WASHINGTON THEOLOGICAL CONSORTIUM

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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, a community of theological institutions of diverse Christian traditions, has as its mission: to embody and witness more perfectly, through its diverse membership, to the unity that is ours in Christ, so that all may believe; to provide an ecumenical context, within the region of the nation's capital, for equipping leaders to serve the mission and ministry of the Church in the world; to make known and provide the means for member institutions to share their rich theological and spiritual resources with students, faculties and laity; to seek a deeper appreciation of other world religions and to explore, in concert with members of those faiths, values we hold in common.

Program Service Accomplishments

Program 1

Expenses: $131,807 Revenue: $157,854

Outreach, publications, and public events - the Consortium prints and updates the websites for Theological course announcement book, library brochures, and books. The Consortium sponsors and programs...

Program 2

Expenses: $13,259 Revenue: $10,163

Faculty/student programs, convocations and meetings - the Consortium sponsors the annual faculty convocation and student orientation; area group meetings; unity week celebration,etc.

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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