FRIENDS OF CHINESE REFORMED THEOLOGICAL SEMINARIES (EIN 260001533) - 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

2000

Legal Domicile

Principal Officer

Patrick Yu Wang

Phone

4126004756

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF CHINESE REFORMED THEOLOGICAL SEMINARIES, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $239K in total revenue in fiscal year 2025. Revenue decreased 15% compared to the prior year. Expenses of $223K left a modest 7% surplus.

Mission

Support Reformed Theological Seminaries, Mission work in China, Family Counseling Center, Church planting, PCA Chinese ministry at General Assembly and CRTS student/alumni conferences, Reformed Press, Internet TV station, and provide scholarship. Support 3 ordained missionaries.

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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 (2025)

Revenue Breakdown

Contributions & Grants $238,777

Program Service Revenue $0

Investment Income $70

Other Revenue $243

TOTAL REVENUE $239,090

Expense Breakdown

Grants Paid $217,006

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $217,006

Other Expenses $5,766

TOTAL EXPENSES $222,772

Year-over-Year Comparison

	2025	2024	Change
Revenue	$239,090	$282,023	-0.2%
Expenses	$222,772	$246,980	-0.1%
Net Income	$16,318	$35,043	-0.5%

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
Dr Guy Waters	Chair of the Board	2	Officer Director	$0	$0	$0
Dr Bruce Baugus	Vice Chair	1	Director	$0	$0	$0
Mrs Sheila Govan	Secretary	1	Director	$0	$0	$0
Mrs Julie McDougall	Treasurer	8	Officer Director	$0	$0	$0
Mr Cartee Bales	Director	1	Director	$0	$0	$0
Morgan Chee	Director	1	Director	$0	$0	$0
Michael Ma	Director	1	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	$239,090	$222,772	$317,102	$16,318
2024	No data	No data	No data	No data
2023	$300,950	$274,298	$265,741	$26,652
2022	$411,182	$498,505	$239,089	$-87,323
2021	$344,573	$284,280	$326,412	$60,293
2020	$291,500	$259,183	$266,119	$32,317

FRIENDS OF CHINESE REFORMED THEOLOGICAL SEMINARIES