UNIVERSITY OF VALLEY FORGE OF THE … - 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

1939

Legal Domicile

Principal Officer

REV DAVID S KIM

Phone

6109350450

Tax Period

2021-07-01 to 2022-06-30

UNIVERSITY OF VALLEY FORGE OF THE ASSEMBLIES OF GOD, founded in 1939, is a mid-sized nonprofit that reported $18.3M in total revenue in fiscal year 2021. Expenses of $20.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PREPARE INDIVIDUALS FOR A LIFE OF SERVICE AND LEADERSHIP IN THE CHURCH AND IN THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $17,334,147

UNIVERSITY OF VALLEY FORGE IS A REGIONALLY ACCREDITED CHRISTIAN UNIVERSITY OF ARTS, SCIENCES, AND PROFESSIONS OFFERING UNDERGRADUATE AND GRADUATE MAJORS. THE UNIVERSITY PROVIDES INSTRUCTIONAL...

UNIVERSITY OF VALLEY FORGE IS A REGIONALLY ACCREDITED CHRISTIAN UNIVERSITY OF ARTS, SCIENCES, AND PROFESSIONS OFFERING UNDERGRADUATE AND GRADUATE MAJORS. THE UNIVERSITY PROVIDES INSTRUCTIONAL SERVICES TO DEGREE-SEEKING STUDENTS AS WELL AS HOUSING, FOOD SERVICES, AND OTHER STUDENT SERVICES. THE UNIVERSITY SERVED APPROXIMATELY 600 STUDENTS THROUGH ITS MAIN CAMPUS, EXTENSION SITES, AND ONLINE PROGRAMS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $4,035,892

Program Service Revenue $14,114,174

Investment Income $105,437

Other Revenue $54,992

TOTAL REVENUE $18,310,495

Expense Breakdown

Grants Paid $5,907,694

Salaries & Benefits $6,094,630

Fundraising Expenses $384,267

Program Expenses $17,334,147

Other Expenses $8,243,837

TOTAL EXPENSES $20,246,161

Year-over-Year Comparison

	2021	2020	Change
Revenue	$18,310,495	$17,692,057	+0.0%
Expenses	$20,246,161	$16,849,472	+0.2%
Net Income	$-1,935,666	$842,585	-3.3%

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

419

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

$517,478

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV CARL COLLETTI	CHAIR	1.00	Officer Director	$0	$0	$0
REV DOMINICK COTIGNOLA	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
REV ELLY MARROQUIN	SECRETARY	1.00	Officer Director	$0	$0	$0
MR RICHARD SAWCHAK	CHAIR OF FIN	1.00	Officer Director	$0	$0	$0
REV MANUEL ALVAREZ	TRUSTEE	1.00	Director	$0	$0	$0
MR JORGE ARROYO	TRUSTEE	1.00	Director	$0	$0	$0
REV GAVIN BROWN	TRUSTEE	1.00	Director	$0	$0	$0
MR DAVID BURTON JR	TRUSTEE	1.00	Director	$0	$0	$0
DR DAN DE JESUS	TRUSTEE	1.00	Director	$0	$0	$0
DR DUANE DURST	TRUSTEE	1.00	Director	$0	$0	$0
REV SCOTT GIORDANO	TRUSTEE	1.00	Director	$0	$0	$0
REV DONALD IMMEL	TRUSTEE	1.00	Director	$0	$0	$0
REV FABIAN KALAPUCH	TRUSTEE	1.00	Director	$0	$0	$0
MR SCOTT LIGHT	TRUSTEE	1.00	Director	$0	$0	$0
MS DOLLY MARTINEZ	TRUSTEE	1.00	Director	$0	$0	$0
REV HEATH MCCOY	TRUSTEE	1.00	Director	$0	$0	$0
MR JOHN PAPROSKI	TRUSTEE	1.00	Director	$0	$0	$0
REV LEE ROGERS	TRUSTEE	1.00	Director	$0	$0	$0
REV DAVID S KIM	PRESIDENT	40.00	Officer	$116,632	$4,721	$121,353
JENNIFER GALE	VP STUDENT L	40.00	Officer	$89,343	$2,162	$91,505
DR TODD GUEVIN	VP INSTITUTI	40.00	Officer	$87,668	$15,600	$103,268
DR JEROME DOUGLAS	VP ACADEMIC	40.00	Officer	$96,856	$842	$97,698
STEVEN DEFRAIN	VP DEVELOPME	40.00	Officer	$83,781	$842	$84,623
STACEY R SAUCHUK	VP OF FINANC	40.00	Officer	$19,031	$0	$19,031

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
2022	$18,310,495	$20,246,161	$31,073,497	$-1,935,666
2021	$17,692,057	$16,849,472	$33,204,385	$842,585
2020	$15,663,190	$18,249,151	$37,964,308	$-2,585,961
2019	$17,063,996	$19,731,152	$38,994,847	$-2,667,156
2018	$19,326,216	$22,392,322	$42,252,947	$-3,066,106

UNIVERSITY OF VALLEY FORGE OF THE ASSEMBLIES OF GOD