Civic Intelligence

Trinity Christian College Association

990 • Fiscal year 2018 • EIN 36-2387148

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

6601 West College DrivePalos Heights, IL 60463-1768

(708) 597-3000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.31x

Higher debt load relative to assets than 53% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

64th percentile

0.64x

Higher debt load relative to revenue than 64% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

32nd percentile

0.1%

Higher net margin than 32% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

36th percentile

$275,350

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

34th percentile

-0.3%

Faster asset growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

36th percentile

1.4%

Faster revenue growth than 36% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Assets

Down

$83,257,368

Down $277,702 (-0.3%) from 2017

Net Assets

Up

$57,709,320

Up $1,705,573 (+3.0%) from 2017

Liabilities

Down

$25,548,048

Down $1,983,275 (-7.2%) from 2017

Revenue

Up

$39,936,495

Up $545,661 (+1.4%) from 2017

Expenses

Up

$39,883,716

Up $1,235,949 (+3.2%) from 2017

Net Income

Down

$52,779

Down $690,288 (-93%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $75,540,858Liabilities 2010: $27,529,848Net Assets 2010: $48,011,0102010Assets 2011: $79,642,107Liabilities 2011: $29,076,875Net Assets 2011: $50,565,2322011Assets 2012: $82,052,621Liabilities 2012: $30,597,144Net Assets 2012: $51,455,4772012Assets 2013: $82,985,307Liabilities 2013: $28,154,055Net Assets 2013: $54,831,2522013Assets 2014: $83,630,373Liabilities 2014: $27,966,098Net Assets 2014: $55,664,2752014Assets 2015: $83,613,382Liabilities 2015: $28,468,500Net Assets 2015: $55,144,8822015Assets 2016: $82,874,939Liabilities 2016: $30,312,352Net Assets 2016: $52,562,5872016Assets 2017: $83,535,070Liabilities 2017: $27,531,323Net Assets 2017: $56,003,7472017Assets 2018: $83,257,368Liabilities 2018: $25,548,048Net Assets 2018: $57,709,3202018Assets 2019: $83,074,889Liabilities 2019: $26,537,150Net Assets 2019: $56,537,7392019Assets 2020: $83,939,338Liabilities 2020: $31,265,174Net Assets 2020: $52,674,1642020Assets 2021: $83,406,617Liabilities 2021: $25,799,227Net Assets 2021: $57,607,3902021Assets 2022: $79,639,010Liabilities 2022: $23,526,364Net Assets 2022: $56,112,6462022Assets 2023: $74,767,110Liabilities 2023: $24,991,973Net Assets 2023: $49,775,1372023Assets 2024: $72,284,919Liabilities 2024: $22,367,367Net Assets 2024: $49,917,5522024

Highlighted filing

2018

Assets$83,257,368
Liabilities$25,548,048
Net Assets$57,709,320

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $35,412,2722010Expenses 2011: $37,320,1442011Expenses 2012: $38,019,0992012Expenses 2013: $36,965,3472013Revenue 2014: $38,119,605Expenses 2014: $38,373,242Net Income 2014: -$253,6372014Revenue 2015: $39,412,871Expenses 2015: $39,734,187Net Income 2015: -$321,3162015Revenue 2016: $38,143,566Expenses 2016: $39,040,224Net Income 2016: -$896,6582016Revenue 2017: $39,390,834Expenses 2017: $38,647,767Net Income 2017: $743,0672017Revenue 2018: $39,936,495Expenses 2018: $39,883,716Net Income 2018: $52,7792018Revenue 2019: $39,580,834Expenses 2019: $40,583,799Net Income 2019: -$1,002,9652019Revenue 2020: $40,620,305Expenses 2020: $42,757,309Net Income 2020: -$2,137,0042020Revenue 2021: $41,632,054Expenses 2021: $42,462,822Net Income 2021: -$830,7682021Revenue 2022: $44,309,419Expenses 2022: $46,438,824Net Income 2022: -$2,129,4052022Revenue 2023: $41,866,296Expenses 2023: $49,050,976Net Income 2023: -$7,184,6802023Revenue 2024: $43,724,903Expenses 2024: $44,203,167Net Income 2024: -$478,2642024

Highlighted filing

2018

Revenue$39,936,495
Expenses$39,883,716
Net Income$52,779
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$40,960,891
Mission and Program Overview

Mission

Provide a biblically informed liberal arts education to undergraduate and graduate college students. We strive to offer the highest quality of instruction to prepare students for excellence in further study and careers beyond trinity. All programs are grounded on a core of foundational studies that address the enduring issues and questions of human experience and teach students to explore and apply the implications of a reformed world-and-life view to all areas of learning, living, and working.

Provide highest quality biblically informed liberal arts education to undergraduate and graduate college students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$59,488,041$57,781,694▼ $1,706,347
Investments in Publicly Traded Securities$9,883,642$9,834,262▼ $49,380
Savings and Temporary Cash Investments$5,631,595$9,782,787▲ $4,151,192
Pledges and Grants Receivable$1,286,930$1,674,598▲ $387,668
Other Notes and Loans Receivable, Net$912,257$872,451▼ $39,806
Investments Other Securities$2,087,886$823,087▼ $1,264,799
Cash and Non-Interest-Bearing Accounts$1,276,365$709,855▼ $566,510
Inventories for Sale or Use$324,963$294,560▼ $30,403
Prepaid Expenses and Deferred Charges$298,272$197,310▼ $100,962
Accounts Receivable$1,274,075$737▼ $1,273,338
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$83,535,070$83,257,368▼ $277,702
Other Assets Total$1,071,044$1,286,027▲ $214,983
Liabilities
Tax Exempt Bond Liabilities$18,682,758$18,271,577▼ $411,181
Other Liabilities$5,420,781$4,394,866▼ $1,025,915
Accounts Payable and Accrued Expenses$3,225,220$2,667,806▼ $557,414
Deferred Revenue$195,064$206,299▲ $11,235
Unsecured Notes Loans Payable$7,500$7,500→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$27,531,323$25,548,048▼ $1,983,275
Net Assets / Fund Balance
Unrestricted Net Assets$42,156,787$42,827,518▲ $670,731
Permanently Rstr Net Assets$8,709,942$8,879,439▲ $169,497
Temporarily Rstr Net Assets$5,137,018$6,002,363▲ $865,345
Total Net Assets Fund Balance$56,003,747$57,709,320▲ $1,705,573
Total Liabilities and Net Assets / Fund Balance$83,535,070$83,257,368▼ $277,702

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$50,892,802$33,710,857$84,603,659
Equipment$3,000,578$9,405,332$12,405,910
Other Land Buildings$1,544,793$1,907,818$3,452,611
Land$2,343,521-$2,343,521

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$10,751,611$150,352▲ $940,744-$11,418,730
2016$9,794,592$101,979▲ $1,262,411-$10,751,611
2015$9,727,659$326,738▲ $75,500-$9,794,592
2014$9,224,061$592,176▲ $230,939-$9,727,659
2013$7,570,100$847,258▲ $1,139,451-$9,224,061
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kurt DykstraPresidentFT$185,570$89,780$275,350
James BelstraVP for Finance & AdminFT$114,725$74,835$189,560
Aaron KeuckerProvostFT$128,537$25,542$154,079
Rick Van DykenV.p. DevelopmentFT$105,309$24,870$130,179

Board Members and Trustees

NameTitle
Justin CooperAcademic Affairs Chair
Robert BuikemaBoard Chair
Kevin KoemanChair of Marketing Admissions
Aaron OzingaChair Planning Committee
Paul BoiceBoard Vice Chair
Felicia ThompsonBoard Secretary
Bryan BandstraTrustee
Cal TamelingTrustee
Cindy KlingerTrustee
George Vande WerkenTrustee
H Brian PageTrustee
Henry DoornTrustee
Jamie StephensonTrustee
John DeboerTrustee
Jonathan MarcusTrustee
Kevin TorenTrustee
Kevin WalkerTrustee
Laura ZumdahlTrustee
Marjorie BoermanTrustee
Mary Lynn ColosimoTrustee
Matt Vander LaanTrustee
Scott KostelykTrustee
Zachary ThomsonTrustee
Steve Van DrunenTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mm Cleaning Services INCJanitoral700 E ELM AVENUE STE D, Lagrange, IL 60525$399,618
ProvinetIt Management Svcs18645 WEST CREEK DRIVE, Tinley Park, IL 60477$345,600
Clarence Davids CompanyGrounds Maintenance22901 S RIDGELAND AVE, Matteson, IL 60443$250,737
Amber Mechanical Contractors INCHvac Services11950 S CENTRAL AVE, Alsip, IL 60803$160,862
Ruffalo Noel LevitzRecruiting ServicesPO BOX 718, Des Moines, IA 50303$154,385
Revenue and Support

Revenue Composition

Contributions and Grants
$5,856,762
Program Service Revenue
$33,691,685
Investment Income
$325,928
Other Revenue
$62,120
All Other Contributions
$5,629,935
Change in Net Assets
$52,779

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded23$128,795Fair Market Value
Total Noncash Contributions23$128,795-

Audited Revenue Reconciliation

Revenue per Audited Statements
$29,046,369
Revenue Not Reported on Financial Statements
$10,890,126
Revenue Not Reported on Form 990
$2,164,122
Other Revenue Adjustments
$10,877,521
Total Revenue per Audited Statements
$31,210,491
Total Revenue per Form 990
$39,936,495
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,569,360
Other Expenses$13,436,835
Grants and Similar Amounts Paid$10,877,521
Total Fundraising Expense$881,510
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,680,487$1,044,453$453,432$12,178,372
Grants to Domestic Individuals$10,877,521--$10,877,521
Depreciation Depletion$3,276,952$128,279$24,695$3,429,926
Occupancy$2,166,707$330,774$10,797$2,508,278
Other Employee Benefits$1,767,962$283,999$66,092$2,118,053
Fees for Services Other$1,223,567$438,324$136,531$1,798,422
Interest$863,044$33,785$6,504$903,333
Office Expenses$805,054$46,163$25,135$876,352
Payroll Taxes$745,698$70,714$16,571$832,983
Travel$718,075$76,889$33,099$828,063
All Other Expenses$309,573$264,248$2,386$576,207
Current Officers, Directors, Trustees, and Key Employees$83,625$272,702$83,625$439,952
Advertising$126,913$89,099$4,164$220,176
Information Technology$135,225--$135,225
Insurance$126,779$4,834$548$132,161
Conferences and Meetings$54,995$9,234$3,388$67,617
Fees for Services Legal-$63,325-$63,325
Other Expenses$19,000$26,635$14,543$19,000
Fees for Service Investment Mgmnt Fees-$12,605-$12,605
Fees for Services Management-$7,323-$7,323
Total Functional Expenses$35,797,073$3,205,133$881,510$39,883,716

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$39,883,716
Total Expenses per Audited Statements$29,504,918
Expenses per Audited Statements$28,993,590
Expenses Not Reported on Financial Statements$10,890,126
Other Expense Adjustments$10,877,521
Expenses Not Reported on Form 990$511,328
International Activity

International Summary

Offices
1
Employees
7
Spending
$671,570

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)Program ServicesSemester Study Abroad17$671,570
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$55,572
Fundraising Direct Expenses$44,191
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Blue & White$40,000$34,720$561$34,159
Tac Golf$72,005$15,500$4,303$11,197
Total Events$125,097$55,572$44,191$11,381
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap$2,801,076
Government Advances Refundable$806,879
Student & Other Refundable Deposits$562,241
Capital Lease Obligations$161,274
Annuity and Unitrust Liabilities$63,396

Bond Issues

BondIssuerIssuedIssue PricePurpose
AVillage of Crestwood Cook County Illinois2010-12-28$24,025,000Refinance of the 12/21/2007 bond

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$21,025,633$20,825,633$2,555,000$200,000

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The governing body delegates broad authority to an executive committee to conduct all affairs of the governing body in between board meetings. The executive committee is composed of all board officers and committee chairs.

Form 990, Part VI, Section A, Line 2

Henry doorn jr, steve van drunen and george vande werken have a business relationship.

Form 990, Part VI, Section A, Line 6 & 7A

The college has one class of members. The members of the college have the right to nominate and elect those who will serve on the board of trustees. To be a member a person needs to subscribe to the purpose and basis of the college as set forth in its bylaws, be twenty-one years of age, and contribute annually a sum which shall be fixed from time to time by the board of trustees.

Form 990, Part VI, Section B, Line 11B

The college retains a cpa firm to prepare form 990 based on information provided by the college. After preparation by the cpa firm, the 990 is reviewed in detail by the controller, cfo and president and then with the finance & audit committee trustees. Before it is filed, the 990 is provided to all trustees.

Form 990, Part VI, Section B, Line 12C

The college annually distributes the conflict of interest policy to trustees and key employees and requires a response with signature. Responses are recorded. Potential conflicts are noted and brought to the attention of the officers of the board and the senior management team. Where potential conflicts exist, the trustee or employee is required to refrain from deliberation or decision regarding matters affected by the relationship.

Form 990, Part VI, Section B, Line 15A & 15B

For the president and cfo positions, the executive committee of the board annually evaluates performance against goals, reviews benchmark compensation and benefits data and decides upon any changes. The executive committee sets the compensation for both positions. The processes and decisions are recorded in meeting minutes.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Trinity Christian College Association
EIN
36-2387148
In Care Of
% MIKE TROCHUCK
Phone
7085973000
Address
6601 WEST COLLEGE DRIVE, PALOS HEIGHTS, IL 60463-1768

Signing Officer

Name
James S Belstra
Title
VP of Bus. & Finance
Phone
7082394700
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kurt D Dykstra
Formed
1956
Legal Domicile
Il
Voting Board Members
24
Independent Board Members
24
Employees
876
Volunteers
250

Preparer

Firm
Bkd Llp
Address
200 E Main St Suite 700, Fort Wayne, IN 46802
Preparer
Lauren R Denton
Phone
2604604000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Gain on interest rate swap agreement $925,224 change in value of annuities and trust $ 14,148 total $939,372

Financial Statement Notes

Schedule D, Part V, Line 4

The vast majority of the endowment supports the educational mission of the college by providing funds for scholarships. A small portion of endowment assets provide funds for other expenditures.

Asc 740 Footnote

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part XI, Line 2D

Change in value of annuities and trust $ 14,148 cost of goods sold $ 364,676 special event expenses $ 44,191 rental expenses $ 102,461 gain on interest rate swap agreement $ 925,224 total $ 1,450,700 schedule d, part xi, line 4b financial aid reclass $10,877,521 schedule d, part xii, line 2d cost of goods sold $ 364,676 special event expenses $ 44,191 rental expenses $ 102,461 total $ 511,328 schedule d, part xii, line 4b financial aid reclass $10,877,521

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IRS990/Desc0TRADITIONAL UNDERGRADUATE, ADULT STUDIES AND GRADUATE PROGRAMS: TRINITY OFFERS CLASSROOM INSTRUCTION, FIELD EXPERIENCE AND INTERNSHIPS, SERVICE-LEARNING, AND OTHER ACTIVITIES TO PROVIDE A FOUR-YEAR, LIBERAL ARTS EDUCATION IN 70+ PROGRAMS OF STUDY, INCLUDING, ART, BUSINESS, COMMUNICATIONS, EDUCATION, MATHEMATICS, NURSING, THEOLOGY, AND SCIENCE. SEVERAL PRE-PROFESSIONAL PROGRAMS ARE ALSO OFFERED, INCLUDING PRE-LAW AND PRE-MED. TRINITY OFFERS BOTH DOMESTIC AND INTERNATIONAL OFF CAMPUS PROGRAMS. TRINITY'S PROXIMITY TO DOWNTOWN CHICAGO PROVIDES ACCESS TO INTERNSHIPS, CULTURAL EXPERIENCES, AND CAREER AND SERVICE OPPORTUNITIES. THE CHICAGO SEMESTER PROGRAM ENABLES STUDENTS TO GAIN REAL-WORLD EXPERIENCE THROUGH LIVING AND WORKING IN THE CITY FOR AN ENTIRE SEMESTER. STUDENTS GAIN HANDS-ON LEARNING THROUGH THE GLOBAL OPPORTUNITIES TO STUDY ABROAD FOR A SEMESTER IN COUNTRIES WORLDWIDE. TRINITY'S ADULT STUDIES PROGRAM IS A NON-TRADITIONAL PROGRAM SERVING ADULTS AGE 23 AND OLDER AND OFFERING ACCELERATED DEGREE COMPLETION PROGRAMS IN BUSINESS AND EDUCATION AS WELL AS CERTIFICATION AND ENDORSEMENT PROGRAMS. GRADUATE STUDIES OFFERS MASTER'S DEGREES IN SELECT PROGRAMS. AUDIO-VISUAL AIDS TO INSTRUCTION, LIBRARY SERVICES FOR STUDENTS AND FOR RESEARCH, COMPUTER SERVICES FOR STUDENTS, AND THE ACADEMIC DEAN'S OFFICE THAT DEVELOPS CURRICULUMS AND MAINTAINS ACADEMIC EXCELLENCE FOR A CAMPUS OF AROUND 1,200.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$72.3$22.4$49.9$43.7$44.2$0.48
2023Detailed filing. Detailed filing data is available for this year.$74.8$25.0$49.8$41.9$49.1$7.18
2022Detailed filing. Detailed filing data is available for this year.$79.6$23.5$56.1$44.3$46.4$2.13
2021Detailed filing. Detailed filing data is available for this year.$83.4$25.8$57.6$41.6$42.5$0.83
2020Detailed filing. Detailed filing data is available for this year.$83.9$31.3$52.7$40.6$42.8$2.14
2019Detailed filing. Detailed filing data is available for this year.$83.1$26.5$56.5$39.6$40.6$1.00
2018Detailed filing. Detailed filing data is available for this year.$83.3$25.5$57.7$39.9$39.9$0.05
2017Detailed filing. Detailed filing data is available for this year.$83.5$27.5$56.0$39.4$38.6$0.74
2016Detailed filing. Detailed filing data is available for this year.$82.9$30.3$52.6$38.1$39.0$0.90
2015Detailed filing. Detailed filing data is available for this year.$83.6$28.5$55.1$39.4$39.7$0.32
2014Detailed filing. Detailed filing data is available for this year.$83.6$28.0$55.7$38.1$38.4$0.25
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.0$28.2$54.8$37.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$82.1$30.6$51.5$38.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.6$29.1$50.6$37.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.5$27.5$48.0$35.4