FAITH EVANGELICAL LUTHERAN SEMINARY FAITH INTERNATIONAL UNIVERSITY

EIN: 911559533 501(c)(3) Education

TACOMA, WA

Total Revenue
$2,866,204
Total Expenses
$2,693,722
Total Assets
$4,409,957
Net Assets
$1,650,864
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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
1969
Legal Domicile
WA
Principal Officer
DR MICHAEL ADAMS
Phone
8887777675
Tax Period
2024-07-01 to 2025-06-30

FAITH EVANGELICAL LUTHERAN SEMINARY FAITH INTERNATIONAL UNIVERSITY, founded in 1969, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 6% surplus.

Mission

FAITH EVANGELICAL IS AN INSTITUTION OF UNDERGRADUATE AND THEOLOGICAL EDUCATION AND RESEARCH.

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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 $43,095
Program Service Revenue $2,823,088
Investment Income $21
Other Revenue $0
TOTAL REVENUE $2,866,204

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,543,860
Fundraising Expenses $0
Program Expenses $876,441
Other Expenses $1,149,862
TOTAL EXPENSES $2,693,722

Year-over-Year Comparison

2024 2023 Change
Revenue $2,866,204 $2,675,785 +0.1%
Expenses $2,693,722 $2,491,232 +0.1%
Net Income $172,482 $184,553 -0.1%
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
6
Independent Members
6
Employees
42
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
6
$319,018
Total Directors
6
$24,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN WHEELER FIU VICE PRE 40.00
Officer
$127,433 $0 $127,433
DR MICHAEL ADAMS FIU PRESIDEN 40.00
Officer
$101,333 $0 $101,333
KYU HYUN LEE FIU VICE PRE 40.00
Officer
$66,252 $0 $66,252
KARL ZETTERBERG PRESIDENT / 1.00
Officer Director
$24,000 $0 $24,000
JAMES ELMORE DIRECTOR 1.00
Director
$0 $0 $0
CRAIG MCELFRESH DIRECTOR 1.00
Director
$0 $0 $0
MARK REDAL TREASURER 1.00
Officer Director
$0 $0 $0
PAUL REDAL DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL STEWART DIRECTOR 1.00
Director
$0 $0 $0
JAMES TILLE ACADEMIC DEA 32.00
Officer
$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
2025 $2,866,204 $2,693,722 $4,409,957 $172,482
2024 $2,675,785 $2,491,232 $4,364,989 $184,553
2023 $2,355,756 $2,699,500 $4,416,351 $-343,744
2022 $2,825,469 $2,434,632 $4,947,688 $390,837
2021 $3,044,627 $2,645,070 $5,161,678 $399,557
2020 $2,274,068 $2,527,316 $4,865,913 $-253,248
2018 $2,392,290 $2,236,305 $5,853,389 $155,985
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