Trinity College of Florida

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 11/22/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Trinity College of Florida is a private, nonprofit accredited Christian Bible college located on the Gulf Coast in Trinity Florida. Biblical training and academic excellence for every context of life. Trinity College of Florida has a long legacy of a family-like atmosphere focused on individual development of Christian leaders for every context of life. We are distinctly evangelical but also interdenominational.


Contact information

Mailing address:
Trinity College of Florida
2430 Welbilt Blvd
Trinity, FL 34655

Website: trinitycollege.edu

Phone: 800-388-0869

Email: admissions@trinitycollege.edu


Organization details

EIN: 596155069

CEO/President: Mark T. O’Farrell

Chairman: Rev. Ed Brandt

Board size: 0

Founder: Dr. W. T. Watson

Ruling year: 1964

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1992


Purpose

The vision of Trinity College of Florida is to be the premier provider of Biblically-focused, multifaceted, and diversified higher learning to fulfill the Great Commission in life and career. Trinity College believes that the Bible should be at the heart and core of all training and that it is the standard for evaluating all claims to knowledge. The Bible, as the inspired Word of God, is instrumental in thoroughly equipping God's servants for ministry. This philosophy is reflected in the wide range of Bible and theology courses offered. The College believes that the Bible is the only framework within which a consistent, effective, and productive world, view, lifestyle, and life of service to God and humanity can be maintained.


Mission statement

Trinity College of Florida provides a biblically-centered education, equipping servant leaders for life and career opportunities. The goals for achieving this mission are:

1. Spiritual - To orient, motivate and lead students to Christian maturity and spiritual depth.
2. Academic - To engage students with opportunities to integrate Biblical faith and learning.
3. Intellectual - To develop in students the ability for critical analysis and to motivate in them a desire for continuing intellectual pursuits.
4. Professional - To produce graduates competent in the area of their professional training.
5. Social - To cultivate a culture that redefines how we learn, love, and live in a way that honors God, impacting our community for generations to come.


Statement of faith

We believe the Scriptures of the Old and New Testament are verbally inspired by God, inerrant in the original writings, and that they are the supreme and final authority in faith and life.

We believe in one God, eternally existing in three persons, Father, Son and Holy Spirit.

We believe that Jesus Christ was conceived by the Holy Spirit and born of the Virgin Mary and is true God and true man.

We believe that man was created in the image of God, but that he sinned and thereby incurred not only physical death, but also spiritual death which is separation from God.

We believe that the Lord Jesus died for our sins according to the Scriptures as a representative and substitutionary sacrifice, and that all who believe in Him are justified on the ground of His shed blood and adopted into God's family as His beloved children.

We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a godly life, and by whom the church is empowered to carry out Christ's great commission.

We believe in the resurrection of the crucified body of our Lord, in His ascension into heaven, and His present life there for us, as High Priest and Advocate.

We believe in "that blessed hope," the personal, pre-millennial and imminent return of our Lord and Savior Jesus Christ.

We believe in the bodily resurrection of the just and the unjust, the everlasting bliss of the saved and the everlasting conscious suffering of the lost.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating782 of 999101 of 117
Fund acquisition rating178 of 100120 of 117
Resource allocation rating959 of 1001112 of 117
Asset utilization rating852 of 999109 of 117

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%10%13%12%12%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%3%3%3%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%28%24%24%19%27%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%2%2%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%72%76%76%81%73%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%67%71%73%71%68%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%111%127%113%119%83%
Program output ratio Program output ratio =
Program services /
Total revenue
81%75%90%82%85%57%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-11%-27%-13%-19%17%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-7%-14%-6%-8%9%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%30%27%25%27%30%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.390.400.370.480.45
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.777.358.726.952.912.28
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.662.903.462.601.411.02
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.084.834.703.8615.4714.93
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.210.210.260.060.07
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.783.282.733.427.9610.96
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%45%41%33%6%5%
Debt ratio Debt ratio =
Debt /
Total assets
17%40%37%29%3%2%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%140%149%180%194%211%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$1,118,934$1,033,526$1,306,863$2,246,715$3,025,905
Receivables, inventories, prepaids$158,470$52,148$59,636$220,918$365,863
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,277,404$1,085,674$1,366,499$2,467,633$3,391,768
Long-term investments$0$0$0$0$0
Fixed assets$8,013,471$8,226,544$7,924,438$4,397,763$4,041,981
Other long-term assets$94,375$152,445$208,691$321,323$287,250
Total long-term assets$8,107,846$8,378,989$8,133,129$4,719,086$4,329,231
Total assets$9,385,250$9,464,663$9,499,628$7,186,719$7,720,999
 
Liabilities20202019201820172016
Payables and accrued expenses$264,440$231,016$353,798$159,481$128,761
Other current liabilities$0$0$0$0$98,403
Total current liabilities$264,440$231,016$353,798$159,481$227,164
Debt$3,795,698$3,486,987$2,763,068$250,214$160,883
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$123,657$166,569$8,393$8,853$9,337
Total long-term liabilities$3,919,355$3,653,556$2,771,461$259,067$170,220
Total liabilities$4,183,795$3,884,572$3,125,259$418,548$397,384
 
Net assets20202019201820172016
Without donor restrictions$4,138,858$4,490,302$5,239,235$3,650,492$3,668,036
With donor restrictions$1,062,597$1,089,789$1,135,134$3,117,679$3,655,579
Net assets$5,201,455$5,580,091$6,374,369$6,768,171$7,323,615
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$946,824$701,981$750,007$567,901$1,120,146
Program service revenue$2,214,979$2,248,825$2,373,231$2,345,482$2,440,060
Membership dues$0$0$0$0$0
Investment income$19,290$16,891$15,817$22,462$573,140
Other revenue$144,167($6,628)$9,588($19,002)$17,473
Total other revenue$2,378,436$2,259,088$2,398,636$2,348,942$3,030,673
Total revenue$3,325,260$2,961,069$3,148,643$2,916,843$4,150,819
 
Expenses20202019201820172016
Program services$2,488,401$2,655,143$2,590,055$2,480,992$2,357,746
Management and general$1,125,199$1,012,748$871,321$934,491$1,024,466
Fundraising$90,707$87,891$87,404$65,628$81,246
Total expenses$3,704,307$3,755,782$3,548,780$3,481,111$3,463,458
 
Change in net assets20202019201820172016
Surplus (deficit)($379,047)($794,713)($400,137)($564,268)$687,361
Other changes in net assets$0$0$0$0$0
Total change in net assets($379,047)($794,713)($400,137)($564,268)$687,361

Compensation

NameTitleCompensation
Dr Mark T O'FarrellPresident$81,039
Dr Dennis CoxVP Academics$75,813
Albert DepoutotVP Student Development$57,578
Greg MitchellVP Business & Finance (7/1/19-8/30/19)$8,225
Richard HenricksenFinancial Officer (1/1/20-Present)$1,215

Compensation data as of: 6/30/2020


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 11/22/2021. To update the information below, please email: info@ministrywatch.com


History

Dr. William T. Watson, a tent preacher from North Carolina, and pastor of a large Christian and Missionary Alliance church in St. Petersburg felt the Lord leading him to establish a Bible college for the training of Christian workers. Following God's call, he founded Florida Bible Institute in 1932, changing the name to Trinity College in 1947. Little did he realize when he started the College that a young man, Billy Graham, who would enroll in 1937 and graduate in 1940, was destined to become one of the great evangelists in the history of the church, although Dr. Graham is the College's most famous graduate, he is but one of many in the past years who have gone on from the College to serve the Lord all over the world, and in many different roles.

Originally focused on training pastors and missionaries, the College has expanded its course offerings over the years to include worship ministry, youth ministry, elementary education, psychology, general studies, and business organizational leadership. An important characteristic of the College has always been its distinctly evangelical, but interdenominational, nature. At Trinity, students from a wide variety of church backgrounds have the opportunity to study God's Word and be equipped to serve Him in an atmosphere of respect. In a world where interdenominational cooperation among evangelicals is becoming increasingly vital, Trinity College of Florida believes this type of education best serves its students as they prepare to live and serve more effectively. A major milestone in the life of the College was achieved in 1996 when Trinity was accredited by the Association for Biblical Higher Education.

The words above describe the journey you will enjoy at Trinity College of Florida! You will discover amazing truth in God's Word and the life He has given you. His truth will transform your character and activities. You will be able to discern and make decisions that will honor Him and generate abundant satisfaction and fulfillment for you. In addition, the relationships you establish in and outside the classroom at Trinity will be a blessing to you for the rest of your life! Your personal development will be seen intellectually, socially, emotionally, and most of all, spiritually. You will become the person God intended you to be! You will discover God's mission for your life! What an amazing journey ... Discovering ... Discerning ... Developing ... making Decisions in life that will be the best!

Continuing in the passion for higher biblical education for more than 88 years as a college, we treasure the Word of God as the Book for guidance and fulfillment in this life. Our founder, Dr. W. T. Watson, possessed a strong passion to provide an educational experience that would transform the student into a servant leader for Kingdom ministry! This pursuit continues today with the educational excellence of our faculty to the sacrificial commitment of the staff. Remember the challenge God gave Jeremiah: Call to Me, and I will answer you, and show you great and mighty things, which you do not know. Experience this reality in the classroom, on campus, and in service for the Lord! The discovery of the "great and mighty things" awaits you! Come and join the adventure of becoming a transformational servant of the Most High, commissioned to influence and impact the 21st century for the glory and honor of the Lord Jesus Christ!


Program accomplishments


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