TRINITARIAN BIBLE SOCIETY

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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

1965

Legal Domicile

Principal Officer

REV BART ELSHOUT

Phone

6167353695

Tax Period

2023-01-01 to 2023-12-31

TRINITARIAN BIBLE SOCIETY, founded in 1965, is a small nonprofit in the Religion sector that reported $808K in total revenue in fiscal year 2023. Expenses of $716K left a modest 11% surplus.

Mission

DISTRIBUTION OF BIBLES AND LITERATURE

Program Service Accomplishments

Program 1

Expenses: $558,019 Revenue: $268,080

THE PUBLISHING AND DISTRIBUTION OF THE HOLY SCRIPTURES THROUGHOUT THE WORLD IN DIFFERENT LANGUAGES. THE PROMOTION OF BIBLE TRANSLATIONS WHICH ARE ACCURATE AND TRUSTWORTHY. UPHOLDING THE BIBLE AS THE INSPIRED AND INERRANT WORD OF GOD FOR THE GLORY OF GOD AND THE INCREASE OF HIS KINGDOM THROUGH THE CIRCULATION OF UNCORRUPTED VERSIONS OF THE WORD OF GOD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $539,661

Program Service Revenue $268,080

Investment Income $438

Other Revenue $0

TOTAL REVENUE $808,179

Expense Breakdown

Grants Paid $175,393

Salaries & Benefits $144,991

Fundraising Expenses $0

Program Expenses $558,019

Other Expenses $395,368

TOTAL EXPENSES $715,752

Year-over-Year Comparison

	2023	2022	Change
Revenue	$808,179	$794,564	+0.0%
Expenses	$715,752	$670,111	+0.1%
Net Income	$92,427	$124,453	-0.3%

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

$146,393

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM GREENDYK	OFFICER	40.00	Officer	$115,331	$31,062	$146,393
JONATHAN ARNOLD	DIRECTOR	N/A	Director	$0	$0	$0
JAMES BAZEN	SECRETARY	N/A	Officer Director	$0	$0	$0
DR GERALD BILKES	DIRECTOR	N/A	Director	$0	$0	$0
GERRIT BLEEKER	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
REV BART ELSHOUT	PRESIDENT	N/A	Officer Director	$0	$0	$0
DR RONALD HOOGMOED	DIRECTOR	N/A	Director	$0	$0	$0
MARK WALKOTTEN	TREASURER	N/A	Officer Director	$0	$0	$0
GARY DENHOLLANDER	DIRECTOR	N/A	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	$808,179	$715,752	$1,369,869	$92,427
2022	$794,564	$670,111	$1,220,817	$124,453
2021	$785,478	$726,209	$1,227,649	$59,269
2020	$746,617	$578,045	$909,068	$168,572
2019	$603,937	$545,381	$811,230	$58,556
2018	$509,021	$562,307	$707,476	$-53,286