ASSOCIATION OF BOARDS IN THEOLOGICAL EDUCATION (EIN 521932054) - 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

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.

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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 $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

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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

$296,604

Total Directors

$296,604

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY KARDASH	PRESIDENT	40.00	Officer Director	$213,544	$63,560	$277,104
DR BYRON KLAUS	CHAIR	1.00	Officer Director	$19,500	$0	$19,500
REV DR ALTON B POLLARD III	BOARD MEMBER	1.00	Director	$0	$0	$0
PROF ANNE ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DR CHARISSE L GILLETT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RENE ESPINOSA	TREASURER	1.00	Officer Director	$0	$0	$0
KATHRYN GLOVER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR JEFFREY KUAN	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA MALONEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DR DORIS GARCIA RIVERA	BOARD MEMBER	1.00	Director	$0	$0	$0
DR LUIS R RIVERA	SECRETARY	1.00	Officer Director	$0	$0	$0
DR KAREN L SAWYER	BOARD MEMBER	1.00	Director	$0	$0	$0
REV DR RICHARD R TOPPING	BOARD MEMBER	1.00	Director	$0	$0	$0
DR JUL MEDENBLIK	BOARD MEMBER	1.00	Director	$0	$0	$0
BRYAN BLANKENSHIP	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW HUFFMAN	VP FOR COMMUNICATION	40.00	Highest	$137,378	$60,131	$197,509
GAIL CARLUCCI	VP FOR OPERATIONS	40.00	Highest	$120,448	$20,162	$140,610

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	$669,891	$3,247,245	$19,490,208	$-2,577,354
2023	$4,628,866	$2,925,723	$21,209,297	$1,703,143
2022	$8,702,442	$3,125,268	$17,793,731	$5,577,174
2021	$2,179,263	$2,634,011	$14,261,550	$-454,748
2020	$2,330,487	$2,155,719	$14,669,225	$174,768
2019	$608,139	$2,070,545	$12,898,642	$-1,462,406
2018	$7,861,094	$1,998,111	$13,173,787	$5,862,983

ASSOCIATION OF BOARDS IN THEOLOGICAL EDUCATION