Trinity Bible College and Graduate School 
The information on this page was last updated 10/9/2026. If you see errors or omissions, please email: [email protected]
Summary
A Christ-centered college education focused on theological reflection and missional passion
Contact information
Mailing address:
Trinity Bible College and Graduate School
Phone:
Organization details
EIN: 450306841
CEO/President: Paul Alexander
Chairman: Stephen Schaible
Board size: 28
Founder:
Ruling year: 1969
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
Flourishing Community, Connected Learning, Missional Effectiveness
Mission statement
Trinity Bible College & Graduate School is committed to training and educating people with theological reflection and missional passion in order that people and communities everywhere will hear the good news of Jesus and see His love demonstrated.
Statement of faith
https://ag.org/Beliefs/Statement-of-Fundamental-Truths
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Colleges/Universities
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 816 of 1582 | 105 of 160 |
| Fund acquisition rating | | 68 of 1583 | 15 of 160 |
| Resource allocation rating | | 1471 of 1583 | 146 of 160 |
| Asset utilization rating | | 881 of 1583 | 108 of 160 |
According to the organization's Form 990, it received $182,260 in government grants in 2025.
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 12% | 6% | 10% | 10% | 6% | 3% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 3% | 6% | 5% | 4% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 15% | 50% | 58% | 53% | 65% | 53% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 3% | 7% | 7% | 5% | 3% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 85% | 50% | 42% | 47% | 35% | 47% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 68% | 64% | 67% | 78% | 77% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 91% | 85% | 76% | 70% | 71% |
Program output ratio Program output ratio = Program services / Total revenue | 80% | 62% | 55% | 51% | 55% | 55% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | 9% | 15% | 24% | 30% | 29% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 4% | 8% | 13% | 19% | 19% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 29% | 29% | 26% | 16% | 21% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.51 | 0.40 | 0.42 | 0.41 | 0.41 | 0.40 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.75 | 3.12 | 3.43 | 4.92 | 4.78 | 6.90 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.41 | 1.24 | 1.45 | 2.02 | 1.98 | 2.78 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.20 | 8.64 | 6.92 | 6.98 | 10.68 | 7.43 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.12 | 0.14 | 0.14 | 0.09 | 0.13 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.24 | 8.52 | 7.07 | 5.08 | 5.48 | 3.73 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 20% | 4% | 5% | 4% | 9% | 14% |
Debt ratio Debt ratio = Debt / Total assets | 9% | 0% | 0% | 0% | 5% | 10% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 153% | 241% | 225% | 233% | 219% | 213% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $1,000,617 | $2,379,000 | $1,366,455 | $1,381,394 | $705,086 |
| Receivables, inventories, prepaids | $2,472,439 | $1,587,094 | $1,030,906 | $988,180 | $232,843 |
| Short-term investments | $3,850,831 | $2,469,344 | $1,717,570 | $1,473,280 | $1,369,189 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $7,323,887 | $6,435,438 | $4,114,931 | $3,842,854 | $2,307,118 |
| Long-term investments | $900,363 | $831,520 | $962,243 | $456,063 | $543,053 |
| Fixed assets | $14,592,419 | $14,774,470 | $14,908,158 | $14,083,962 | $13,080,114 |
| Other long-term assets | $0 | $43,923 | $240,637 | $0 | $0 |
| Total long-term assets | $15,492,782 | $15,649,913 | $16,111,038 | $14,540,025 | $13,623,167 |
| Total assets | $22,816,669 | $22,085,351 | $20,225,969 | $18,382,879 | $15,930,285 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $510,885 | $480,208 | $303,449 | $359,666 | $310,318 |
| Other current liabilities | $336,600 | $449,701 | $286,229 | $0 | $0 |
| Total current liabilities | $847,485 | $929,909 | $589,678 | $359,666 | $310,318 |
| Debt | $0 | $0 | $0 | $998,604 | $1,533,923 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $117,300 | $215,355 | $299,352 | $429,699 |
| Total long-term liabilities | $0 | $117,300 | $215,355 | $1,297,956 | $1,963,622 |
| Total liabilities | $847,485 | $1,047,209 | $805,033 | $1,657,622 | $2,273,940 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $15,638,351 | $15,276,829 | $16,161,676 | $14,257,650 | $11,411,047 |
| With donor restrictions | $6,330,833 | $5,761,313 | $3,259,260 | $2,467,607 | $2,245,298 |
| Net assets | $21,969,184 | $21,038,142 | $19,420,936 | $16,725,257 | $13,656,345 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $4,973,365 | $6,335,189 | $5,757,566 | $7,063,179 | $4,820,281 |
| Program service revenue | $4,727,962 | $4,486,811 | $4,274,556 | $3,651,631 | $4,155,461 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $280,711 | $142,743 | ($39,397) | $78,079 | $33,146 |
| Other revenue | $0 | $0 | $947,624 | $52,573 | $40,766 |
| Total other revenue | $5,008,673 | $4,629,554 | $5,182,783 | $3,782,283 | $4,229,373 |
| Total revenue | $9,982,038 | $10,964,743 | $10,940,349 | $10,845,462 | $9,049,654 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $6,179,821 | $6,002,134 | $5,593,154 | $5,960,587 | $4,934,978 |
| Management and general | $2,628,328 | $2,737,353 | $2,191,184 | $1,247,229 | $1,320,559 |
| Fundraising | $309,873 | $607,586 | $547,905 | $417,705 | $163,246 |
| Total expenses | $9,118,022 | $9,347,073 | $8,332,243 | $7,625,521 | $6,418,783 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | $864,016 | $1,617,670 | $2,608,106 | $3,219,941 | $2,630,871 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $864,016 | $1,617,670 | $2,608,106 | $3,219,941 | $2,630,871 |
Compensation
| Name | Title | Compensation |
| Paul Alexander | President | $227,166 |
| Vaughn Jordan | Executive Vice President | $105,944 |
Compensation data as of: 6/30/2025
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 10/9/2026. To update the information below, please email: [email protected]
History
Trinity Bible College and Graduate School was founded in 1948 as Lakewood Park Bible School. It is located on a beautiful 28-acre campus on the east side of Ellendale, North Dakota. The centerpiece of the campus is the Block Memorial Chapel. Other buildings on campus include the Lowell Lundstrom Heartland Student Life Center, the Ray Ulmer Field House, Liechty Hall, Daniel Schneck Kesler Hall, the Fern and John Liechty Fitness Center, and the Prayer & Teaching Center featuring two classrooms, a conference room, a spacious atrium with a waterfall, a prayer chapel, a kitchen, and connecting corridors. The most recent renovations were to the iconic Davidson Hall, the newly renamed Wead Center, and the oldest building on campus, the Armory. God has shown immense favor and blessing to Trinity. The Bob Tatum Football Field and a large practice field make up the rest of the campus grounds.
Today, the college is flourishing under the leadership of Dr. Paul Alexander, its eighth elected president. For over seven decades of educating and training, Trinity has remained committed to raising up the next generation of young men and women who will bring the good news of Jesus to people and communities everywhere.
Trinity is affiliated with the General Council of the Assemblies of God. The governing body of the college is the Board of Trustees. Board membership consists of Assembly of God district superintendents, individuals from the fields of church ministries, professions, education and members-at-large.