REFORMED EVANGELICAL SEMINARY INC (EIN 923467534) - Form 990 Financial Analysis & Trantor Score

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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

2023

Legal Domicile

Principal Officer

BRIAN COGBILL

Phone

5032985464

Tax Period

2024-07-01 to 2025-06-30

REFORMED EVANGELICAL SEMINARY INC, founded in 2023, is a small nonprofit in the Religion sector that reported $199K in total revenue in fiscal year 2024.

Mission

TO ASSIST THE CHURCH IN EQUIPPING PASTORS AND LEADERS FOR ORTHODOXY AND ORTHOPRAXY ROOTED IN REFORMED CATHOLICITY BY PROVIDING ONLINE INSTRUCTION RIGHT WHERE OUR STUDENTS LIVE, WORK, WORSHIP, AND SERVE CHRISTS KINGDOM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $157,152

Program Service Revenue $31,182

Investment Income $10,502

Other Revenue $0

TOTAL REVENUE $198,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,222

Fundraising Expenses $0

Program Expenses $61,372

Other Expenses $61,982

TOTAL EXPENSES $196,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$198,836	$204,513	0.0%
Expenses	$196,204	$143,173	+0.4%
Net Income	$2,632	$61,340	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY BOOTH	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY VAN DEN BROEK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRIAN COGBILL	SECRETARY	1.00	Officer Director	$0	$0	$0
VIRGIL HURT	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE JEFFERY	EXECUTIVE CO	1.00	Officer Director	$0	$0	$0
SEBASTIAN SMOLARZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE THACKER	BOARD MEMBER	1.00	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
2025	$198,836	$196,204	$64,072	$2,632
2024	$204,513	$143,173	$61,440	$61,340

REFORMED EVANGELICAL SEMINARY INC