PHOENIX SEMINARY INC (EIN 860711495) - 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

1994

Legal Domicile

Principal Officer

RON OGAN

Phone

6024294927

Tax Period

2024-07-01 to 2025-06-30

PHOENIX SEMINARY INC, founded in 1994, is a community nonprofit in the Education sector that reported $5.6M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $6.6M exceeded revenue, resulting in a 18% operating deficit.

Mission

PHOENIX SEMINARY'S MISSION IS TO TRAIN MEN AND WOMEN FOR CHRIST-CENTERED MINISTRY FOR THE BUILDING OF HEALTHY CHURCHES IN PHOENIX AND THE WORLD.

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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 $3,790,824

Program Service Revenue $1,745,717

Investment Income $76,156

Other Revenue $-54,409

TOTAL REVENUE $5,558,288

Expense Breakdown

Grants Paid $1,379,649

Salaries & Benefits $3,216,995

Fundraising Expenses $684,217

Program Expenses $4,727,930

Other Expenses $1,843,743

TOTAL EXPENSES $6,554,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,558,288	$6,515,486	-0.1%
Expenses	$6,554,124	$6,110,843	+0.1%
Net Income	$-995,836	$404,643	-3.5%

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

114

Volunteers

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

$536,454

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON OGAN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DAVID DICKERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
BRENT GARRISON	DIRECTOR	1.00	Director	$0	$0	$0
JUDY HUBER	DIRECTOR	1.00	Director	$0	$0	$0
ADAM BAILIE	DIRECTOR	1.00	Director	$0	$0	$0
JENNY CLARK	DIRECTOR	1.00	Director	$0	$0	$0
KEN BECKENMEYER	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW BINGHAM	VP OF ACADEMIC AFFAIRS	40.00	Officer	$78,002	$38,946	$116,948
RYAN BABCOCK	CONTROLLER	22.00	Officer	$27,807	$0	$27,807
JONATHAN HANKIN	VP OF OPERATIONS	40.00	Officer	$127,581	$22,224	$149,805
DAVID HOGG	PRESIDENT	40.00	Officer	$130,428	$111,466	$241,894

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	$5,558,288	$6,554,124	$3,060,580	$-995,836
2024	$6,515,486	$6,110,843	$3,966,133	$404,643
2023	$6,926,909	$6,670,946	$3,660,480	$255,963
2022	$6,984,863	$7,200,280	$3,442,651	$-215,417
2021	$10,074,754	$7,072,613	$3,638,170	$3,002,141
2020	$5,118,489	$4,379,323	$2,690,072	$739,166
2019	$5,712,170	$4,756,288	$1,900,125	$955,882
2018	$9,433,398	$10,973,344	$1,768,506	$-1,539,946

PHOENIX SEMINARY INC