Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).
Educates leaders for Christian service through biblical thought and life.
- Founded
- 1945
- Type
- Higher education institution · Colleges & Universities
- Location
- Gallatin, TN
- Website
- welch.edu
- Filings
- 5 on file (2020–2024)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
J Matthew Pinson’s $81K as President is at the 1st percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| J Matthew Pinson | $81,013 | $78,146 | $79,610 | $73,164 | $73,680 | $79,084 |
| Kevin Hester | $64,479 | $66,474 | $66,474 | $67,356 | $67,267 | $66,091 |
| Greg Ketteman | $54,319 | $59,139 | $65,350 | $64,207 | $60,674 | $61,105 |
| Jon Forlines | $44,952 | $45,279 | $46,336 | $52,659 | $52,239 | $45,943 |
| Matthew Bracey | $37,270 | $28,360 | $19,838 | $29,629 | $33,684 | $38,448 |
| Craig Mahler | $24,589 | $27,740 | $30,605 | $32,613 | $32,420 | $30,824 |
| David Williford | — | — | $16,496 | $17,132 | $15,037 | $25,656 |
| Matthew McAffee | $11,578 | $12,261 | $20,563 | $20,450 | $19,658 | $17,563 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Where the work happens
Welch college is a christian higher education institution that educates leaders to serve christ, his church, and his world through biblical thought and life. We provide our students a unique opportunity to prepare for leadership in the place of service to which god is calling them.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 88% | — | — |
| Overhead ratio | 8% | — | — |
| Fundraising cost ratio | 8% | — | — |
| Revenue growth | 6% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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Sources
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