAL SEMINARY DBA INTERNATIONAL REFORMED SEMINARY

EIN: 824445833 501(c)(3) Education

MANSFIELD, TX

Total Revenue
$648,070
Total Expenses
$517,614
Total Assets
$867,238
Net Assets
$848,972
🔒

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
2018
Legal Domicile
TX
Principal Officer
VICTOR B WARD
Phone
6824004926
Tax Period
2024-07-01 to 2025-06-30

IRBS THEOLOGICAL SEMINARY DBA INTERNATIONAL REFORMED SEMINARY, founded in 2018, is a small nonprofit in the Education sector that reported $648K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $130K, a strong 20% operating margin.

Mission

THE SEMINARY IS COMMITTED TO ASSISTING REFORMED BAPTIST CHURCHES, AND OTHERS, IN PREPARING MEN FOR THE GOSPEL MINISTRY. IT WILL SERVE A GLOBAL CONSTITUENCY, OFFERING THE MASTER OF DIVINITY DEGREE, PROVIDING ROBUST ACADEMIC PREPARATION IN THE NECESSARY THEOLOGICAL AND MINISTERIAL DISCIPLINES. EMPLOYING A THREE-FOLD STRATEGY OF LECTURE-BASED COURSES, INTERNSHIPS, AND APPRENTICESHIPS, IT WILL GRADUATE MEN READY TO SERVE IN CHURCHES AROUND THE WORLD.

🔒

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 $584,431
Program Service Revenue $37,978
Investment Income $25,661
Other Revenue $0
TOTAL REVENUE $648,070

Expense Breakdown

Grants Paid $0
Salaries & Benefits $390,379
Fundraising Expenses $0
Program Expenses $391,168
Other Expenses $127,235
TOTAL EXPENSES $517,614

Year-over-Year Comparison

2024 2023 Change
Revenue $648,070 $528,022 +0.2%
Expenses $517,614 $463,536 +0.1%
Net Income $130,456 $64,486 +1.0%
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
6
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
$129,355
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN MEANS TRUSTEE 1.00
Director
$0 $0 $0
ROB CROSBY TRUSTEE 1.00
Director
$0 $0 $0
NATHAN WHITE TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL PRODIGALIDAD TRUSTEE 1.00
Director
$0 $0 $0
PASCHAL DENAULT TRUSTEE 1.00
Director
$0 $0 $0
OLIVER ALLMAND-SMITH TRUSTEE 1.00
Director
$0 $0 $0
SCOTT THOMAS TRUSTEE 1.00
Director
$0 $0 $0
JAMES RENIHAN PRESIDENT 40.00
Officer
$88,351 $41,004 $129,355
FRED PUGH CHAIRMAN OF THE BOARD 1.00
Officer
$0 $0 $0
JASON WALTER SECRETARY OF THE BOARD 1.00
Officer
$0 $0 $0
FRANK STRICKLAND TREASURER OF THE BOARD 1.00
Officer
$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 $648,070 $517,614 $867,238 $130,456
2024 $528,022 $463,536 $737,445 $64,486
2023 $539,902 $420,191 $677,545 $119,711
2022 $539,947 $377,909 $554,092 $162,038
2021 $423,384 $389,973 $518,379 $33,411
2020 $461,278 $536,072 $421,830 $-74,794
2019 $472,946 $482,056 $455,578 $-9,110
2018 $599,749 $183,278 $416,471 $416,471
Explore More Nonprofits
Top 100 Nonprofits in Texas Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare IRBS THEOLOGICAL SEMINARY DBA INTERNATIONAL REFORMED SEMINARY with other nonprofits in Texas and across the country.