INSTITUTE OF LUTHERAN THEOLOGY

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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

2007

Legal Domicile

Principal Officer

KELLI AWANSKI

Phone

6056929337

Tax Period

2024-07-01 to 2025-06-30

INSTITUTE OF LUTHERAN THEOLOGY, founded in 2007, is a community nonprofit in the Religion sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.3M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO EDUCATE AND PREPARE ORDAINED AND LAY LUTHERAN LEADERS, FOLLOWERS OF JESUS CHRIST, FOR EVANGELICAL VOCATIONS SO THAT THEY MAY WALK IN THE WAY OF JESUS CHRIST, KNOW THE TRUTH WHICH IS JESUS CHRIST, AND WITNESS THEIR RESURRECTED LIFE IN CHRIST FOR ALL TO SEE.

Program Service Accomplishments

Program 1

Expenses: $958,637 Revenue: $849,519

TO FULFILL ITS MISSION, THE INSTITUTE OFFERS: SCRIPTURALLY-GROUNDED, SOLIDLY LUTHERAN, PASTORAL PREPARATION; CHRISTIAN LEADERSHIP CERTIFICATION PROGRAMS; ADULT CHRISTIAN EDUCATION; CONTINUING...

TO FULFILL ITS MISSION, THE INSTITUTE OFFERS: SCRIPTURALLY-GROUNDED, SOLIDLY LUTHERAN, PASTORAL PREPARATION; CHRISTIAN LEADERSHIP CERTIFICATION PROGRAMS; ADULT CHRISTIAN EDUCATION; CONTINUING EDUCATION; OPPORTUNITIES FOR CLERGY GRADUATE DEGREES FOR TEACHERS OF THEOLOGY. THE INSTITUTE IS ACCREDITED AS A QUALIFIED ABHE (ASSOCIATION OF BIBLICAL HIGHER EDUCATION) HIGHER EDUCATION INSTITUTE.

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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 $1,027,054

Program Service Revenue $739,940

Investment Income $109,579

Other Revenue $313

TOTAL REVENUE $1,876,886

Expense Breakdown

Grants Paid $311,440

Salaries & Benefits $1,409,041

Fundraising Expenses $317,068

Program Expenses $958,637

Other Expenses $549,115

TOTAL EXPENSES $2,269,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,876,886	$1,690,669	+0.1%
Expenses	$2,269,596	$1,932,529	+0.2%
Net Income	$-392,710	$-241,860	+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

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

$73,320

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLI AWANSKI	CFO	40.00	Officer	$73,320	$0	$73,320
G BARRY ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DR DOUGLAS BAHR	BOARD MEMBER	1.00	Director	$0	$0	$0
REV BECKY HAND	SECRETARY	1.00	Officer Director	$0	$0	$0
REV FRAN HILL	BOARD MEMBER	1.00	Director	$0	$0	$0
CURTIS LUND	BOARD MEMBER	1.00	Director	$0	$0	$0
DR DAVID MAIER	BOARD MEMBER	1.00	Director	$0	$0	$0
FRED SCHICKEDANZ	TREASURER	1.00	Officer Director	$0	$0	$0
SEN KYLE SCHOELFISH	BOARD MEMBER	1.00	Director	$0	$0	$0
REV DR DONALD SIMMONS	BOARD MEMBER	1.00	Director	$0	$0	$0
REV ED SKUTSHEK	BOARD MEMBER	1.00	Director	$0	$0	$0
REV CHARLES STEVENSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN STIEGELMEIER	BOARD MEMBER	1.00	Director	$0	$0	$0
REV KIP TYLER	CHAIR	1.00	Officer Director	$0	$0	$0
PHILIP WOODRUFF	BOARD MEMBER	1.00	Director	$0	$0	$0
DR DENNIS BIELFELDT	PRESIDENT	40.00	Officer	$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	$1,876,886	$2,269,596	$2,580,332	$-392,710
2024	$1,690,669	$1,932,529	$3,054,219	$-241,860
2023	$1,775,264	$1,707,323	$3,257,580	$67,941
2022	$1,612,875	$1,652,781	$3,143,669	$-39,906
2021	$3,163,926	$1,272,126	$3,976,535	$1,891,800
2020	$1,416,534	$1,138,156	$2,273,464	$278,378
2019	$1,016,745	$1,005,750	$1,700,710	$10,995