My question is, what besides scripture does the church possess that is God-Breathed or θεόπνευστος?
Irrelevant to the claim in the OP.
So the NT is not to be considered scripture or is there an alternative meaning to the word "all"?
There is.
As some have already pointed out, when Paul told Timothy that "all Scripture is inspired", he could not have meant "the 66 books that Luther will one day declare to be Scripture", simply because they were not all written yet. In fact, at some point we even see Paul himself doubting whether his own writings were inspired. Instead, Paul was talking about the nature of Scripture: "If or when we come across a book that is Scripture, then we know that it is inspired", in other words: "every book whose nature is Scripture is inspired, both the ones we already have, and the ones that will be written after me [Paul]".
Agree?
A simple, clear and direct answer would greatly facilitate this debate.
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