TYNDALE THEOLOGICAL SEMINARY INC F… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

Steve Meador

Phone

3124982401

Tax Period

2024-07-01 to 2025-06-30

TYNDALE THEOLOGICAL SEMINARY INC FKA TYNDALE INTERNATIONAL MISSION, founded in 1989, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 9% surplus.

Mission

Provide a quality master's level education to approximately 60 degree program students and 20 non-degree students

Program Service Accomplishments

Program 1

Expenses: $1,427,772 Revenue: $157,291

Tyndale Theological Seminary, Inc. exists to develop leaders who can be used by God to grow His Church at the local level of their home countries. Tyndale shares in the goal of evangelism and making disciples from all nations. Our part is to provide a unique opportunity for students from The Netherlands, Europe and throughout the world to come to Tyndale, be trained and equipped in the gospel of Jesus Christ, and then return home to their native lands to serve the local church as missionaries, church planters, pastors, Bible teachers and leaders. We believe in the ministry of the local church. Our degree and certificate programs are geared toward training up leaders for the local church. Since our beginning in 1985, students from 86 nations have joined us in community for this work. During our most recent academic year, students from 18 nations took classes at Tyndale.

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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 $1,667,309

Program Service Revenue $142,741

Investment Income $1,802

Other Revenue $14,550

TOTAL REVENUE $1,826,402

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,152,721

Fundraising Expenses $60,849

Program Expenses $1,427,772

Other Expenses $511,179

TOTAL EXPENSES $1,666,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,826,402	$1,380,706	+0.3%
Expenses	$1,666,094	$1,508,974	+0.1%
Net Income	$160,308	$-128,268	-2.2%

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

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

$280,595

Total Directors

$120,777

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gunnar Magi	President	40	Officer Director	$0	$120,777	$120,777
Derek Bass	Associate Professor	40	Highest	$0	$113,740	$113,740
C S Bene	Vice President of Academic Affairs	40	Officer	$0	$69,141	$69,141
Nenad Tunguz	Vice President of Operations and Administration	40	Officer	$0	$61,672	$61,672
Rob MacEwen	Academic Dean	40	Officer	$0	$29,005	$29,005
Steve Meador	Chairman - Board of Directors	3.35	Officer Director	$0	$0	$0
Hal Barge	Vice Chairman - Board of Directors	0.56	Officer Director	$0	$0	$0
Ad de Visser	Treasurer - Board of Directors	0.56	Officer Director	$0	$0	$0
Jim Vogler	Secretary - Board of Directors	0.85	Officer Director	$0	$0	$0
Edward Curtis	Director	0.44	Director	$0	$0	$0
Jonathan Dockery	Director	0.56	Director	$0	$0	$0
A Verner Nelson	Director	0.44	Director	$0	$0	$0
Cecil Stalnaker	Director	0.94	Director	$0	$0	$0
Brad Mullen	Director	0.88	Director	$0	$0	$0
Adrie van Belzen	Director	0.21	Director	$0	$0	$0
Jan Pranger	Director	0.40	Director	$0	$0	$0
Shanthini Baskaran	Director	0.56	Director	$0	$0	$0
Judy Gration-Kohl	Director	0.87	Director	$0	$0	$0
John Monson	Director	0.85	Director	$0	$0	$0
Steven Mulhern	Director	0.21	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	$1,826,402	$1,666,094	$1,959,255	$160,308
2024	$1,380,706	$1,508,974	$1,545,576	$-128,268
2023	$1,326,704	$1,327,377	$1,602,285	$-673
2022	$1,350,538	$1,397,323	$1,567,873	$-46,785
2021	$1,569,850	$1,608,322	$1,837,824	$-38,472

TYNDALE THEOLOGICAL SEMINARY INC FKA TYNDALE INTERNATIONAL MISSION