CHRISTIAN WITNESS THEOLOGICAL SEMINARY (EIN 943109801) - 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

1973

Phone

4084332280

Tax Period

2024-01-01 to 2024-12-31

CHRISTIAN WITNESS THEOLOGICAL SEMINARY, founded in 1973, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 45% operating margin.

Mission

THE PRIMARY PURPOSE OF CWTS IS TO PREPARE COMMITTED AND COMPETENT MEN AND WOMEN FOR THE MINISTRY OF THE CHURCH OF JESUS CHRIST.

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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 $2,258,375

Program Service Revenue $771,454

Investment Income $672,534

Other Revenue $0

TOTAL REVENUE $3,702,363

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,133

Fundraising Expenses $1,452

Program Expenses $1,829,416

Other Expenses $1,944,460

TOTAL EXPENSES $2,033,593

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,702,363	$2,364,775	+0.6%
Expenses	$2,033,593	$1,860,739	+0.1%
Net Income	$1,668,770	$504,036	+2.3%

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

$89,133

Total Directors

$89,133

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUKE M TSAI	President	40.00	Officer Director	$89,133	$0	$89,133
JEFFREY S LU	Chairman	0.00	Director	$0	$0	$0
PATRICK AUYEUNG	BOARD MEMBER	0.00	Director	$0	$0	$0
HAIFENG CHEN	BOARD MEMBER	0.00	Director	$0	$0	$0
JIAN SHAN	BOARD MEMBER	0.00	Director	$0	$0	$0
LINK JAW	Treasurer	0.00	Officer Director	$0	$0	$0
JOHN CHEN	Vice Chairman	0.00	Director	$0	$0	$0
JOB LEE	Secretary	0.00	Director	$0	$0	$0
SHIRLEY SOONG	BOARD MEMBER	0.00	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
2024	$3,702,363	$2,033,593	$11,317,938	$1,668,770
2023	$2,364,775	$1,860,739	$9,691,556	$504,036
2022	$1,913,056	$1,762,442	$9,069,804	$150,614
2021	$2,206,699	$1,591,801	$9,237,868	$614,898
2020	$2,450,739	$1,499,311	$8,695,445	$951,428
2019	$1,538,307	$1,515,508	$7,661,343	$22,799
2018	$1,615,783	$1,453,487	$7,564,667	$162,296

CHRISTIAN WITNESS THEOLOGICAL SEMINARY