GALILEAN THEOLOGICAL CENTER

EIN: 834400020 501(c)(3) Religion

Cleveland, OH

Total Revenue
$201,550
Total Expenses
$204,753
Total Assets
$208,882
Net Assets
$208,882
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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
2007
Legal Domicile
OH
Principal Officer
Felix Muniz
Phone
2164088802
Tax Period
2024-01-01 to 2024-12-31

GALILEAN THEOLOGICAL CENTER, founded in 2007, is a small nonprofit in the Religion sector that reported $202K in total revenue in fiscal year 2024.

Mission

GTC is a 501c3 nonprofit organization that provides introductory theological education and job readiness skills to individuals interested in ministry. This is a two year ministerial program that allows individuals to continue graduate studies as bachelors exempt students at Ashland theological Seminary. We served over 200 students (estimate) a year.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $201,550
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $201,550

Expense Breakdown

Grants Paid $0
Salaries & Benefits $89,640
Fundraising Expenses $0
Program Expenses $204,753
Other Expenses $115,113
TOTAL EXPENSES $204,753

Year-over-Year Comparison

2024 2023 Change
Revenue $201,550 N/A N/A
Expenses $204,753 N/A N/A
Net Income $-3,203 $0 N/A
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

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Governance

Voting Members
4
Independent Members
N/A
Employees
3
Volunteers
N/A

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
1
$42,000
Total Directors
3
$0
Key Employees
1
$42,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Felix Muniz President 40
Officer Key Emp Highest
$42,000 $0 $42,000
Jimmy Rivera Vice President 1
Director
$0 $0 $0
Maria Colon Treasurer 1
Director
$0 $0 $0
Carmen Gonzalez Secretary 1
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 $201,550 $204,753 $208,882 $-3,203
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