The King's University

EIN: 954663290 501(c)(3) Education

Southlake, TX

Total Revenue
$9,305,463
Total Expenses
$10,412,464
Total Assets
$15,678,973
Net Assets
$14,774,541
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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
1997
Legal Domicile
CA
Phone
8175523700
Tax Period
2023-07-01 to 2024-06-30

The King's University, founded in 1997, is a community nonprofit in the Education sector that reported $9.3M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $10.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

Prepare and educate men and women for effective leadership and Christ-like servanthood.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,710,540
Program Service Revenue $5,975,531
Investment Income $-350,386
Other Revenue $-30,222
TOTAL REVENUE $9,305,463

Expense Breakdown

Grants Paid $1,134,603
Salaries & Benefits $6,544,160
Fundraising Expenses $603,080
Program Expenses $6,681,188
Other Expenses $2,661,701
TOTAL EXPENSES $10,412,464

Year-over-Year Comparison

2023 2022 Change
Revenue $9,305,463 $11,776,123 -0.2%
Expenses $10,412,464 $11,290,810 -0.1%
Net Income $-1,107,001 $485,313 -3.3%
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

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Governance

Voting Members
7
Independent Members
6
Employees
179
Volunteers
10

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
7
$321,610
Total Directors
7
$14,122
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Irini Fambro Trustee (Part Year)/President as of Jan 2024 1.0
Officer Director
$0 $0 $12,546
Dr Robert Morris Chancellor/Trustee 0.5
Officer Director
$0 $1,576 $1,576
Michael Lynch Interim President (Part Year)/Vice Chair 1.0
Officer Director
$0 $0 $0
Pastor Kevin Grove Chairman/Trustee 1.0
Officer Director
$0 $0 $0
Dr Howard Kaloogian Trustee 0.5
Director
$0 $0 $0
Dr Jack Young Trustee 0.5
Director
$0 $0 $0
Larry Dantzler Trustee 0.5
Director
$0 $0 $0
Ashley Green CFO (Part Year) 1.0
Officer
$0 $22,131 $150,843
Barry Harp VP of Business and Finance 0.5
Officer
$0 $0 $0
Robert Brewer CAO (Part Year) 0.5
Officer
$0 $37,925 $156,645
Dr Jonathan Chasteen Former President 0.0
$0 $111,054 $295,680
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 $9,305,463 $10,412,464 $15,678,973 $-1,107,001
2023 $11,776,123 $11,290,810 $15,798,181 $485,313
2022 $11,647,634 $11,601,781 $13,835,160 $45,853
2021 $12,314,584 $10,610,609 $15,085,733 $1,703,975
2020 $12,493,410 $9,713,692 $11,657,015 $2,779,718
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