TRIANGLE SCHOOL OF THEOLOGY INC

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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

2021

Legal Domicile

Principal Officer

Reginald High

Phone

9195721625

Tax Period

2021-07-01 to 2022-06-30

TRIANGLE SCHOOL OF THEOLOGY INC, founded in 2021, is a micro nonprofit in the Education sector that reported $17K in total revenue in fiscal year 2021. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $583K exceeded revenue, resulting in a 3298% operating deficit.

Mission

The Organizations' Mission Is To Provide Quality And Affordable Theological Education Using Various Modalities Of Teaching And Learning At The Graduate Level To Prepare Clergy And Laity For Training, Vocation, And Service In Churches And Christian Ministry, And The Community To Serve The Global Community.

Program Service Accomplishments

Program 1

Expenses: $192,664 Revenue: $17,158

The School Provides Quality And Affordable Theological Education Preparing Clergy And Laity For Training, Vocation, And Service In Churches, Christian Ministry, And The Community.

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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 (2021)

Revenue Breakdown

Contributions & Grants $4,525

Program Service Revenue $7,860

Investment Income $0

Other Revenue $4,773

TOTAL REVENUE $17,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $407,820

Fundraising Expenses $0

Program Expenses $192,664

Other Expenses $175,206

TOTAL EXPENSES $583,026

Year-over-Year Comparison

	2021	2020	Change
Revenue	$17,158	$1,588,395	-1.0%
Expenses	$583,026	$863,420	-0.3%
Net Income	$-565,868	$724,975	-1.8%

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

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

$41,544

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Reginald High	President	30	Officer	$41,544	$0	$41,544
Michelle Outlaw	Trustee	2	Director	$0	$0	$0
Larry Wilson	Trustee	2	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
2022	$17,158	$583,026	$172,055	$-565,868
2021	$1,588,395	$863,420	$737,923	$724,975