ASSOCIATION OF THEOLOGICAL SCHOOLS

EIN: 562476876 501(c)(3) Education

Pittsburgh, PA

Total Revenue
$14,584,370
Total Expenses
$14,240,491
Total Assets
$71,683,669
Net Assets
$71,052,074
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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
2004
Legal Domicile
PA
Principal Officer
Frank Yamada
Phone
4127886505
Tax Period
2024-07-01 to 2025-06-30

ASSOCIATION OF THEOLOGICAL SCHOOLS, founded in 2004, is a mid-sized nonprofit in the Education sector that reported $14.6M in total revenue in fiscal year 2024. Revenue surged 133% from the prior year, signaling strong growth momentum. Net assets of $71.1M represent 58 months of operating reserves.

Mission

The mission of the Association is to promote the improvement and enhancement of theological schools in the United States and Canada for the benefit of communities of faith and the broader public.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,646,066
Program Service Revenue $1,514,635
Investment Income $2,417,163
Other Revenue $6,506
TOTAL REVENUE $14,584,370

Expense Breakdown

Grants Paid $6,253,459
Salaries & Benefits $4,465,643
Fundraising Expenses $0
Program Expenses $13,691,447
Other Expenses $3,521,389
TOTAL EXPENSES $14,240,491

Year-over-Year Comparison

2024 2023 Change
Revenue $14,584,370 $6,246,678 +1.3%
Expenses $14,240,491 $7,879,060 +0.8%
Net Income $343,879 $-1,632,382 -1.2%
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

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Governance

Voting Members
21
Independent Members
21
Employees
32
Volunteers
200

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
7
$498,760
Total Directors
16
$0
Key Employees
1
$293,300
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Frank Yamada Executive Director 40
Officer Key Emp
$293,300 $0 $293,300
Chris Meinzer Assistant Treasurer & COO 40
Officer
$205,460 $0 $205,460
Barbara Mutch Senior Director of Accreditation 40
Highest
$182,000 $0 $182,000
Lester Ruiz Director of Global Engagement 40
Highest
$152,060 $0 $152,060
Chris Olsztyn Director of Technology 40
Highest
$145,510 $0 $145,510
Jo Ann Deasy Director of Insitutional Initiatives 40
Highest
$139,660 $0 $139,660
Deborah Gin Director of Research 40
Highest
$136,348 $0 $136,348
Kent Anderson Board Member 2
Director
$0 $0 $0
Ekron Chen Board Member 2
Director
$0 $0 $0
Ann Garrido Board Member 2
Director
$0 $0 $0
Kenyatta Gilbert Board Member 2
Director
$0 $0 $0
Charisse Gillett Board Member 2
Director
$0 $0 $0
Terry LeBlanc Board Member 2
Director
$0 $0 $0
Frank Liu Board Member 2
Director
$0 $0 $0
Stephen Loughlin Board Member 2
Director
$0 $0 $0
Joy Mosley Board Member 2
Director
$0 $0 $0
Sujin Pak Board Member 2
Director
$0 $0 $0
Steven Schweitzer Board Member 2
Director
$0 $0 $0
Angela Sims Board Member 2
Director
$0 $0 $0
Kim Smolik Board Member 2
Director
$0 $0 $0
Todd Still Board Member 2
Director
$0 $0 $0
Jose Zuniga Board Member 2
Director
$0 $0 $0
Dwight Perry Board Member - CAO Rep 2
Director
$0 $0 $0
Mary McCormick Past President 2
Officer
$0 $0 $0
Margaret Mwenda President 2
Officer
$0 $0 $0
Javier Viera Vice President 2
Officer
$0 $0 $0
Nathan Helling Treasurer 2
Officer
$0 $0 $0
Anna Robbins Secretary 2
Officer
$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 $14,584,370 $14,240,491 $71,683,669 $343,879
2024 $6,246,678 $7,879,060 $68,645,238 $-1,632,382
2023 $23,610,116 $6,992,852 $67,466,265 $16,617,264
2022 $8,843,777 $5,639,969 $47,043,534 $3,203,808
2021 $5,697,156 $5,067,605 $50,473,168 $629,551
2020 $2,234,530 $4,959,905 $44,547,277 $-2,725,375
2019 $13,391,874 $4,621,226 $45,401,098 $8,770,648
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