BIBLE EDUCATION LEGACY FUND INC (EIN 208667680) - 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

2006

Legal Domicile

Principal Officer

GARY DAMORE

Phone

6028508000

Tax Period

2024-07-01 to 2025-06-30

BIBLE EDUCATION LEGACY FUND INC, founded in 2006, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $983K in total revenue in fiscal year 2024. Revenue surged 361% from the prior year, signaling strong growth momentum. The organization ran a surplus of $474K, a strong 48% operating margin.

Mission

BIBLE EDUCATION LEGACY FUND (BELF) IS A SUPPORTING ORGANIZATION FOR THE (CONT'D ON SCH. O) BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF PHOENIX SEMINARY, A 501(C)(3) ORGANIZATION.

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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 $742,207

Program Service Revenue $60,000

Investment Income $180,400

Other Revenue $0

TOTAL REVENUE $982,607

Expense Breakdown

Grants Paid $201,937

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $465,235

Other Expenses $306,676

TOTAL EXPENSES $508,613

Year-over-Year Comparison

	2024	2023	Change
Revenue	$982,607	$213,265	+3.6%
Expenses	$508,613	$1,073,811	-0.5%
Net Income	$473,994	$-860,546	-1.6%

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

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
GARY DAMORE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JON HERMANSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEN BECKEMEYER	TRUSTEE	1.00	Officer Director	$0	$0	$0
BILL BARTLETT	TRUSTEE	1.00	Officer 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	$982,607	$508,613	$11,787,281	$473,994
2024	$213,265	$1,073,811	$11,036,155	$-860,546
2023	$128,070	$1,231,017	$11,698,857	$-1,102,947
2022	$1,452,108	$364,693	$12,669,807	$1,087,415
2021	$2,098,718	$295,957	$11,897,225	$1,802,761
2020	$205,545	$460,845	$9,862,319	$-255,300
2019	$141,789	$463,331	$10,364,358	$-321,542
2018	$6,699,108	$1,093,292	$11,430,563	$5,605,816

BIBLE EDUCATION LEGACY FUND INC