Institute for the Study of Western Civilization (EIN 020672159) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

William H Fredlund

Phone

4088644060

Tax Period

2024-01-01 to 2024-12-31

Institute for the Study of Western Civilization, founded in 2003, is a small nonprofit in the Education sector that reported $634K in total revenue in fiscal year 2024. Expenses of $713K exceeded revenue, resulting in a 13% operating deficit.

Mission

To promote the teaching of the Western Tradition, its relationship to other traditions and its importance in the modern era, through educational courses, resources and teacher training.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $290,354

Program Service Revenue $343,505

Investment Income $97

Other Revenue $130

TOTAL REVENUE $634,086

Expense Breakdown

Grants Paid $87,290

Salaries & Benefits $333,572

Fundraising Expenses $1,521

Program Expenses $597,874

Other Expenses $292,609

TOTAL EXPENSES $713,471

Year-over-Year Comparison

	2024	2023	Change
Revenue	$634,086	$594,681	+0.1%
Expenses	$713,471	$648,976	+0.1%
Net Income	$-79,385	$-54,295	+0.5%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$118,575

Total Directors

$110,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William H Fredlund	Pres/Exec Dir	50.00	Officer Director	$110,000	$0	$110,000
Joan Niemeier - Left 92024	CFO	5.00	Officer	$8,575	$0	$8,575
Nathaniel Collins	Chairman	5.00	Officer Director	$0	$0	$0
Roger Stein	Sec/Tres	2.00	Officer Director	$0	$0	$0
Mike Miller	Board Member	2.00	Director	$0	$0	$0
Dianna Van Der Werff	Board Member	2.00	Director	$0	$0	$0
Robert Garner	Board Member	2.00	Director	$0	$0	$0
Eno Schmidt	Board Member	2.00	Director	$0	$0	$0
Mary Ellen Cuykendall	Board Member	2.00	Director	$0	$0	$0
Marian Snow	Board Member	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$634,086	$713,471	$478,399	$-79,385
2023	$594,681	$648,976	$545,171	$-54,295
2022	$678,185	$594,207	$618,774	$83,978
2021	$760,039	$592,543	$574,711	$167,496
2020	$755,723	$575,299	$481,661	$180,424
2019	$444,442	$587,207	$216,319	$-142,765
2018	$669,398	$494,418	$377,795	$174,980

Institute for the Study of Western Civilization