EASTERN UKRAINE THEOLOGICALSEMINAR… - Form 990 Financial Data

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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

2006

Legal Domicile

Principal Officer

David Feddes

Phone

7087465191

Tax Period

2023-01-01 to 2023-12-31

EASTERN UKRAINE THEOLOGICALSEMINARY BOARD OF MINISTRY DEVELOPM, founded in 2006, is a small nonprofit in the Religion sector that reported $387K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

The ministry works to bring biblical teaching of salvation by grace alone to the glory of God throughout Ukraine and Russia by supporting the educational ministry of Eastern Ukraine Seminary.

Program Service Accomplishments

Program 1

Expenses: $411,500 Revenue: $0

Funds provided for religious educational services through the Eastern Ukraine Seminary for educational purposes

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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 $386,711

Program Service Revenue $0

Investment Income $64

Other Revenue $0

TOTAL REVENUE $386,775

Expense Breakdown

Grants Paid $411,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $411,500

Other Expenses $3,778

TOTAL EXPENSES $415,278

Year-over-Year Comparison

	2023	2022	Change
Revenue	$386,775	$411,848	-0.1%
Expenses	$415,278	$377,922	+0.1%
Net Income	$-28,503	$33,926	-1.8%

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	Role	Reportable Comp	Other Comp	Total
David Feddes	President	Director	$0	$0	$0
Tony Bos	Treasurer	Director	$0	$0	$0
Timothy Den Dulk	Director	Director	$0	$0	$0
Paul DeGroot	Director	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	$386,775	$415,278	$13,449	$-28,503
2022	$411,848	$377,922	$41,952	$33,926
2021	$345,445	$373,115	$8,026	$-27,670
2020	$364,810	$344,203	$35,696	$20,607

EASTERN UKRAINE THEOLOGICALSEMINARY BOARD OF MINISTRY DEVELOPM