FRIENDS OF NAGOYA THEOLOGICAL SEMINARY

EIN: 200289989 501(c)(3) Religion

CLEVELAND, GA

Total Revenue
$548,219
Total Expenses
$532,638
Total Assets
$1,174,003
Net Assets
$1,174,003
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
PA
Principal Officer
MARCUS KYLE
Phone
6025386756
Tax Period
2024-04-01 to 2025-03-31

FRIENDS OF NAGOYA THEOLOGICAL SEMINARY, founded in 2003, is a small nonprofit in the Religion sector that reported $548K in total revenue in fiscal year 2024. Revenue surged 181% from the prior year, signaling strong growth momentum. Net assets of $1.2M represent 26 months of operating reserves.

Mission

TO MAKE KNOWN THE GOSPEL OF CHRIST AMONG THE PEOPLE OF SUCH COUNTRIES AS MAY BE DETERMINED BY (A) CONTRIBUTING TO THE DEEPENING OF THE SPIRITUAL LIFE OF THE CHURCHES IN THOSE COUNTRIES (B) TRAINING NATIONAL CHRISTIANS FOR SPIRITUAL LEADERSHIP THROUGH THE MEDIUM OF SEMINARIES, SCHOOLS, HOSPITALS, ETC AND (C) ENGAGING IN RELATED ACTIVITIES TO SUPPORT THESE MINISTRIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $504,066
Program Service Revenue $0
Investment Income $44,153
Other Revenue $0
TOTAL REVENUE $548,219

Expense Breakdown

Grants Paid $414,200
Salaries & Benefits $5,400
Fundraising Expenses $25,294
Program Expenses $463,352
Other Expenses $113,038
TOTAL EXPENSES $532,638

Year-over-Year Comparison

2024 2023 Change
Revenue $548,219 $195,048 +1.8%
Expenses $532,638 $16,782 +30.7%
Net Income $15,581 $178,266 -0.9%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
10
Independent Members
10
Employees
1
Volunteers
N/A

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
5
$58,953
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARCUS KYLE EXECUTIVE DI 20.00
Officer
$58,953 $0 $58,953
JASON HO CHAIR 1.00
Officer Director
$0 $0 $0
MATTHEW NG VICE-CHAIR 0.50
Officer Director
$0 $0 $0
JOE NATH TREASURER 0.50
Officer Director
$0 $0 $0
BRIAN KORTY SECRETARY 0.50
Officer Director
$0 $0 $0
KWANG CHIN KIM DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL OH DIRECTOR 0.50
Director
$0 $0 $0
BRETT RAYL DIRECTOR 0.50
Director
$0 $0 $0
MARK DAVIS DIRECTOR 0.50
Director
$0 $0 $0
SCOTT MEYER DIRECTOR 0.50
Director
$0 $0 $0
YOUNG HWANG BO DIRECTOR 0.50
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
2025 $548,219 $532,638 $1,174,003 $15,581
2024 $195,048 $16,782 $1,151,065 $178,266
2023 $228,616 $244,267 $940,460 $-15,651
2022 $246,856 $371,552 $871,708 $-124,696
2021 $382,329 $247,684 $1,160,537 $134,645
2020 $285,688 $118,624 $1,003,570 $167,064
2019 $259,365 $111,589 $773,188 $147,776
2018 $215,838 $129,076 $625,412 $86,762
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