Jerusalem Seminary (EIN 823572011) - 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

2017

Legal Domicile

Phone

2815377110

Tax Period

2024-01-01 to 2024-12-31

Jerusalem Seminary, founded in 2017, is a small nonprofit in the Religion sector that reported $492K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $578K exceeded revenue, resulting in a 17% operating deficit.

Mission

Our vision is to make biblical education and ministry training in the Land of the Bible essential and transformative. Our mission is to equip and empower the global community of believers-both Christian and Messianic-to understand their faith in and through the Land of the Bible. We provide online courses in the Bible and Biblical Hebrew as well as in-person biblical courses in the Land of the Bible.

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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 $414,204

Program Service Revenue $78,227

Investment Income $-205

Other Revenue $0

TOTAL REVENUE $492,226

Expense Breakdown

Grants Paid $29,500

Salaries & Benefits $296,521

Fundraising Expenses $0

Program Expenses $578,030

Other Expenses $252,009

TOTAL EXPENSES $578,030

Year-over-Year Comparison

	2024	2023	Change
Revenue	$492,226	$444,675	+0.1%
Expenses	$578,030	$421,146	+0.4%
Net Income	$-85,804	$23,529	-4.6%

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

$55,440

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Baruch Brian Scott Kvasnica	Dir./President	40.00	Director	$21,000	$34,440	$55,440
Michael C Riddle	Board Chair	3.00	Director	$0	$0	$0
Robert Lewis Hirtzel JR	Director	1.00	Director	$0	$0	$0
Tracy Dean Hunt	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	$492,226	$578,030	$99,907	$-85,804
2023	$444,675	$421,146	$151,448	$23,529
2022	$331,486	$340,180	$145,307	$-8,694
2021	$182,025	$230,726	$152,771	$-48,701
2020	$81,028	$140,388	$185,453	$-59,360
2018	$323,173	$37,576	$289,657	$285,597

Jerusalem Seminary