FOUNDATION FOR REFORMED THEOLOGY (EIN 562111985) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

MR G JACOB SAVAGE III

Phone

8043581150

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR REFORMED THEOLOGY, founded in 1982, is a small nonprofit in the Education sector that reported $276K in total revenue in fiscal year 2018. Revenue surged 40% from the prior year, signaling strong growth momentum. Net assets of $1.1M represent 50 months of operating reserves.

Mission

THE FOUNDATION PROMOTES THE STUDY AND APPLICATION OF REFORMED THEOLOGY FOR THE RENEWAL OF THE FAITH AND LIFE OF THE CHURCH, EXPECIALLY THROUGH BETTER PREACHING, TEACHING, AND PASTORAL CARE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $62,508

Program Service Revenue $0

Investment Income $42,472

Other Revenue $0

TOTAL REVENUE $104,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,882

Fundraising Expenses $0

Program Expenses $35,599

Other Expenses $49,623

TOTAL EXPENSES $59,505

Year-over-Year Comparison

	2023	2022	Change
Revenue	$104,980	$75,643	+0.4%
Expenses	$59,505	$67,258	-0.1%
Net Income	$45,475	$8,385	+4.4%

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
MR G JACOB SAVAGE III	PRESIDENT/TR	5.00	Officer Director	$0	$0	$0
MS CAROLINE H LEITH	FIRST VICE P	2.00	Officer Director	$0	$0	$0
DR T CHRISTIAN CURRIE	2ND VICE PRE	2.00	Officer Director	$0	$0	$0
MR ALAN WISDOM	SECRETARY	2.00	Officer Director	$0	$0	$0
MR W MCILWAINE THOMPSON JR	DIRECTOR	1.00	Director	$0	$0	$0
DR JERRY ANDREWS	DIRECTOR	1.00	Director	$0	$0	$0
DR JEFFREY C FRANCIS	DIRECTOR	1.00	Director	$0	$0	$0
DR JAMES C GOODLOE IV	DIRECTOR	1.00	Director	$0	$0	$0
MR TIM MEREDITH	DIRECTOR	1.00	Director	$0	$0	$0
MR JOHN M METZGER	DIRECTOR	1.00	Director	$0	$0	$0
DR THOMAS A MILLER	DIRECTOR	1.00	Director	$0	$0	$0
MR WILLIAM S MORRIS III	DIRECTOR	1.00	Director	$0	$0	$0
MR CLARK REMSBURG	DIRECTOR	1.00	Director	$0	$0	$0
MS JUDITH ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
DR SUSAN SHIMP	DIRECTOR	1.00	Director	$0	$0	$0
MR LORENZO SMALL	DIRERCTOR	1.00	Director	$0	$0	$0
DR ROBERT T TURNER	DIRECTOR	1.00	Director	$0	$0	$0
DR DAVID WOOD	DIRECTOR	1.00	Director	$0	$0	$0
DR RANDAL C WORKING	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$104,980	$59,505	$1,523,833	$45,475
2022	$75,643	$67,258	$1,294,398	$8,385
2021	$222,808	$74,761	$1,577,664	$148,047
2020	$186,847	$282,347	$1,316,526	$-95,500
2019	$237,269	$268,784	$1,286,614	$-31,515
2018	$276,210	$277,294	$1,142,907	$-1,084

FOUNDATION FOR REFORMED THEOLOGY