FOUNDRY TRAINING GROUP

EIN: 862914694 501(c)(3) Religion

Grand Rapids, MI

Total Revenue
$273,768
Total Expenses
$285,759
Total Assets
$36,230
Net Assets
$34,447
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
MI
Principal Officer
Sarah Behm
Phone
6167992083
Tax Period
2023-07-01 to 2024-06-30

FOUNDRY TRAINING GROUP, founded in 2021, is a small nonprofit in the Religion sector that reported $274K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

To strengthen and support church leaders at every level with biblical and practical training. The Foundry provides a variety of learning communities for pastors, ministry staff, lay leaders, and others in or exploring ministry.

Program Service Accomplishments

Program 1
Expenses: $126,069 Revenue: $82,000

Institute of Ministry Leadership - The Foundry offers seminary-level training on site and packaged in a sustainable rhythm. Our church-centered model focuses on ministry-related outcomes in...

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Institute of Ministry Leadership - The Foundry offers seminary-level training on site and packaged in a sustainable rhythm. Our church-centered model focuses on ministry-related outcomes in participants' current ministry context, connecting course learning with the real-life ministry happening in the local church. For FY2023, The Foundry continued the 2-year course cycle in Kalamazoo, MI and in Zeeland, MI and contracted with two new learning communities in Grand Rapids, MI that start at the beginning of FY2023. Cohorts range in size from 10 to 30 participants, drawing from at four to eight different churches each.

Program 2
Expenses: $3,926 Revenue: $2,500

Ministry Formation Cohort - The Foundry's ministry formation cohorts focus on equipping leaders for ministry in a way that is church-centered and learns in community. Our ministry formation cohorts...

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Ministry Formation Cohort - The Foundry's ministry formation cohorts focus on equipping leaders for ministry in a way that is church-centered and learns in community. Our ministry formation cohorts are for those who are actively serving in some capacity in their church or ministry context, whether as pastors, staff leaders, or lay leaders interested in being further equipped for ministry. This fiscal year, the Foundry offered a learning cohort for 4 months with 5 participants growing in character and skill.

Program 3
Expenses: $7,546 Revenue: $7,250

Customized Workshops and Training - The Foundry offers workshops where leaders and congregations can be trained in a variety of areas, including biblical and theological training, spiritual...

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Customized Workshops and Training - The Foundry offers workshops where leaders and congregations can be trained in a variety of areas, including biblical and theological training, spiritual formation, and church leadership. This year, The Foundry worked with several churches and ministries to provide them with training on specific topics. These varied in format, with some being weekend workshops, multiple days in one week, or multiple times over the course of several months.

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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 (2023)

Revenue Breakdown

Contributions & Grants $171,949
Program Service Revenue $101,819
Investment Income $0
Other Revenue $0
TOTAL REVENUE $273,768

Expense Breakdown

Grants Paid $400
Salaries & Benefits $236,633
Fundraising Expenses $37,133
Program Expenses $149,467
Other Expenses $48,726
TOTAL EXPENSES $285,759

Year-over-Year Comparison

2023 2022 Change
Revenue $273,768 $249,971 +0.1%
Expenses $285,759 $259,673 +0.1%
Net Income $-11,991 $-9,702 +0.2%
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

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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
3
Independent Members
3
Employees
3
Volunteers
6

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
3
$219,178
Total Directors
3
$219,178
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Branson Parler Director of Theological Education 40
Officer Director
$57,896 $20,728 $94,624
Jeff Fisher Director of Spiritual Formation 40
Officer Director
$47,974 $30,650 $80,874
Sarah Behm Director of Operations, President 40
Officer Director
$43,680 $0 $43,680
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 $273,768 $285,759 $36,230 $-11,991
2023 $249,971 $259,673 $47,093 $-9,702
2022 $237,014 $237,694 $58,590 $-680
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