BIBLE TRUTH BOOKS

EIN: 237216072 501(c)(3)

GRAND RAPIDS, MI

Total Revenue
$47,120
Total Expenses
$36,204
Total Assets
$200,438
Net Assets
$124,260
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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
1972
Legal Domicile
MI
Principal Officer
GREGORY BLEEKER
Phone
6167762593
Tax Period
2023-01-01 to 2023-12-31

BIBLE TRUTH BOOKS, founded in 1972, is a micro nonprofit that reported $47K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $11K, a strong 23% operating margin.

Mission

SALE AND DISTRIBUTION OF PRINTED AND RECORDED RELIGIOUS MATERIAL. INCLUDES THE SALE AND/OR DISTRIBUTION OF 17,787 ITEMS TO INDIVIDUALS AND ORGANIZATIONS. BIBLE TRUTH BOOKS HAS AS ITS SOLE OBJECTIVE THE SPREAD OF THE GOSPEL THROUGH THE DISTIRBUTION OF AS MANY SOUND RELIGIOUS BOOKS, TAPES, AND TRACKS AS POSSIBLE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,517
Program Service Revenue $0
Investment Income $0
Other Revenue $45,603
TOTAL REVENUE $47,120

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $29,324
Other Expenses $36,204
TOTAL EXPENSES $36,204

Year-over-Year Comparison

2023 2022 Change
Revenue $47,120 $54,039 -0.1%
Expenses $36,204 $40,383 -0.1%
Net Income $10,916 $13,656 -0.2%
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
2
Independent Members
2
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN SPORTE PRESIDENT 5.00
Officer Director
$0 $0 $0
GREGORY BLEEKER VP FINANCE 3.00
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
2024 No data No data No data No data
2023 $47,120 $36,204 $200,438 $10,916
2022 $54,039 $40,383 $168,742 $13,656
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