LUTHERAN BIBLE INSTITUTE OF SEATTLE (EIN 910654200) - 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

1945

Legal Domicile

Principal Officer

ERNIE FOSSE

Phone

4252494800

Tax Period

2017-07-01 to 2018-06-30

LUTHERAN BIBLE INSTITUTE OF SEATTLE, founded in 1945, is a small nonprofit that reported $525K in total revenue in fiscal year 2017. Expenses of $1.6M exceeded revenue, resulting in a 210% operating deficit.

Mission

TO OPERATE AN ACCREDITED CHRISTIAN LIBERAL ARTS INSTITUTION OF HIGHER EDUCATION. INSTRUCTION CEASED ON MAY 7, 2016. SINCE THEN THE ORGANIZATION HAS BEEN SELLING ASSETS AND WRAPPING UP OPERATIONS. REMAINING FUNDS WILL BE TRANSFERRED TO A RELATED ORGANIZAITON THAT WILL SUPPORT INDIVIDUALS AND ORGANIZATIONS ENGAGED IN EDUCATIONAL PROGRAMS THAT SUPPORT CHRISTIAN VALUES THAT MAKE KNOWN THE GOSPEL'S CALL FOR PEACE, JUSTICE AND HEALING THROUGHOUT 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 (2017)

Revenue Breakdown

Contributions & Grants $498,104

Program Service Revenue $7,287

Investment Income $6,936

Other Revenue $12,844

TOTAL REVENUE $525,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,600

Fundraising Expenses $0

Program Expenses $1,357,865

Other Expenses $1,623,922

TOTAL EXPENSES $1,628,522

Year-over-Year Comparison

	2017	2016	Change
Revenue	$525,171	$-4,214,236	-1.1%
Expenses	$1,628,522	$978,329	+0.7%
Net Income	$-1,103,351	$-5,192,565	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEIDI FRANCIS	CO PRESIDENT	4.00	Officer Director	$0	$0	$0
ERNIE FOSSE	CO PRESIDENT	16.00	Officer Director	$0	$0	$0
DAVID PARKS	CO PRESIDENT	4.00	Officer Director	$0	$0	$0
KEVIN BATES	DIRECTOR	1.00	Director	$0	$0	$0
KAREN CLEMENTS	DIRECTOR	1.00	Director	$0	$0	$0
TWYLA LUCAS	DIRECTOR	1.00	Director	$0	$0	$0
BECCA PARKINS	DIRECTOR	1.00	Director	$0	$0	$0
PHYLLIS TURNER-BRIM	DIRECTOR	1.00	Director	$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
2018	$525,171	$1,628,522	$1,328,294	$-1,103,351

LUTHERAN BIBLE INSTITUTE OF SEATTLE