BAPTIST THEOLOGICAL UNION (EIN 366117636) - 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

1865

Legal Domicile

Principal Officer

JOSEPH L PRICE

Phone

7734846985

Tax Period

2024-07-01 to 2025-06-30

BAPTIST THEOLOGICAL UNION, founded in 1865, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2024. Revenue surged 189% from the prior year, signaling strong growth momentum. Expenses of $4.4M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE BAPTIST THEOLOGICAL UNION'S MISSION IS THE ENDOWMENT, SUPPORT AND DIRECTION OF THE THEOLOGICAL INSTRUCTION OF THE DIVINITY SCHOOL AT THE UNIVERSITY OF CHICAGO.

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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 $0

Program Service Revenue $0

Investment Income $2,656,550

Other Revenue $966,615

TOTAL REVENUE $3,623,165

Expense Breakdown

Grants Paid $4,187,657

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,187,657

Other Expenses $240,389

TOTAL EXPENSES $4,428,046

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,623,165	$1,253,800	+1.9%
Expenses	$4,428,046	$4,892,785	-0.1%
Net Income	$-804,881	$-3,638,985	-0.8%

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

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
JOSEPH L PRICE II	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS J LITWILER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JONATHAN J ART	TREASURER	1.00	Officer Director	$0	$0	$0
WILLIAM ALLEN	SECRETARY	1.00	Officer Director	$0	$0	$0
ASTRID BECK	TRUSTEE	1.00	Director	$0	$0	$0
MICHAELE BIRDSALL	TRUSTEE	1.00	Director	$0	$0	$0
JESSE BROWN	TRUSTEE	1.00	Director	$0	$0	$0
PRISCILLA EPPINGER	TRUSTEE	1.00	Director	$0	$0	$0
DAVID GREGG	TRUSTEE	1.00	Director	$0	$0	$0
MARSHALL HATCH SR	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA HERNANDEZ	TRUSTEE	1.00	Director	$0	$0	$0
SARAH REED JAY	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN BW JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM NOAKES	TRUSTEE	1.00	Director	$0	$0	$0
ANNETTE OWEN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN SCHLOERB	TRUSTEE	1.00	Director	$0	$0	$0
WESLEY SUN	TRUSTEE	1.00	Director	$0	$0	$0
ELIJAH ZEHYOUE	TRUSTEE	1.00	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	$3,623,165	$4,428,046	$98,747,162	$-804,881
2024	$1,253,800	$4,892,785	$90,516,775	$-3,638,985
2023	$2,867,191	$5,019,800	$86,748,564	$-2,152,609
2023	$2,867,191	$5,019,800	$86,748,564	$-2,152,609
2022	$22,788,687	$4,613,290	$89,750,980	$18,175,397
2021	$5,027,716	$4,292,953	$79,058,982	$734,763
2020	$2,130,432	$4,938,156	$62,322,775	$-2,807,724

BAPTIST THEOLOGICAL UNION