HEIDELBERG THEOLOGICAL SEMINARY (EIN 460462804) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

Dr Maynard Koerner

Phone

6055955850

Tax Period

2025-01-01 to 2025-12-31

HEIDELBERG THEOLOGICAL SEMINARY, founded in 2001, is a small nonprofit in the Education sector that reported $313K in total revenue in fiscal year 2020. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $277K left a modest 11% surplus.

Mission

Preparation of individuals for the Ministry of the Word who will serve as pastors and teachers in the Christian Church

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $512,024

Program Service Revenue $61,731

Investment Income $4,653

Other Revenue $0

TOTAL REVENUE $578,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $447,997

Fundraising Expenses $0

Program Expenses $545,035

Other Expenses $97,038

TOTAL EXPENSES $545,035

Year-over-Year Comparison

	2025	2024	Change
Revenue	$578,408	$632,776	-0.1%
Expenses	$545,035	$532,671	+0.0%
Net Income	$33,373	$100,105	-0.7%

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

Volunteers

N/A

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

$51,500

Total Directors

Key Employees

$301,183

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brent Tjeerdsma	Director	4.00	Officer	$0	$0	$0
Gary Maassen	Director	4.00	Officer	$0	$0	$0
Daniel Mettler	Director	4.00	Officer	$0	$0	$0
Tedd Griess	Chairman	4.00	Officer	$0	$0	$0
Adam Sturlaugson	Director	4.00	Officer	$0	$0	$0
Kim Postma	Faculty Assistant	40.00	Officer	$51,500	$0	$51,500
Dr JP Mosley	Academic Dean	40.00	Key Emp Highest	$35,883	$54,300	$90,183
Dr Maynard Koerner	President	40.00	Key Emp	$33,300	$49,950	$83,250
Douglas Schlegel	Registrar	40.00	Key Emp	$22,900	$23,850	$46,750
Dr Patrick Morgan	Director of International Studies	40.00	Key Emp	$32,400	$48,600	$81,000
Rev George Horner	Vice-Chairman	4.00	Officer	$0	$0	$0
Michael Burbach	Secretary	4.00	Officer	$0	$0	$0
Scott Velgersdyk	Treasurer	4.00	Officer	$0	$0	$0
Rev Randy Klynsma	Director	4.00	Officer	$0	$0	$0
Rev Vern Pollema	Director	4.00	Officer	$0	$0	$0
Tom Savage	Director	4.00	Officer	$0	$0	$0
John H Terpstra	Director	4.00	Officer	$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	$578,408	$545,035	$288,777	$33,373
2024	No data	No data	No data	No data
2023	$417,954	$492,309	$136,649	$-74,355
2022	$524,667	$391,045	$211,221	$133,622
2021	$267,024	$303,961	$77,411	$-36,937
2020	$312,739	$276,819	$114,477	$35,920

HEIDELBERG THEOLOGICAL SEMINARY