ST PAULS SEMINARIAN AND VICARAGE FOUNDATION (EIN 393114194) - 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

2024

Legal Domicile

Principal Officer

CRAIG ERAAS

Phone

7017215500

Tax Period

2025-01-01 to 2025-12-31

ST PAULS SEMINARIAN AND VICARAGE FOUNDATION, founded in 2024, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2025. The organization ran a surplus of $1.3M, a strong 99% operating margin.

Mission

THE ST PAULS SEMINARIAN AND VICARAGE FOUNDATION HOLDS FUNDS TO PROMOTE THE TEACHING OF THE GOSPEL THROUGH TWO MAIN FUNCTIONS. THE ORGANIZATION PROVIDES SCHOLARSHIP FUNDS TO WORTHY SEMINARY STUDENTS ATTENDING LCMS-FORT WAYNE AND LCMS-ST LOUIS SEMINARIES FOR RELIGIOUS EDUCATION AND TRAINING. THE ORGANIZATION ALSO PROVIDES FUNDING TO ASSIST LOCAL LCMS CHURCHES IN PROVIDING A VICARAGE FOR NEW PASTORS BEING INSTALLED AT THE LOCAL CHURCH.

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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 $1,211,454

Program Service Revenue $0

Investment Income $116,097

Other Revenue $0

TOTAL REVENUE $1,327,551

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,000

Other Expenses $3,785

TOTAL EXPENSES $18,785

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,327,551	N/A	N/A
Expenses	$18,785	N/A	N/A
Net Income	$1,308,766	N/A	N/A

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
CRAIG ERAAS	CHAIRMAN	2.00	Officer Director	$0	$0	$0
CASSIDY SWANSON	BOARD MEMBER	1.00	Director	$0	$0	$0
WADE BEHNKEN	VICE CHAIRMAN/TREASURER	2.00	Officer Director	$0	$0	$0
ERIC POPINGA	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA LARSEN	RECORDER	2.00	Officer Director	$0	$0	$0
DARREN KABANUK	BOARD MEMBER	1.00	Director	$0	$0	$0
TINA SIMMONS	BOARD MEMBER	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	$1,327,551	$18,785	$1,346,385	$1,308,766

ST PAULS SEMINARIAN AND VICARAGE FOUNDATION