ASSOCIATION OF BOARDS IN THEOLOGIC… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

AMY KARDASH

Phone

3026547770

Tax Period

2024-01-01 to 2024-12-31

ASSOCIATION OF BOARDS IN THEOLOGICAL EDUCATION, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $670K in total revenue in fiscal year 2024. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $3.2M exceeded revenue, resulting in a 385% operating deficit.

Mission

THE IN TRUST CENTER FOR THEOLOGICAL SCHOOL'S MISSION IS TO STRENGTHEN THEOLOGICAL SCHOOLS BY CONNECTING THEIR LEADERS TO ESSENTIAL RESOURCES FOR MISSION VITALITY.

Program Service Accomplishments

Program 1

Expenses: $869,853 Revenue: $4,256

MAGAZINE: IN TRUST MAGAZINE IS OUR QUARTERLY PUBLICATION WHICH BEGAN IN 1988. IT IS FOR THOSE WHO GOVERN, LEAD, AND TEACH AT THEOLOGIAL SCHOOLS, INCLUDING ADMINISTRATORS, BOARD MEMBERS, AND FACULTY, TO HELP PROVIDE EFFECTIVE LEADERSHIP. IN TRUST MAGAZINE PROVIDES ACCESS TO CRITICAL INFROMATION ABOUT PEER INSTITUTIONS AND THE BROADER FIELD OF THEOLOGICAL EDUCATION. ADDITIONAL RESOURCES ARE AVAILABLE VIA OUR NEWSLETTER AND WEBSITE AT WWW.INTRUST.ORG, WHICH PROVIDES ACCESS TO CURRENT AND PAST ISSUES OF THE MAGAZINE, RESOURCE TEMPLATES AND GUIDES, BLOG POSTS, AND INFORMATION ABOUT ALL OF OUR PROGRAMS AND INITIATIVES.MEMBERSHIP AND AFFILIATION: THE IN TRUST CENTER'S MEMBER AND AFFILIATE INSTITUTIONS RECEIVE MAGAZINE SUBSCRIPTIONS FOR THEIR BOARDS, SENIOR ADMINISTRATORS, FACULTY LEADERS, AND LIBRARIES; FULL ACCESS TO ONLINE MAGAZINE ARCHIVES; AND DISCOUNTED FEES FOR WEBINARS. THERE WERE 206 MEMBER AND AFFILIATE INSTITUTIONS OF THE IN TRUST CENTER FOR THE 2023 MEMBERSHIP YEAR. VOTING MEMBERS, A SUBSET OF THE OVERALL MEMBERSHIP, ELECT CANDIDATES TO THE IN TRUST CENTER BOARD OF DIRECTORS. VOTING MEMBERS MUST BE EDUCATIONAL INSTITUTIONS ACCREDITED BY AN AGENCY APPROVED BY THE COUNCIL FOR HIGHER EDUCATION ACCREDITATION. IN ADDITION, THEY MUST HAVE PAID MEMBERSHIP DUES BY SEPTEMBER 30TH, THEY MUST HAVE A MISSION OF EDUCATION OR FORMING STUDENTS FOR CHRISTIAN MINISTRY OR SCHOLARSHIP, AND THEY MUST BE CHURCH AFFILIATED OR RECOGNIZED BY THE U.S. INTERNAL REVENUE SERVICE OR REVENUE CANADA AS NON-PROFIT ORGANIZATIONS.

Program 2

Expenses: $226,048

LEARNING COMMUNITIES: THE IN TRUST CENTER CONNECTS OUR MEMBER SCHOOLS TO EXPERTS IN KEY AREAS OF THEOLOGICAL EDUCATION THROUGH WEBINARS, FACILITATED CONVERSATIONS, AND PODCASTS. OUR WEBINARS ARE...

LEARNING COMMUNITIES: THE IN TRUST CENTER CONNECTS OUR MEMBER SCHOOLS TO EXPERTS IN KEY AREAS OF THEOLOGICAL EDUCATION THROUGH WEBINARS, FACILITATED CONVERSATIONS, AND PODCASTS. OUR WEBINARS ARE INTERACTIVE PRESENTATIONS, LIVE OR RECORDED, USING BOTH AUDIO AND VIDEO THAT FEATURE CAREFULLY SELECTED CONTENT DELIVERED BY EXPERTS IN VARIOUS FIELDS - FOR EXAMPLE, FUNDRAISING, GOVERNANCE, AND LEADERSHIP. EACH IN TRUST CENTER WEBINAR INCLUDES TIME FOR INTERACTIVE QUESTIONS AND ANSWERS. OUR FACILITATED CONVERSATION SPACES OFFER OPPORTUNITIES FOR PEER ENGAGEMENT AROUND TIMELY TOPICS AND ISSUES WITHIN SMALL GROUPS. THE CENTER ALSO ENGAGES OUR MEMBERSHIP VIA MEMBER SURVEYS TO UNDERSTAND MEMBERS EXPERIENCES, ISSUES, AND INTEREST IN KEY AREAS. WE ALSO CREATE AND RECORD PODCASTS FOR OUR MEMBER SCHOOLS, WHICH INCLUDE INFORMATION ON NUMEROUS TOPICS. WE INVITE LISTENERS INTO INTERVIEWS AND CONVERSTIONS WITH COLLEAGUES, CONSULTANTS, AND LEADERS IN THE FIELD IN A COST-EFFECTIVE WAY FOR THEM TO CONNECT WITH WISDOM, ISSUES, AND TRENDS IN THE FIELD.

Program 3

Expenses: $1,760,370

RESOURCE CONSULTING: THE IN TRUST CENTER FOR THEOLOGICAL SCHOOLS IS COMMITTED TO WALKING ALONGSIDE OUR MEMBER SCHOOLS AS THEY FOCUS ON ACHIEVING THEIR MISSION. WE PROVIDE INDIVIDUALIZED SUPPORT...

RESOURCE CONSULTING: THE IN TRUST CENTER FOR THEOLOGICAL SCHOOLS IS COMMITTED TO WALKING ALONGSIDE OUR MEMBER SCHOOLS AS THEY FOCUS ON ACHIEVING THEIR MISSION. WE PROVIDE INDIVIDUALIZED SUPPORT THROUGH RESOURCE CONSULTING. RESOURCE CONSULTING IS BASED ON A WELL-ESTABLISHED LEARNING MODEL OF INSTITUTIONAL CHANGE: SUSTAINED AND EFFECTIVE ORGANIZATIONAL LEARNING COMES WHEN AN INSTITUTION AUGMENTS ITS OWN ASSETS AND CREATIVITY WITH APPROPRIATE EXTERNAL RESOURCES. COMBINING INTERNAL ASSETS WITH EXTERNAL RESOURCES LIKE KNOWLEDGE, TOOLS, AND TALENT EMPOWERS LEADERS TO ADDRESS CHALLENGES AND TAKE ADVANTAGE OF OPPORTUNITIES. TWO INITIATIVES THAT FALL UNDER THIS PROGRAM ARE: 1. RESOURCE GRANTS - AN IN TRUST CENTER RESOURCE GRANT IS A DOLLAR-FOR-DOLLAR MATCHING GRANT OF UP TO $15,000 THAT IS INTENDED TO ADDRESS A PARTICULAR INNOVATIVE CHALLENGE OR OPPORTUNITY WITHIN AN INSTITUTION. THE IN TRUST CENTER HOPES THAT THROUGH A RESOURCE GRANT, A MEMBER SCHOOL WILL ENGAGE AN OUTSIDE RESOURCE THAT ALLOWS THEM TO SUPPORT THEIR WORK AND FURTHER THEIR SCHOOL'S MISSION. ALL MEMBER SCHOOLS OF THE IN TRUST CENTER ARE ELIGIBLE TO APPLY FOR A RESOURCE GRANT; HOWEVER, SCHOOLS MAY NOT APPLY FOR A GRANT THE SUBSEQUENT YEAR AFTER RECEIVING ONE. SCHOOLS MUST ALSO SHOW HOW THEY ARE PROVIDING MATCHING FUNDS.2. THE WISE STEWARDS INITIATIVE FOCUSES ON BUILDING BOARD CAPACITY FOR BETTER INSTITUTIONAL GOVERNANCE. THE CURRICULUM, RESOURCES, AND FORMAT OF THE THREE-YEAR PROJECT HAVE BEEN DESIGNED ESPECIALLY FOR EXECUTIVE LEADERSHIP AND GOVERNING BOARDS OF THEOLOGICAL SCHOOLS BY EXPERIENCED EDUCATORS, ADMINISTRATORS, AND CONSULTANTS, ALL OF WHOM HAVE FIRSTHAND KNOWLEDGE OF GRADUATE THEOLOGICAL EDUCATION. PARTICIPATING SCHOOLS RECEIVE PRACTICAL INSIGHTS, WISE PRACTICES, TOOLS, AND STRATEGIES FOR INSPIRING AND EDUCATING CURRENT AND FUTURE BOARD MEMBERS. THE PROGRAM CONTENT IS ORGANIZED AROUND FOUR AREAS:O CREATING SPACE FOR INNOVATION, LEADING CHANGE, AND MAXIMIZING POTENTAIL.O REIMAGINING GOVERNANCE AS A FORCE FOR CHANGE.O THE PRESIDENT/BOARD PARTNERSHIP IN INSTITUTIONAL RENEWAL.O ROLES AND RESPONSIBILITIES OF BOARDS OF THEOLOGICAL SCHOOLS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $193,010

Program Service Revenue $4,256

Investment Income $472,625

Other Revenue $0

TOTAL REVENUE $669,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,222,877

Fundraising Expenses $70,545

Program Expenses $2,856,271

Other Expenses $2,024,368

TOTAL EXPENSES $3,247,245

Year-over-Year Comparison

	2024	2023	Change
Revenue	$669,891	$4,628,866	-0.9%
Expenses	$3,247,245	$2,925,723	+0.1%
Net Income	$-2,577,354	$1,703,143	-2.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$296,604

Total Directors