unfoldingWord

EIN: 141888977 501(c)(3) Religion

Orlando, FL

Total Revenue
$9,823,862
Total Expenses
$9,763,580
Total Assets
$3,428,808
Net Assets
$2,344,831
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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
2003
Legal Domicile
MT
Principal Officer
David Reeves
Phone
4079003005
Tax Period
2025-01-01 to 2025-12-31

unfoldingWord, founded in 2003, is a community nonprofit in the Religion sector that reported $9.8M in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year.

Mission

The Organization exists to see the Church in every People Group and the Bible in Every Language.

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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 (2025)

Revenue Breakdown

Contributions & Grants $9,771,384
Program Service Revenue $0
Investment Income $38,473
Other Revenue $14,005
TOTAL REVENUE $9,823,862

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,392,048
Fundraising Expenses $925,740
Program Expenses $7,428,124
Other Expenses $7,371,532
TOTAL EXPENSES $9,763,580

Year-over-Year Comparison

2025 2024 Change
Revenue $9,823,862 $10,663,044 -0.1%
Expenses $9,763,580 $9,818,631 0.0%
Net Income $60,282 $844,413 -0.9%
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
7
Independent Members
6
Employees
25
Volunteers
12

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
$335,100
Total Directors
7
$196,050
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Aaron Erickson Treasurer & Director 0.80
Officer Director
$0 $0 $0
Al Anderstrom Secretary 0.80
Officer Director
$0 $0 $0
David Reeves President & CEO 40.00
Officer Director
$141,700 $54,350 $196,050
Max Anders Vice Chairman 0.80
Officer Director
$0 $0 $0
Michael Vos Chairman 0.80
Officer Director
$0 $0 $0
Joel Hunter Director 0.80
Director
$0 $0 $0
Damian Gerke Director (began 08/2025) 0.80
Director
$0 $0 $0
James Ungaro CFO 40.00
Officer
$135,000 $4,050 $139,050
Christopher Klapp Research & Development 40.00
Highest
$140,347 $0 $140,347
Eric Steggerda Field Networks (end 12/2025) 40.00
Highest
$134,010 $3,780 $137,790
Jesse Griffin COO 40.00
Highest
$132,200 $4,065 $136,265
Timothy Jore Innovation & Strategy 40.00
Highest
$149,989 $4,599 $154,588
Perry Oakes Content 40.00
Highest
$110,150 $2,945 $113,095
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 $9,823,862 $9,763,580 $3,428,808 $60,282
2024 No data No data No data No data
2023 $10,976,427 $10,823,758 $2,970,780 $152,669
2022 $9,854,171 $9,630,083 $3,137,314 $224,088
2021 $5,928,855 $6,070,391 $1,675,251 $-141,536
2020 $5,268,126 $4,427,158 $1,688,668 $840,968
2019 $4,239,007 $3,873,176 $774,107 $365,831
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