IRBS THEOLOGICAL SEMINARY DBA INTE… - Form 990 Financial Data

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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

2018

Legal Domicile

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 WILL EXIST FOR EXCLUSIVELY RELIGIOUS PURPOSES, PRINCIPALLY AND SPECIFICALLY, THOUGH NOTEXCLUSIVELY, FOR THE PURPOSE OF EDUCATING AND TRAINING INDIVIDUALS FOR THE PASTORAL MINISTRY AND OTHERMINISTRIES OF THE CHURCH BY PROVIDING A GRADUATE LEVEL THEOLOGICAL EDUCATION IN ACCORDANCE WITH THEDOCTRINAL STANDARDS OF THE SEMINARY, THEREBY FURTHERING THE MINISTERIAL TRAINING GOALS OF THE ASSOCIATIONOF REFORMED BAPTIST CHURCHES OF AMERICA (HEREINAFTER, THE "ASSOCIATION") AND SERVING CHURCHES AROUNDTHE WORLD.

Program Service Accomplishments

Program 1

Expenses: $391,168 Revenue: $37,978

THE SEMINARY COMMENCED INITIATION OF COURSE OFFERINGS AND DEGREE PROGRAMS. THE SEMINARY SERVES STUDENTS THROUGH DISTANCE EDUCATION PROGRAMS.

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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 $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

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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

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

$129,355

Total Directors

Key Employees

Highest Compensated

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

IRBS THEOLOGICAL SEMINARY DBA INTERNATIONAL REFORMED SEMINARY