Civic Intelligence

Trinity Presbyterian School Inc

990 • Fiscal year 2021 • EIN 63-0586676

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

1700 E Trinity BlvdMontgomery, AL 36106

(334) 213-2124

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

64th percentile

0.31x

Higher debt load relative to assets than 64% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

66th percentile

0.42x

Higher debt load relative to revenue than 66% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

29th percentile

2.9%

Higher net margin than 29% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

31st percentile

$122,012

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

29th percentile

2.1%

Faster asset growth than 29% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

47th percentile

10.0%

Faster revenue growth than 47% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$15,217,833

Up $312,618 (+2.1%) from 2020

Net Assets

Up

$10,466,539

Up $490,487 (+4.9%) from 2020

Liabilities

Down

$4,751,294

Down $177,869 (-3.6%) from 2020

Revenue

Up

$11,308,696

Up $1,025,524 (+10.0%) from 2020

Expenses

Up

$10,979,149

Up $728,224 (+7.1%) from 2020

Net Income

Up

$329,547

Up $297,300 (+922%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $16,182,015Liabilities 2010: $3,833,748Net Assets 2010: $12,348,2672010Assets 2011: $17,006,346Liabilities 2011: $4,025,843Net Assets 2011: $12,980,5032011Assets 2012: $17,443,538Liabilities 2012: $4,893,506Net Assets 2012: $12,550,0322012Assets 2013: $17,800,300Liabilities 2013: $5,792,085Net Assets 2013: $12,008,2152013Assets 2014: $16,864,910Liabilities 2014: $5,326,488Net Assets 2014: $11,538,4222014Assets 2015: $15,706,767Liabilities 2015: $4,758,569Net Assets 2015: $10,948,1982015Assets 2016: $14,937,040Liabilities 2016: $4,481,309Net Assets 2016: $10,455,7312016Assets 2017: $14,576,361Liabilities 2017: $4,503,478Net Assets 2017: $10,072,8832017Assets 2018: $14,362,317Liabilities 2018: $4,316,367Net Assets 2018: $10,045,9502018Assets 2019: $13,996,774Liabilities 2019: $4,095,444Net Assets 2019: $9,901,3302019Assets 2020: $14,905,215Liabilities 2020: $4,929,163Net Assets 2020: $9,976,0522020Assets 2021: $15,217,833Liabilities 2021: $4,751,294Net Assets 2021: $10,466,5392021Assets 2022: $14,757,005Liabilities 2022: $4,810,467Net Assets 2022: $9,946,5382022Assets 2023: $15,115,883Liabilities 2023: $4,072,597Net Assets 2023: $11,043,2862023Assets 2024: $13,526,604Liabilities 2024: $3,524,672Net Assets 2024: $10,001,9322024

Highlighted filing

2021

Assets$15,217,833
Liabilities$4,751,294
Net Assets$10,466,539

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $9,680,6412010Expenses 2011: $9,950,8942011Revenue 2012: $10,419,646Expenses 2012: $10,806,414Net Income 2012: -$386,7682012Expenses 2013: $11,025,0952013Revenue 2014: $10,606,095Expenses 2014: $11,142,371Net Income 2014: -$536,2762014Revenue 2015: $10,781,254Expenses 2015: $11,391,441Net Income 2015: -$610,1872015Revenue 2016: $10,766,803Expenses 2016: $11,216,541Net Income 2016: -$449,7382016Revenue 2017: $10,898,796Expenses 2017: $11,327,792Net Income 2017: -$428,9962017Revenue 2018: $11,213,679Expenses 2018: $11,262,308Net Income 2018: -$48,6292018Revenue 2019: $10,954,598Expenses 2019: $11,122,749Net Income 2019: -$168,1512019Revenue 2020: $10,283,172Expenses 2020: $10,250,925Net Income 2020: $32,2472020Revenue 2021: $11,308,696Expenses 2021: $10,979,149Net Income 2021: $329,5472021Revenue 2022: $10,680,390Expenses 2022: $11,238,217Net Income 2022: -$557,8272022Revenue 2023: $12,044,823Expenses 2023: $10,996,518Net Income 2023: $1,048,3052023Revenue 2024: $9,868,626Expenses 2024: $11,179,759Net Income 2024: -$1,311,1332024

Highlighted filing

2021

Revenue$11,308,696
Expenses$10,979,149
Net Income$329,547
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.0
Gross Receipts
$11,592,801
Mission and Program Overview

Mission

To glorify god by providing for students the highest qualitycollege-preparatory education, training them in the biblical world andlife view, thus enabling them to serve god in spirit, mind and body.

Trinity presbyterian school is a college preparatory school; pre- kindergarten through grade 12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,228,571$9,179,974▼ $1,048,597
Cash and Non-Interest-Bearing Accounts$2,637,858$3,729,858▲ $1,092,000
Other Notes and Loans Receivable, Net$787,509--
Pledges and Grants Receivable-$752,084-
Accounts Receivable$217,363$349,774▲ $132,411
Prepaid Expenses and Deferred Charges$64,229$75,519▲ $11,290
Total Assets$14,905,215$15,217,833▲ $312,618
Other Assets Total$969,685$1,130,624▲ $160,939
Liabilities
Deferred Revenue$1,288,428$2,345,212▲ $1,056,784
Mortgage Notes Payable Secured by Investment Property$1,778,827$1,548,156▼ $230,671
Other Liabilities$1,192,633--
Accounts Payable and Accrued Expenses$669,275$857,926▲ $188,651
Total Liabilities$4,929,163$4,751,294▼ $177,869
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,031,670$9,226,870▲ $195,200
Net Assets With Donor Restrictions$944,382$1,239,669▲ $295,287
Total Net Assets Fund Balance$9,976,052$10,466,539▲ $490,487
Total Liabilities and Net Assets / Fund Balance$14,905,215$15,217,833▲ $312,618

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,895,479$9,032,286$15,927,765
Equipment$1,012,963$5,493,370$6,506,333
Land$1,271,532-$1,271,532
Other Assets Org$1,130,624--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$969,685$4,155▲ $203,771$46,987$1,130,624
2019$927,210$3,305▲ $79,410$40,240$969,685
2018$903,679$5,327▲ $57,551$39,347$927,210
2017$881,981$9,572▲ $49,983$36,917$903,679
2016$835,835$9,424▲ $73,639$56,978$881,981
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Merle HenkelCFOFT$114,341$7,671$122,012
William ShelnuttHeadmasterFT$107,806$1,644$109,450

Board Members and Trustees

NameTitle
Mr Pat WilliamsPresident
Dr John VermillionBoard Member
Mr Ben PattersonBoard Member
Mr Ben WilsonBoard Member
Mr Billy IrvinBoard Member
Mr Cole PortisBoard Member
Mr Jim EdwardsBoard Member
Mr Josh BladesBoard Member
Mrs Brittney GardnerBoard Member
Mrs Leah SlawsonBoard Member
Mrs Susan WindhamBoard Member
Mr Chappell HillMember at La
Mr Riley RobySecretary
Mr Jeff GulledgeTreasurer
Dr David StanleyVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Southern Foodservices ManagementDining MgmtPO BOX 830469, Birmingham, AL 35283$511,848
Revenue and Support

Revenue Composition

Contributions and Grants
$2,480,283
Program Service Revenue
$9,101,569
Investment Income
$-277,030
Other Revenue
$3,874
All Other Contributions
$858,999
Change in Net Assets
$329,547
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,070,624
Other Expenses$4,162,383
Grants and Similar Amounts Paid$746,142
Total Fundraising Expense$228,529
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,852,614$844,326$39,040$4,735,980
Depreciation Depletion$973,377$36,134-$1,009,511
Grants to Domestic Individuals$746,142--$746,142
Occupancy$573,567$25,117-$598,684
Other Employee Benefits$465,666$100,858$5,441$571,965
Payroll Taxes$275,562$59,684$3,220$338,466
Current Officers, Directors, Trustees, and Key Employees$8,750$204,250$70,000$283,000
Other Expenses$248,045$234$17,237$265,516
All Other Expenses$134,547$25,759$88,240$248,546
Office Expenses$114,448$49,672-$164,120
Pension Plan Contributions$114,969$24,901$1,343$141,213
Information Technology$43,157$96,964-$140,121
Insurance$84,944$3,540-$88,484
Interest$52,036$3,430-$55,466
Advertising$6,621$40,082-$46,703
Fees for Services Accounting-$24,145-$24,145
Fees for Services Other-$1,200-$1,200
Total Functional Expenses$9,154,370$1,596,250$228,529$10,979,149
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$5,529
Fundraising Direct Expenses$1,655
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Prior to its filing with the irs, the form 990 will be reviewed by the business committee of the board

Form 990, Page 6, Part VI, Line 12C

To ensure that there are no conflicts ofinterest in the purchase of goods or services from board members, faculty and staff, and parents of students, all transactions must be at arms-length, which includes competitive bidding if necessary. The school does not purchase goods or services from any member of the board, any spouse or child or parent of a board member, or any business in which the board member or his immediate family, including parents, has a significant financial interest without competitive bidding, full disclosure of the transaction, and prior approval of any such transactions by the board in a regular meeting or special meeting called for that purpose.

Form 990, Page 6, Part VI, Line 15A

The selection and compensation of the head of school is done by the board of trustees. The board reviews and approves the head of school's contract and compensation for each contract signed.

Form 990, Page 6, Part VI, Line 19

The school provides copies of the form 990 upon request. The governing documents and conflict of interest policy are not available to the general public, except as disclosed in the form 990.

Filing and Contact Details

Filer

Filer Name
Trinity Presbyterian School Inc
EIN
63-0586676
Phone
3342132124
Address
1700 E TRINITY BLVD, MONTGOMERY, AL 36106

Signing Officer

Name
Dr David Stanley
Title
Vice President
Phone
3342132149
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Merle Henkel
Formed
1970
Legal Domicile
Al
Voting Board Members
15
Independent Board Members
15
Employees
166
Volunteers
368

Preparer

Firm
Aldridge Borden & Company Pc
Address
74 COMMERCE STREET, MONTGOMERY, AL 36104
Preparer
William L Cox CPA
Phone
3348346640
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in interest in net assets of trust 160,940

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The trinity presbyterian school charitable trust supports and furthers the religious, charitable, and educational programs and other purposes for the school. The funds can be used for financial aid and academic scholarships for students. Provisions of funds can be for the phyisical facilities of the school or equipment, including technological advancements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER AT LA
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0TO GLORIFY GOD BY PROVIDING STUDENTS THE HIGHEST QUALITY COLLEGE- PREPARATORY EDUCATION, TRAINING THEM IN THE BIBLICAL WORLD AND LIFE VIEW, THUS ENABLING THEM TO SERVE GOD IN SPIRIT, MIND, AND BODY
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IRS990/Organization501c3Ind0X
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IRS990/OtherChangesInNetAssetsAmt0160940
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05441
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0100858
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0465666
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0571965
IRS990/OtherExpensesGrp/Desc0ARTS, LIBRARY, DEPTS
IRS990/OtherExpensesGrp/Desc1LUNCH PROGRAM
IRS990/OtherExpensesGrp/Desc2ATHLETICS
IRS990/OtherExpensesGrp/Desc3CLUBS AND ORGANIZATIONS
IRS990/OtherExpensesGrp/FundraisingAmt04008
IRS990/OtherExpensesGrp/FundraisingAmt117237
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt043733
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110330
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21891
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3234
IRS990/OtherExpensesGrp/ProgramServicesAmt0530958
IRS990/OtherExpensesGrp/ProgramServicesAmt1506153
IRS990/OtherExpensesGrp/ProgramServicesAmt2422814
IRS990/OtherExpensesGrp/ProgramServicesAmt3248045
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IRS990/OtherExpensesGrp/TotalAmt1516483
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IRS990/OtherExpensesGrp/TotalAmt3265516
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IRS990/PayrollTaxesGrp/FundraisingAmt03220
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt059684
IRS990/PayrollTaxesGrp/ProgramServicesAmt0275562
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IRS990/PensionPlanContributionsGrp/FundraisingAmt01343
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt024901
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0114969
IRS990/PensionPlanContributionsGrp/TotalAmt0141213
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt075519
IRS990/PrincipalOfficerNm0MERLE HENKEL
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IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1AUXILIARY SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER PROGRAMS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11098797
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt236091
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11098797
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt236091
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ATHLETIC PROGRAM AT TRINITY IS DESIGNED TO PROVIDE OPPORTUNITIES FOR COMPETITIVE ATHLETICS WHILE ENRICHING THE TOTAL EDUCATIONAL EXPERIENCE OF EACH STUDENT-ATHLETE. IN ADDITION TO AWARD-WINNING CHEERLEADERS, TRINITY FIELDS 36 INTERSCHOLASTIC SPORTS TEAMS, INLCUDING FOOTBALL, VOLLEYBALL, BASKETBALL, TENNIS, BASEBALL, SOFTBALL, GOLF, SOCCER, TRACK AND CROSS- COUNTRY. OVER 84% OF OUR STUDENTS PARTICPATE IN AT LEAST ONE SPORT. WE CONSISTENTLY PRODUCE CHAMPIONSHIP TEAMS AND ALL-STATE ATHLETES. TRINITY'S SKILLED COACHING STAFF HAS BUILT A REPUTATION FOR EXCELLENCE AND INTEGRITY. THE COACHES WORK TO INSTILL IN EACH STUDENT-ATHLETE A DESIRE TO EXCEL, BOTH ON AND OFF THE FIELD/COURT. TRINITY ATHLETES PRACTICE AND COMPETE ON SOME OF THE AREA'S FINEST FIELDS AND INDOOR FACILITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0422814
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0278597
IRS990/ProgSrvcAccomActy3Grp/Desc0STUDENTS INSPIRED BY SPECIFIC ACADEMIC STUDIES AND INTERESTS SUPPLEMENT THEIR CLASSROOM EXPERIENCES THROUGH NUMEROUS CLUBS AND SERVICE GROUPS, INCLUDING MISSIONS, DANCE TEAMS, BAND, DRAMA, FORENSICS, STUDENT COUNCILS, KEY CLUB, YEARBOOK AND JOURNALISM. OUR THEATRE DEPARTMENT PRODUCES A FULL- SCALE MUSICAL WITH A CAST OF MORE THAN 100 UPPER SCHOOL STUDENTS. TRINITY OFFERS A SUPERIOR BAND PROGRAM, INCLUDING THE AWARD-WINNING WILDCAT PRIDE MARCHING BAND, THE MIDDLE SCHOOL CONCERT BAND, AND THE SYMPHONIC BAND, PLUS A FIFTH GRADE BAND, THE FIRST OF ITS KIND IN THE CITY.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.5$3.52$10.0$9.87$11.2$1.31
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.1$4.07$11.0$12.0$11.0$1.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.8$4.81$9.95$10.7$11.2$0.56
2021Detailed filing. Detailed filing data is available for this year.$15.2$4.75$10.5$11.3$11.0$0.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.9$4.93$9.98$10.3$10.3$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$4.10$9.90$11.0$11.1$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.4$4.32$10.0$11.2$11.3$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.6$4.50$10.1$10.9$11.3$0.43
2016Detailed filing. Detailed filing data is available for this year.$14.9$4.48$10.5$10.8$11.2$0.45
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.7$4.76$10.9$10.8$11.4$0.61
2014Detailed filing. Detailed filing data is available for this year.$16.9$5.33$11.5$10.6$11.1$0.54
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.8$5.79$12.0$11.0
2012Summary only. Only limited summary data is available for this year.$17.4$4.89$12.6$10.4$10.8$0.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.0$4.03$13.0$9.95
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.2$3.83$12.3$9.68