GRACE BIBLE THEOLOGICAL SEMINARY (EIN 872089580) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

JEFFREY D JOHNSON

Phone

5018277820

Tax Period

2023-07-01 to 2024-06-30

GRACE BIBLE THEOLOGICAL SEMINARY, founded in 2021, is a small nonprofit in the Education sector that reported $410K in total revenue in fiscal year 2021. The organization ran a surplus of $134K, a strong 33% operating margin.

Mission

REFORMED BAPTIST THEOLOGICAL SEMINARY SEE 4A BELOW

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,662,934

Program Service Revenue $157,771

Investment Income $-759

Other Revenue $0

TOTAL REVENUE $1,819,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $276,308

Fundraising Expenses $0

Program Expenses $356,059

Other Expenses $188,335

TOTAL EXPENSES $464,643

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,819,946	$442,296	+3.1%
Expenses	$464,643	$379,169	+0.2%
Net Income	$1,355,303	$63,127	+20.5%

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

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

$332,562

Total Directors

$227,782

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OWEN D STRACHAN	PROVOST	40.00	Officer	$78,062	$30,000	$108,062
JEFFREY D JOHNSON	PRESIDENT	10.00	Officer Director	$1,350	$35,000	$94,300
DANIEL S THURSBY	SECRETARY	2.00	Officer Director	$0	$21,840	$65,100
THOMAS T WALLS	TREASURER	2.00	Officer Director	$0	$18,000	$65,100
RONALD RYAN BUSH	DIRECTOR	2.00	Director	$0	$0	$1,094
ANDREW HARGRAVE	DIRECTOR	2.00	Director	$0	$0	$1,094
JAMES FETTERLY	DIRECTOR	2.00	Director	$0	$0	$1,094

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	No data	No data	No data	No data
2024	$1,819,946	$464,643	$1,669,160	$1,355,303
2023	$442,296	$379,169	$312,480	$63,127
2022	$409,939	$275,987	$226,020	$133,952

GRACE BIBLE THEOLOGICAL SEMINARY