WASHINGTON THEOLOGICAL CONSORTIUM (EIN 520907110) - 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

1971

Legal Domicile

Principal Officer

Rev Larry Golemon PhD

Phone

2028322675

Tax Period

2023-07-01 to 2024-06-30

WASHINGTON THEOLOGICAL CONSORTIUM, founded in 1971, is a small nonprofit in the Education sector that reported $208K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Net assets of $618K represent 36 months of operating reserves.

Mission

The Washington Theological Consortium is a community of Theological Schools of diverse Christian traditions-with partners in education, spirituality and interfaith dialogue-that supports ecumenical unity and interfaith understanding in four ways: By supporting ecumenical study and dialogue that explores the distinct theological traditions of the churches, analyzes barriers to Christian unity, and explores opportunities for shared public witness; By providing an ecumenical context for equipping clergy and laity to serve the mission and ministry of the Church in the world through diverse communities and in ways that witness to the unity that is ours in Christ; By providing member institutions the means of sharing their rich theological, spiritual, and practical resources by developing programs and services that are best done in collaboration, and which enrich the mission and programs of each member; By engaging in interreligious study and dialogue, with members of other faiths.

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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 (2023)

Revenue Breakdown

Contributions & Grants $22,294

Program Service Revenue $165,928

Investment Income $17,891

Other Revenue $2,089

TOTAL REVENUE $208,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,927

Fundraising Expenses $36,897

Program Expenses $145,066

Other Expenses $93,317

TOTAL EXPENSES $228,244

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,202	$246,221	-0.2%
Expenses	$228,244	$213,050	+0.1%
Net Income	$-20,042	$33,171	-1.6%

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

$85,015

Total Directors

$85,015

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rev Larry Golemon PhD	Executive director	40.00	Officer Director	$85,015	$0	$85,015
Keith Perkins	Chair	0.40	Director	$0	$0	$0
Robert Seiler Jr	Vice Chair	0.40	Director	$0	$0	$0
Sandra Collins	Trustee	0.20	Director	$0	$0	$0
David McAllister-Wilson	Trustee	0.20	Director	$0	$0	$0
E Gail Anderson Holness	Trustee	0.20	Director	$0	$0	$0
John Borelli	Trustee	0.20	Director	$0	$0	$0
John Guns	Trustee	0.20	Director	$0	$0	$0
Bruce Stewart	Trustee	0.20	Director	$0	$0	$0
Jack Figel	Trustee	0.20	Director	$0	$0	$0
Colin Donnelly	Trustee	0.20	Director	$0	$0	$0
Steve Petroff	Trustee	0.20	Director	$0	$0	$0
Scott Redd	Trustee	0.20	Director	$0	$0	$0
Ahmed Alwani	Trustee	0.20	Director	$0	$0	$0
Margaret Benefiel	Trustee	0.20	Director	$0	$0	$0
Bobby Duke	Trustee	0.20	Director	$0	$0	$0
Beverly J Goines	Trustee	0.20	Director	$0	$0	$0
Joseph Capizzi	Trustee	0.20	Director	$0	$0	$0
Kenyatta Gilbert	Trustee	0.20	Director	$0	$0	$0
Trenda P Jacocks	Trustee	0.20	Director	$0	$0	$0
Mike Park	Trustee	0.20	Director	$0	$0	$0
Amie M Carter	Trustee	0.20	Director	$0	$0	$0
R Guy Erwin	Trustee	0.20	Director	$0	$0	$0
Thomas Petri	Trustee	0.20	Director	$0	$0	$0
Ken Pruitt	Trustee	0.20	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	$208,202	$228,244	$623,632	$-20,042
2023	$246,221	$213,050	$592,799	$33,171
2022	$247,533	$206,971	$545,231	$40,562
2021	$243,221	$203,542	$573,231	$39,679
2020	$236,480	$206,071	$447,970	$30,409
2019	$249,623	$226,359	$435,249	$23,264
2018	$230,978	$226,677	$411,526	$4,301
2018	$230,978	$222,553	$427,526	$8,425

WASHINGTON THEOLOGICAL CONSORTIUM