Primus University of Theology (EIN 473731895) - 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

2015

Legal Domicile

Phone

4809989980

Tax Period

2024-01-01 to 2024-12-31

Primus University of Theology, founded in 2015, is a small nonprofit in the Religion sector that reported $188K in total revenue in fiscal year 2024. Expenses of $221K exceeded revenue, resulting in a 18% operating deficit.

Mission

We provide Christian education via internet distant learning workshops and classroom and award earned degrees for those in ministry and related fields.

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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 (2024)

Revenue Breakdown

Contributions & Grants $187,987

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $187,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $221,022

Other Expenses $221,022

TOTAL EXPENSES $221,022

Year-over-Year Comparison

	2024	2023	Change
Revenue	$187,987	N/A	N/A
Expenses	$221,022	N/A	N/A
Net Income	$-33,035	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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen Drake	President	60.00	Officer	$0	$0	$0
John Corella	CFO	40.00	Key Emp	$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
2024	$187,987	$221,022	$39,279	$-33,035
2023	$263,224	$231,130	$72,760	$32,094
2022	$292,088	$264,586	$29,592	$27,502
2021	$266,259	$233,612	$21,546	$32,647
2020	$201,706	$202,920	$1,146	$-1,214
2019	$213,742	$213,213	$9,327	$529

Primus University of Theology