THE BIOLOGOS FOUNDATION INC

EIN: 262112272 501(c)(3) Religion

GRAND RAPIDS, MI

Total Revenue
$2,255,748
Total Expenses
$2,428,715
Total Assets
$2,684,874
Net Assets
$2,318,002
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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
2007
Legal Domicile
MD
Principal Officer
DEBORAH HAARSMA
Phone
6163285208
Tax Period
2023-01-01 to 2023-12-31

THE BIOLOGOS FOUNDATION INC, founded in 2007, is a community nonprofit in the Religion sector that reported $2.3M in total revenue in fiscal year 2023.

Mission

BIOLOGOS EXPLORES GOD'S WORD AND GOD'S WORLD, REACHING MILLIONS WITH OUR WEBSITE, EVENTS, PODCAST, CURRICULA, AND MORE, SHOWING HOW SCIENCE AND FAITH WORK HAND IN HAND.

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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 $2,177,583
Program Service Revenue $26,704
Investment Income $40,879
Other Revenue $10,582
TOTAL REVENUE $2,255,748

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,475,612
Fundraising Expenses $441,342
Program Expenses $1,726,258
Other Expenses $953,103
TOTAL EXPENSES $2,428,715

Year-over-Year Comparison

2023 2022 Change
Revenue $2,255,748 $2,114,143 +0.1%
Expenses $2,428,715 $2,191,507 +0.1%
Net Income $-172,967 $-77,364 +1.2%
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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Governance

Voting Members
10
Independent Members
10
Employees
21
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
$195,786
Total Directors
12
$6,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBORAH HAARSMA PRESIDENT 40.00
Officer
$173,914 $15,872 $189,786
JIM STUMP VP OF PROGRA 40.00
Highest
$130,754 $16,817 $147,571
DWIGHT BAKER CHAIR 5.00
Officer Director
$0 $0 $0
JEFF HARDIN VICE CHAIR J 1.00
Officer Director
$0 $0 $0
APRIL MASKIEWICZ CORDERO VICE CHAIR A 1.00
Officer Director
$6,000 $0 $6,000
LARRY LANGDON SEC JAN-APR 1.00
Officer Director
$0 $0 $0
ANDREW GINSBERG SECRETARY AP 1.00
Officer Director
$0 $0 $0
PRAVEEN SETHUPATHY DIRECTOR 1.00
Director
$0 $0 $0
CLAUDE ALEXANDER DIRECTOR 1.00
Director
$0 $0 $0
ROSEANNE SENSION DIRECTOR 1.00
Director
$0 $0 $0
CURTIS CHANG DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER WISEMAN DIRECTOR JAN 1.00
Director
$0 $0 $0
JEFF WRIGHT DIRECTOR APR 1.00
Director
$0 $0 $0
CHARMAINE ROYAL DIRECTOR NOV 1.00
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 $2,255,748 $2,428,715 $2,684,874 $-172,967
2022 $2,114,143 $2,191,507 $3,024,060 $-77,364
2021 $1,728,773 $2,039,290 $3,556,989 $-310,517
2020 $1,896,392 $1,455,926 $3,396,391 $440,466
2019 $1,001,643 $1,912,208 $2,720,417 $-910,565
2018 $3,079,993 $1,455,153 $3,550,204 $1,624,840
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