TRINITY SCHOOLS INC

EIN: 351502075 501(c)(3) Education

SOUTH BEND, IN

Total Revenue
$13,972,343
Total Expenses
$14,137,614
Total Assets
$7,081,061
Net Assets
$5,711,971
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
IN
Principal Officer
DAVID SALMON
Phone
5742875590
Tax Period
2023-07-01 to 2024-06-30

TRINITY SCHOOLS INC, founded in 1981, is a mid-sized nonprofit in the Education sector that reported $14.0M in total revenue in fiscal year 2023.

Mission

THE MISSION OF TRINITY SCHOOLS IS TO IMPART BASIC ORDERED KNOWLEDGE ABOUT THE WORLD AND TO TRAIN STUDENTS IN BASIC INTELLECTUAL SKILLS AND QUALITIES OF MIND SO THAT THEY MIGHT BE OF USE TO GOD IN THE WISE CARE AND GOVERNANCE OF HIS CREATION AND IN THE BUILDING OF HIS KINGDOM. WE ACCOMPLISH THIS BY ESTABLISHING A CULTURE MARKED BY THE DISCOVERY OF TRUTH, THE PRACTICE OF GOODNESS, THE CREATION OF BEAUTY AND THE DEVELOPMENT OF INTELLECTUAL AND AESTHETIC HABITS OF MIND. TRINITY SCHOOL IS A COMMUNITY OF LEARNERS CHARACTERIZED BY THE RIGOROUS EXPLORATION OF REALITY, THE FREE AND DISCIPLINED EXCHANGE OF IDEAS, AND ACTIVE PARTICIPATION IN THE FINE ARTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $619,295
Program Service Revenue $13,068,935
Investment Income $139,303
Other Revenue $144,810
TOTAL REVENUE $13,972,343

Expense Breakdown

Grants Paid $2,743,554
Salaries & Benefits $7,528,514
Fundraising Expenses $398,008
Program Expenses $10,754,049
Other Expenses $3,865,546
TOTAL EXPENSES $14,137,614

Year-over-Year Comparison

2023 2022 Change
Revenue $13,972,343 $13,611,542 +0.0%
Expenses $14,137,614 $14,058,376 +0.0%
Net Income $-165,271 $-446,834 -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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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
1
Employees
189
Volunteers
602

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
7
$471,070
Total Directors
6
$369,183
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JON BALSBAUGH PRESIDENT 40.00
$178,934 $41,320 $220,254
JOHN LEE EMPLOYEE 40.00
Highest
$112,252 $29,228 $141,480
PAUL KANE TREASURER 2.00
Officer Director
$0 $7,720 $102,172
MIKE ZUSI VP OF BUS AF 20.00
Officer
$40,022 $7,720 $101,365
DAVID SALMON VICE-CHAIR 2.00
Officer Director
$0 $8,328 $92,759
ERIC YOST TREASURER 40.00
Officer
$60,179 $9,328 $69,507
KATHRYN GLEASON DIRECTOR 2.00
Director
$0 $11,680 $65,793
DEBORAH MIXELL SECRETARY 2.00
Officer Director
$0 $0 $64,499
ROBERT BRICKWEG EXEC DIRECTO 22.00
Director
$43,805 $155 $43,960
PAUL DECELLES MANAGER/ACTI 10.00
Officer
$2,500 $0 $40,768
SAM CLAASSEN CHAIRMAN 2.00
Officer 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 $13,972,343 $14,137,614 $7,081,061 $-165,271
2023 $13,611,542 $14,058,376 $7,022,155 $-446,834
2022 $13,749,929 $13,705,500 $7,029,834 $44,429
2021 $12,746,338 $12,379,084 $8,263,445 $367,254
2020 $12,459,606 $12,049,429 $7,234,374 $410,177
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