FOUNDATION FOR THEOLOGICAL EDUCATI… - 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

1990

Legal Domicile

Principal Officer

EDMUND ROBB III

Phone

2812975900

Tax Period

2025-01-01 to 2025-12-31

FOUNDATION FOR THEOLOGICAL EDUCATION, founded in 1990, is a small nonprofit in the Religion sector that reported $310K in total revenue in fiscal year 2025. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $450K exceeded revenue, resulting in a 45% operating deficit.

Mission

A FOUNDATION FOR THEOLOGICAL EDUCATION IS COMMITTED TO STRENGTHEN THEOLOGICAL EDUCATION IN THE WESLEYAN TRADITION BY PREPARING A NEW GENERATION OF SCHOLARS FOR LEADERSHIP. IT IS OUR MISSION TO CREATE, SUPPORT AND NURTURE A FELLOWSHIP OF TRANSFORMATIONAL SCHOLARS COMMITTED TO RENEWAL IN THE CHURCH AND THE ADVANCEMENT OF THE KINGDOM OF GOD.

Program Service Accomplishments

Program 1

Expenses: $405,241 Revenue: $0

GENERAL PROGRAMS: A FOUNDATION FOR THEOLOGICAL EDUCATION INC. (AFTE) PROVIDES FINANCIAL SUPPORT FOR MEN AND WOMEN PURSUING DOCTORAL STUDIES. AFTE ALSO OFFERS GRANTS FOR INTERNATIONAL TEACHING...

GENERAL PROGRAMS: A FOUNDATION FOR THEOLOGICAL EDUCATION INC. (AFTE) PROVIDES FINANCIAL SUPPORT FOR MEN AND WOMEN PURSUING DOCTORAL STUDIES. AFTE ALSO OFFERS GRANTS FOR INTERNATIONAL TEACHING, COLLABORATIVE RESEARCH PROJECTS, AND TRAVEL.

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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 (2025)

Revenue Breakdown

Contributions & Grants $114,670

Program Service Revenue $0

Investment Income $195,783

Other Revenue $0

TOTAL REVENUE $310,453

Expense Breakdown

Grants Paid $303,011

Salaries & Benefits $20,000

Fundraising Expenses $12,712

Program Expenses $405,241

Other Expenses $126,722

TOTAL EXPENSES $449,733

Year-over-Year Comparison

	2025	2024	Change
Revenue	$310,453	$1,005,104	-0.7%
Expenses	$449,733	$491,815	-0.1%
Net Income	$-139,280	$513,289	-1.3%

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

$20,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR STEVEN MOORE	BOARD MEMBER	1	Director	$20,000	$0	$20,000
DR EDMUND W ROBB III	CHAIRMAN	2	Officer Director	$0	$0	$0
EDMUND ROBB IV	VICE CHAIRMAN	1	Officer Director	$0	$0	$0
ANTHONY LANNIE	SECRETARY	1	Officer Director	$0	$0	$0
RANDY BIRDWELL	TREASURER	0	Officer Director	$0	$0	$0
DR ANN SNYDER	BOARD MEMBER	0	Director	$0	$0	$0
DR THOMAS WARNER	BOARD MEMBER	0	Director	$0	$0	$0
GARY LAUGHARN	BOARD MEMBER	0	Director	$0	$0	$0
JOHN ELLIS	BOARD MEMBER	0	Director	$0	$0	$0
MARK SMITH	BOARD MEMBER	0	Director	$0	$0	$0
JEFF OLIVE	BOARD MEMBER	0	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	$310,453	$449,733	$6,590,572	$-139,280
2024	$1,005,104	$491,815	$6,050,388	$513,289
2023	$1,088,785	$220,560	$5,011,705	$868,225
2022	$340,116	$360,761	$3,952,650	$-20,645
2021	$509,837	$200,770	$4,016,113	$309,067
2020	$324,356	$272,402	$3,631,944	$51,954
2019	$971,490	$86,334	$3,551,384	$885,156
2018	$1,112,550	$149,520	$2,433,222	$963,030

FOUNDATION FOR THEOLOGICAL EDUCATION