PURITAN REFORMED THEOLOGICAL SEMINARY FOUNDATION (EIN 202394946) - 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

2005

Legal Domicile

Principal Officer

TIM KWEKEL

Phone

6169770599

Tax Period

2024-08-01 to 2025-07-31

PURITAN REFORMED THEOLOGICAL SEMINARY FOUNDATION, founded in 2005, is a micro nonprofit in the Education sector that reported $40K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $103K exceeded revenue, resulting in a 155% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO RECEIVE, INVEST, MANAGE AND DISTRIBUTE FUNDS IN SUPPORT OF PURITAN REFORMED THEOLOGICAL SEMINARY.

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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 $3,003

Program Service Revenue $0

Investment Income $37,398

Other Revenue $0

TOTAL REVENUE $40,401

Expense Breakdown

Grants Paid $87,114

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $87,114

Other Expenses $15,716

TOTAL EXPENSES $102,830

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,401	$142,917	-0.7%
Expenses	$102,830	$318,233	-0.7%
Net Income	$-62,429	$-175,316	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM KWEKEL	PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
JOE KERKHOFF	SECRETARY	1.00	Officer Director	$0	$0	$0
JASON WAGENAAR	DIRECTOR	1.00	Director	$0	$0	$0
HENRY JANSEN	DIRECTOR	1.00	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
2025	$40,401	$102,830	$1,826,097	$-62,429
2024	$142,917	$318,233	$1,712,984	$-175,316
2023	$27,618	$850	$1,841,117	$26,768
2022	$128,641	$47,295	$1,748,674	$81,346
2021	$114,592	$85,904	$1,917,903	$28,688
2020	$66,132	$68,593	$1,676,924	$-2,461
2019	$55,469	$60,234	$1,651,652	$-4,765
2018	$63,579	$55,292	$1,674,584	$8,287

PURITAN REFORMED THEOLOGICAL SEMINARY FOUNDATION