SEMINARY FOR THE THIRD MILLENNIUM

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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

2018

Legal Domicile

Principal Officer

Gregory R Perry

Phone

4077554970

Tax Period

2023-07-01 to 2024-06-30

SEMINARY FOR THE THIRD MILLENNIUM, founded in 2018, is a small nonprofit in the Education sector that reported $203K in total revenue in fiscal year 2023.

Mission

Thirdmill Seminary provides affordable access to a multilingual, globally resourced, theological education so Christian leaders can study Scripture deeply and communicate its teachings clearly where they serve Christ and his Church.

Program Service Accomplishments

Program 1

Expenses: $94,633 Revenue: $187,149

Dedicated to providing seminary education through quality graduate degree programs via distance learning in English and Spanish.

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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 (2023)

Revenue Breakdown

Contributions & Grants $180,476

Program Service Revenue $22,850

Investment Income $0

Other Revenue $0

TOTAL REVENUE $203,326

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,753

Fundraising Expenses $0

Program Expenses $94,633

Other Expenses $189,737

TOTAL EXPENSES $209,490

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,326	$200,165	+0.0%
Expenses	$209,490	$217,856	0.0%
Net Income	$-6,164	$-17,691	-0.7%

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

$142,042

Total Directors

Key Employees

$82,210

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Pratt	Secretary	0	Officer	$0	$71,021	$142,042
Gregory Perry	President	20.0	Key Emp Highest	$0	$29,530	$82,210
Will Savell	Board Chair	1.00	Officer Director	$0	$0	$0
Mark Hill	Director	1.00	Director	$0	$0	$0
Edward Norton	Treasurer	1.00	Officer 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	No data	No data	No data	No data
2024	$203,326	$209,490	$36,094	$-6,164
2023	$200,165	$217,856	$41,099	$-17,691
2022	$191,197	$151,388	$58,287	$39,809
2021	$151,629	$132,952	$25,223	$18,677
2020	$124,701	$105,850	$4,516	$18,851
2019	$113,331	$130,698	$7,156	$-17,367