Covenant Theological Seminary Foundation (EIN 431831635) - 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

1999

Legal Domicile

Principal Officer

Sam Graham

Phone

3144344044

Tax Period

2020-07-01 to 2021-06-30

Covenant Theological Seminary Foundation, founded in 1999, is a micro nonprofit in the Religion sector that reported $949 in total revenue in fiscal year 2020. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $3K exceeded revenue, resulting in a 216% operating deficit.

Mission

Provide Biblical stewardship and assistance to Covenant Theological Seminary.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $17

Other Revenue $932

TOTAL REVENUE $949

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,000

Other Expenses $0

TOTAL EXPENSES $3,000

Year-over-Year Comparison

	2020	2019	Change
Revenue	$949	$6,243	-0.8%
Expenses	$3,000	$3,850	-0.2%
Net Income	$-2,051	$2,393	-1.9%

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

$129,873

Total Directors

$348,924

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Dalbey	Board Member	1.00	Director	$0	$102,745	$219,051
John Ranheim	Secretary	1.00	Officer Director	$0	$31,520	$129,873
Sam Graham	Board Chair	1.00	Officer Director	$0	$0	$0
Steve Thompson	Board Vice Chair	1.00	Officer Director	$0	$0	$0
DeAnn Harris	Board Member	1.00	Director	$0	$0	$0
John Wade Miller	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
2021	$949	$3,000	$49,709	$-2,051
2020	$6,243	$3,850	$53,847	$2,393
2019	$4,472	$6,954	$52,993	$-2,482
2018	$2,346	$4,925	$57,785	$-2,579

Covenant Theological Seminary Foundation