MID-AMERICA REFORMED SEMINARY (EIN 421164750) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

REV TODD JOLING

Phone

2198642400

Tax Period

2023-07-01 to 2024-06-30

MID-AMERICA REFORMED SEMINARY, founded in 1981, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 32% operating margin.

Mission

TO PREPARE STUDENTS FOR THE MINISTRY OF THE GOSPEL IN REFORMED AND PRESBYTERIAN CHURCHES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,572,301

Program Service Revenue $248,722

Investment Income $586,546

Other Revenue $11,014

TOTAL REVENUE $4,418,583

Expense Breakdown

Grants Paid $317,185

Salaries & Benefits $1,809,593

Fundraising Expenses $232,178

Program Expenses $2,057,386

Other Expenses $899,258

TOTAL EXPENSES $3,026,036

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,418,583	$3,755,000	+0.2%
Expenses	$3,026,036	$2,880,953	+0.1%
Net Income	$1,392,547	$874,047	+0.6%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

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

$170,608

Total Directors

$170,608

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR CORNELIS P VENEMA	PRESIDENT	1.00	Officer Director	$151,971	$18,637	$170,608
REV TODD JOLING	PRESIDENT	0.00	Officer Director	$0	$0	$0
REV PAUL MURPHY	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
BRYAN HOLSTROCM	TREASURER	0.00	Officer Director	$0	$0	$0
DR EDWIN KREYKES	SECRETARY	0.00	Officer Director	$0	$0	$0
REV VALENTIN ALPUCHE	DIRECTOR	0.00	Director	$0	$0	$0
TIM BEEZHOLD	DIRECTOR	0.00	Director	$0	$0	$0
JOHN BOEKESTYN	DIRECTOR	0.00	Director	$0	$0	$0
DR CAMDEN BUCEY	DIRECTOR	0.00	Director	$0	$0	$0
BOB CLAUSING	DIRECTOR	0.00	Director	$0	$0	$0
JEFF HUIZENGA	DIRECTOR	0.00	Director	$0	$0	$0
PAUL HUIZENGA	DIRECTOR	0.00	Director	$0	$0	$0
REV EDWARD MARCUSSE	DIRECTOR	0.00	Director	$0	$0	$0
REV BILL POLS	DIRECTOR	0.00	Director	$0	$0	$0
DR TIMOTHY SCHEUERS	DIRECTOR	0.00	Director	$0	$0	$0
DENIIS SCHREUR	DIRECTOR	0.00	Director	$0	$0	$0
HERB SINKE	DIRECTOR	0.00	Director	$0	$0	$0
REV HARRY ZEKVELD	DIRECTOR	0.00	Director	$0	$0	$0
REV RICHARD ZEKVELD	DIRECTOR	0.00	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	No data	No data	No data	No data
2024	$4,418,583	$3,026,036	$13,894,778	$1,392,547
2023	$3,755,000	$2,880,953	$11,083,474	$874,047
2022	$3,650,498	$2,569,235	$9,861,676	$1,081,263
2021	$3,153,033	$2,171,046	$9,916,012	$981,987
2020	$3,853,861	$2,051,084	$7,914,414	$1,802,777
2019	$2,436,331	$2,112,438	$6,266,498	$323,893

MID-AMERICA REFORMED SEMINARY