PRESBYTERIAN COLLEGE REAL ESTATE FOUNDATION (EIN 571021641) - 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

1994

Legal Domicile

Principal Officer

STEVE SMITH

Phone

8648338477

Tax Period

2024-07-01 to 2025-06-30

PRESBYTERIAN COLLEGE REAL ESTATE FOUNDATION, founded in 1994, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Expenses of $3.1M exceeded revenue, resulting in a 27% operating deficit.

Mission

TO ASSIST THE COLLEGE IN ITS MODELED GROWTH BY ACQUIRING CERTAIN ASSETS AND OBLIGATIONS OF THE COLLEGE AND EXECUTING A CONSTRUCTION AND RENOVATION PLAN THE COLLEGE DEVELOPED FOR ITS PLANNED GROWTH.

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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 $36,000

Program Service Revenue $2,443,200

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,479,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,019,839

Other Expenses $3,139,195

TOTAL EXPENSES $3,139,195

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,479,200	$2,443,200	+0.0%
Expenses	$3,139,195	$3,785,469	-0.2%
Net Income	$-659,995	$-1,342,269	-0.5%

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

N/A

Volunteers

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
BRAD SPEARMAN	DIRECTOR	0.50	Director	$0	$0	$0
STAN REID	DIRECTOR (PART YEAR)	0.50	Director	$0	$0	$0
JOHN INMAN	DIRECTOR	0.50	Director	$0	$0	$0
WES NALLEY	DIRECTOR	0.50	Director	$0	$0	$0
JOHN JESELNIK	DIRECTOR	0.50	Director	$0	$0	$0
HOLBROOK RAYNAL	DIRECTOR	0.50	Director	$0	$0	$0
STEVE SMITH	DIRECTOR	0.50	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
2025	$2,479,200	$3,139,195	$50,437,406	$-659,995
2024	$2,443,200	$3,785,469	$52,489,985	$-1,342,269
2023	$3,018,484	$3,491,821	$55,023,149	$-473,337
2022	$2,962,600	$3,678,995	$56,659,898	$-716,395
2021	$783,329	$2,962,428	$58,616,253	$-2,179,099
2020	No data	$2,782,854	$57,663,088	No data
2019	$6,412,171	$1,544,860	$49,206,249	$4,867,311

PRESBYTERIAN COLLEGE REAL ESTATE FOUNDATION