UNITED THEOLOGICAL SEMINARY OF THE TWIN CITIES

EIN: 410854766 501(c)(3) Education

ST PAUL, MN

Total Revenue
$3,614,551
Total Expenses
$4,790,676
Total Assets
$5,742,021
Net Assets
$1,495,394
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
MN
Principal Officer
JEFF SWENSON
Phone
6122015430
Tax Period
2024-07-01 to 2025-06-30

UNITED THEOLOGICAL SEMINARY OF THE TWIN CITIES, founded in 1960, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $4.8M exceeded revenue, resulting in a 33% operating deficit.

Mission

UNITED IS A RELIGIOUS AND EDUCATIONAL ORGANIZATION OPERATED TO FOSTER INTELLECTUAL, SPIRITUAL, AND PERSONAL GROWTH TO EDUCATE INNOVATIVE AND COMPASSIONATE LEADERS.

Program Service Accomplishments

Program 1
Expenses: $3,225,910 Revenue: $2,460,265

UNITED IS AN INTENTIONALLY OPEN, SOCIALLY AWARE, AND THEOLOGICALLYADVENTUROUS SEMINARY OFFERING 4 DEGREE PROGRAMS THROUGH 20 PLUSDENOMINATIONS AND WORLD FAITH TRADITIONS. UNITED IS EQUIPPING...

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UNITED IS AN INTENTIONALLY OPEN, SOCIALLY AWARE, AND THEOLOGICALLYADVENTUROUS SEMINARY OFFERING 4 DEGREE PROGRAMS THROUGH 20 PLUSDENOMINATIONS AND WORLD FAITH TRADITIONS. UNITED IS EQUIPPING LEADERSTO MAKE REAL, LASTING CHANGE IN THE WORLD, WHETHER YOUR VOCATION IS INFAITH LEADERSHIP, NON-PROFIT LEADERSHIP, ACADEMIA, THE ARTS, ACTIVISM,OR SOCIAL ENTREPRENEURSHIP. FOUNDED AS A WELCOMING, ECUMENICAL SCHOOLTHAT EMBRACES ALL DENOMINATIONS AND FAITH TRADITIONS, UNITED HAS BEENON THE CUTTING EDGE OF PROGRESSIVE THEOLOGICAL THOUGHT LEADERSHIP SINCEIT WAS ESTABLISHED IN 1962. TODAY, UNITED CONTINUES TO TRAIN LEADERSWHO DISMANTLE SYSTEMS OF OPPRESSION, EXPLORE MULTIFAITH SPIRITUALITY,AND PUSH THE BOUNDARIES OF KNOWLEDGE. UNITED'S MAIN PROGRAM SERVICESARE: TRADITIONAL PATH TO MINISTRY AND CHAPLAINCY, LEADERSHIP FOR SOCIAL

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,154,286
Program Service Revenue $2,449,695
Investment Income $0
Other Revenue $10,570
TOTAL REVENUE $3,614,551

Expense Breakdown

Grants Paid $754,136
Salaries & Benefits $2,563,174
Fundraising Expenses $0
Program Expenses $3,225,910
Other Expenses $1,473,366
TOTAL EXPENSES $4,790,676

Year-over-Year Comparison

2024 2023 Change
Revenue $3,614,551 $4,674,842 -0.2%
Expenses $4,790,676 $4,763,154 +0.0%
Net Income $-1,176,125 $-88,312 +12.3%
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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Governance

Voting Members
23
Independent Members
23
Employees
62
Volunteers
3

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
11
$541,519
Total Directors
28
$541,519
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AHSHUA BOLTON BOARD MEMBER 1.00
Director
$0 $0 $0
BILL DAVNIE BOARD MEMBER 1.00
Director
$0 $0 $0
CLYDE STECKEL BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID ANDERSON CHAIR 1.00
Officer Director
$0 $0 $0
DAVID LONG-HIGGINS BOARD MEMBER 1.00
Director
$0 $0 $0
DEWAYNE DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
DIANNE OLIVER BOARD MEMBER 1.00
Director
$0 $0 $0
ELENA LARSSEN BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH MACAULAY CO-CHAIR OF THE CAPITAL CAMPAIGN, CHAIR OF THE ACA 1.00
Officer Director
$0 $0 $0
GARY REIERSON BOARD MEMBER 1.00
Director
$0 $0 $0
JACK ROSSMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JEANNE COTTER BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF SWENSON CFO/VP FOR FINANCE AND ADMINISTRATION 32.00
Officer Director
$95,580 $6,692 $102,272
JOHN LUNDQUIST TREASURER, CHAIR OF THE FINANCE COMMITTEE 1.00
Officer Director
$0 $0 $0
KAREN SMITH-SELLERS BOARD MEMBER 1.00
Director
$0 $0 $0
KEN DANIEL BOARD MEMBER 1.00
Director
$0 $0 $0
KYLE ROBERTS DEAN 40.00
Officer Director
$108,765 $7,674 $116,439
LYNNE KREHBIEL-BRENEMAN CHAIR OF THE GOVERNANCE COMMITTEE 1.00
Officer Director
$0 $0 $0
MARY ANN KORSCH BOARD MEMBER 1.00
Director
$0 $0 $0
MOLLY L LARSEN BOARD MEMBER 1.00
Director
$0 $0 $0
MOLLY MARSHALL PRESIDENT 40.00
Officer Director
$205,000 $7,200 $212,200
RODERIC SOUTHALL BOARD MEMBER 1.00
Director
$0 $0 $0
STACEY SMITH VICE-CHAIR 1.00
Officer Director
$0 $0 $0
THERESE PAUTZ CHAIR OF THE ADVANCEMENT COMMITTEE 1.00
Director
$0 $0 $0
WILLIAM HART SECRETARY 1.00
Officer Director
$0 $0 $0
ANDREA JOHNSON CO-CHAIR OF THE CAPITAL CAMPAIGN, CHAIR OF THE ACA 1.00
Officer Director
$0 $0 $0
JEN MOUNT BOARD MEMBER 1.00
Director
$0 $0 $0
CINDI BETH JOHNSON VP OF ADVANCEMENT 40.00
Officer Director
$102,880 $7,728 $110,608
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 $3,614,551 $4,790,676 $5,742,021 $-1,176,125
2024 $4,674,842 $4,763,154 $18,747,905 $-88,312
2023 $5,107,220 $4,800,466 $18,087,739 $306,754
2022 $6,235,932 $4,801,873 $12,813,883 $1,434,059
2021 $4,910,160 $4,722,293 $13,313,773 $187,867
2020 $3,746,420 $4,649,759 $12,627,744 $-903,339
2019 $5,594,604 $5,713,336 $15,058,617 $-118,732
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