TRIANGLE SCHOOL OF THEOLOGY INC

EIN: 850505801 501(c)(3) Education

Durham, NC

Total Revenue
$17,158
Total Expenses
$583,026
Total Assets
$172,055
Net Assets
$172,055
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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
NC
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 Mission Is To Provide Quality And Affordable Theological 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%)

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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

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Governance

Voting Members
2
Independent Members
2
Employees
18
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
$41,544
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
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
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