NEW YORK THEOLOGICAL EDUCATION CENTER INC (EIN 113135077) - 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

1992

Legal Domicile

Phone

7184606150

Tax Period

2023-10-01 to 2024-09-30

NEW YORK THEOLOGICAL EDUCATION CENTER INC, founded in 1992, is a small nonprofit in the Education sector that reported $238K in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $503K exceeded revenue, resulting in a 111% operating deficit.

Mission

CHRISTIAN THEOLOGICAL EDUCATION CENTER SEE PAGE 2, PART III, LINE 1

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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 (2023)

Revenue Breakdown

Contributions & Grants $266,560

Program Service Revenue $24,169

Investment Income $-76,133

Other Revenue $23,291

TOTAL REVENUE $237,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,570

Fundraising Expenses $0

Program Expenses $376,196

Other Expenses $296,516

TOTAL EXPENSES $503,086

Year-over-Year Comparison

	2023	2022	Change
Revenue	$237,887	$889,936	-0.7%
Expenses	$503,086	$533,889	-0.1%
Net Income	$-265,199	$356,047	-1.7%

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

N/A

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

$65,081

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GORDON HU	DIRECTOR/CHAIRMAN	6.00	Director	$0	$0	$0
LINDA WAI SIM CHAN	DIRECTOR/TREASURER	4.00	Director	$0	$0	$0
DUEN CHENG FANG	DIRECTOR/SECRETARY	1.00	Director	$0	$0	$0
TIMOTHY CHIU	PRESIDENT	35.00	Officer	$65,081	$0	$65,081
KAI ZHANG	DIRECTOR	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	$237,887	$503,086	$1,790,332	$-265,199
2023	$889,936	$533,889	$1,909,237	$356,047
2022	$435,238	$365,183	$1,484,003	$70,055
2021	$278,917	$370,592	$1,521,579	$-91,675
2020	$626,725	$550,913	$1,560,207	$75,812
2019	$604,400	$543,389	$1,440,683	$61,011
2018	$783,611	$736,093	$1,171,543	$47,518

NEW YORK THEOLOGICAL EDUCATION CENTER INC