PIEDMONT UNIVERSITY

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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

MYUNGSOOK KANG

Phone

3237775269

Tax Period

2017-09-01 to 2018-08-31

PIEDMONT UNIVERSITY, founded in 2000, is a micro nonprofit in the Education sector that reported $45K in total revenue in fiscal year 2017. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $289K exceeded revenue, resulting in a 548% operating deficit.

Mission

TO EDUCATE MEN AND WOMEN FOR MINISTRY FOR BOTH PROFESSIONAL AND LAY MINISTRIES TO THE LOCAL CHURCH AND TO SERVE HUMANITIES NEEDS THROUGH MINISTRIES

Program Service Accomplishments

Program 1

Expenses: $58,225 Revenue: $11,639

PROVIDED QUALITY EDUCATION IN THE FIELD OF CHRISTIAN BIBLICAL AND THEOLOGICAL STUDIES IN CHALLENGING CLASSES

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,639

Investment Income $33,052

Other Revenue $0

TOTAL REVENUE $44,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,457

Fundraising Expenses $0

Program Expenses $58,225

Other Expenses $280,028

TOTAL EXPENSES $289,485

Year-over-Year Comparison

	2017	2016	Change
Revenue	$44,691	$102,115	-0.6%
Expenses	$289,485	$129,917	+1.2%
Net Income	$-244,794	$-27,802	+7.8%

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

Volunteers

N/A

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

$6,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MYUNGSOOK KANG	C.E.O.	2.00	Officer	$6,000	$0	$6,000

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
2018	$44,691	$289,485	$59,432	$-244,794