NORTHEASTERN SEMINARY

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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

1998

Legal Domicile

Principal Officer

RUPERT A HAYLES JR

Phone

5855946000

Tax Period

2022-07-01 to 2023-06-30

NORTHEASTERN SEMINARY, founded in 1998, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2022. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $2.7M left a modest 11% surplus.

Mission

NORTHEASTERN SEMINARY STRIVES TO BE A VIBRANT SOURCE FOR CHRISTIAN THEOLOGICAL FORMATION WHOSE STUDENTS ARE FORMED IN A BIBLICAL VISION OF GRACIOUS CHRISTIANITY AND IMPACT WHOLENESS TO THE WORLD IN AN EXPANSIVE ARRAY OF VOCATIONS AND CONTEXTS.

Program Service Accomplishments

Program 1

Expenses: $2,314,881 Revenue: $1,490,313

TO PREPARE MEN AND WOMEN FOR CHRISTIAN MINISTRY, BOTH LAY AND ORDAINED ROOTED IN CLASSICAL CHRISTIAN FAITH, THE SEMINARY CREATIVELY SEEKS TO EQUIP ITS STUDENTS FOR MINISTRY TO CONTEMPORARY CULTURE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,573,456

Program Service Revenue $1,392,176

Investment Income $0

Other Revenue $98,137

TOTAL REVENUE $3,063,769

Expense Breakdown

Grants Paid $153,164

Salaries & Benefits $1,304,976

Fundraising Expenses $86,077

Program Expenses $2,314,881

Other Expenses $1,275,287

TOTAL EXPENSES $2,733,427

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,063,769	$2,428,669	+0.3%
Expenses	$2,733,427	$2,409,107	+0.1%
Net Income	$330,342	$19,562	+15.9%

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

$806,941

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEANA PORTERFIELD	PRESIDENT (LEFT 06/23)	4.0	Officer	$0	$50,387	$279,862
LAURIE LEO	VP OF FINANCE AND CFO	6.0	Officer	$0	$2,285	$154,652
ALEXANDER JONES	VP INSTITUTIONAL ADVANCEMENT	2.0	Officer	$0	$22,096	$141,647
KRISTEN BROWN	VP FOR STUDENT AND ORGANZATION	40.0	Officer	$0	$8,680	$116,200
BENJAMIN ESPINOZASTART 722	VP AND DEAN OF NORTHEASTERN SE	40.0	Officer	$0	$22,980	$114,580
KEVIN W MANNOIA	VICE CHAIR	2.0	Officer Director	$0	$0	$0
CARYL L WENZKE	TRUSTEE	2.0	Director	$0	$0	$0
GUY ADAMS	TRUSTEE	2.0	Director	$0	$0	$0
LINDA ADAMS	TRUSTEE	2.0	Director	$0	$0	$0
HERBERT ALEXANDER	TRUSTEE (START 10/22)	2.0	Director	$0	$0	$0
JANET BALAJTHY	TRUSTEE	2.0	Director	$0	$0	$0
LYN BARNETT	TRUSTEE (LEFT 01/23)	2.0	Director	$0	$0	$0
PAMELA BRAMAN	TRUSTEE	2.0	Director	$0	$0	$0
EMERSON FULLWOOD	TRUSTEE	2.0	Director	$0	$0	$0
CHAD GOODCHILD	TRUSTEE	2.0	Director	$0	$0	$0
RAMONA GRAHAM	TRUSTEE	2.0	Director	$0	$0	$0
TIMOTHY HARNER	SECRETARY	2.0	Officer Director	$0	$0	$0
HOLLY HILLBERG	TRUSTEE	2.0	Director	$0	$0	$0
JOHN JENNINGS	TRUSTEE (START 10/22)	2.0	Director	$0	$0	$0
ERIC LOGAN	TRUSTEE (START 10/22)	2.0	Director	$0	$0	$0
PAUL LYSANDER	TRUSTEE	2.0	Director	$0	$0	$0
WAYNE MCCOWN	TRUSTEE	2.0	Director	$0	$0	$0
DUNCAN O'DWYER	TRUSTEE	2.0	Director	$0	$0	$0
DWIGHT KIP PALMER	TRUSTEE (LEFT 10/22)	2.0	Director	$0	$0	$0
DAVID RINKER	TRUSTEE	2.0	Director	$0	$0	$0
MAURICIO RIVEROS	TRUSTEE	2.0	Director	$0	$0	$0
BARBARA ROSE	TRUSTEE	2.0	Director	$0	$0	$0
DEBORAH SCHMIDT	VICE CHAIR	2.0	Officer Director	$0	$0	$0
WESLEY SKINNER JR	TRUSTEE	2.0	Director	$0	$0	$0
TERRY TABER	CHAIR	2.0	Officer Director	$0	$0	$0
DEBORAH WHITE	TRUSTEE	2.0	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	No data	No data	No data	No data
2023	$3,063,769	$2,733,427	$9,289,773	$330,342
2022	$2,428,669	$2,409,107	$8,075,453	$19,562
2021	$2,030,516	$2,103,324	$8,384,762	$-72,808
2020	$1,923,624	$1,899,839	$7,125,121	$23,785
2019	$2,154,299	$2,069,720	$7,118,191	$84,579
2018	$2,579,382	$2,023,165	$6,980,253	$556,217