REDEMPTION SEMINARY INC (EIN 832816458) - 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

2018

Legal Domicile

Principal Officer

JOHN SCHWANDT

Phone

5094324355

Tax Period

2023-01-01 to 2023-12-31

REDEMPTION SEMINARY INC, founded in 2018, is a small nonprofit in the Education sector that reported $607K in total revenue in fiscal year 2023. Revenue surged 93% from the prior year, signaling strong growth momentum. Expenses of $520K left a modest 14% surplus.

Mission

TO HELP CHRISTIANS GROW IN THE GRACE AND KNOWLEDGE OF JESUS CHRIST THROUGH QUALITY EDUCATION.

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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 $340,843

Program Service Revenue $265,890

Investment Income $0

Other Revenue $0

TOTAL REVENUE $606,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $368,889

Fundraising Expenses $0

Program Expenses $411,884

Other Expenses $150,735

TOTAL EXPENSES $519,624

Year-over-Year Comparison

	2023	2022	Change
Revenue	$606,733	$314,585	+0.9%
Expenses	$519,624	$449,529	+0.2%
Net Income	$87,109	$-134,944	-1.6%

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

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

$289,397

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SCHWANDT	PRESIDENT	40.00	Officer	$164,797	$19,800	$184,597
JOEL WINGO	ACADEMIC DEAN (CAO)	40.00	Officer	$85,000	$19,800	$104,800
JOHN HUGHES	CFO	40.00	Officer	$0	$0	$0
CHAD BARRETT	DIRECTOR	0.50	Director	$0	$0	$0
MARK CHESTNUT	DIRECTOR	0.50	Director	$0	$0	$0
MARLIN DETWEILER	DIRECTOR	0.50	Director	$0	$0	$0
BILL NIENHUIS	DIRECTOR	0.50	Director	$0	$0	$0
DALE PRITCHETT	DIRECTOR	0.50	Director	$0	$0	$0
RANDY ROBERTS	DIRECTOR	0.50	Director	$0	$0	$0
ANDY SKIPTON	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH WILLIAMS	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
2024	No data	No data	No data	No data
2023	$606,733	$519,624	$385,087	$87,109
2022	$314,585	$449,529	$330,529	$-134,944
2021	$391,199	$340,241	$518,615	$50,958
2020	$378,224	$240,695	$499,473	$137,529

REDEMPTION SEMINARY INC