INSTITUTE OF BIBLICAL LEADERSHIP

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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

1988

Legal Domicile

Principal Officer

David Phelan

Phone

8283297816

Tax Period

2024-01-01 to 2024-12-31

INSTITUTE OF BIBLICAL LEADERSHIP, founded in 1988, is a small nonprofit in the Religion sector that reported $599K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $528K left a modest 12% surplus.

Mission

God-honoring leaders and effective kingdom-focused leadership teams don't just come out of nowhere. They are formed through a deliberate, life-long process: giving concerted attention to motivations, character, call, roles, and relationships. It requires faithfulness to spiritual disciplines that reinforce biblical patterns in these essential areas of life and ministry. Such enduring Spirit-led transformation is best accomplished in community with others, and IBL is a place for leaders to receive this kind of mentorship.

Program Service Accomplishments

Program 1

Expenses: $212,786 Revenue: $3,162

Training ministry leaders in the essential principles of leadership found in God's Word: Small group seminars held throughout the United States and in other countries. Also, provide theological...

Training ministry leaders in the essential principles of leadership found in God's Word: Small group seminars held throughout the United States and in other countries. Also, provide theological training and pastoral ministry training in majority world settings.

Program 2

Expenses: $157,401 Revenue: $36,200

Consulting with leadership teams in churches and ministry organizations: - Conducted ministry and leadership assessments. - Provided crisis intervention. - Facilitated long range ministry planning...

Consulting with leadership teams in churches and ministry organizations: - Conducted ministry and leadership assessments. - Provided crisis intervention. - Facilitated long range ministry planning workshops. - Assisted with reviewing and enhancing organizational leadership structures. - Provided leadership training for lay leaders.

Program 3

Expenses: $20,099 Revenue: $2,811

Counseling pastoral couples regarding their personal spiritual struggles.

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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 $448,691

Program Service Revenue $42,173

Investment Income $107,949

Other Revenue $0

TOTAL REVENUE $598,813

Expense Breakdown

Grants Paid $1,524

Salaries & Benefits $357,802

Fundraising Expenses $45,222

Program Expenses $405,622

Other Expenses $168,557

TOTAL EXPENSES $527,883

Year-over-Year Comparison

	2024	2023	Change
Revenue	$598,813	$638,113	-0.1%
Expenses	$527,883	$530,517	0.0%
Net Income	$70,930	$107,596	-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

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

$134,500

Total Directors

$112,300

Key Employees

$102,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Phelan	President, Board Member	55	Officer Director Key Emp Highest	$62,000	$40,000	$102,000
Dawn Phelan	Secretary to Board, Ministry Exec, Assis Treas	30	Officer	$32,500	$0	$32,500
Russell Lloyd	Founder, Board Member, Executive Consultant	1	Director	$10,300	$0	$10,300
Dan DiDonato	Board Member	2	Director	$0	$0	$0
Dan Burrell	Chairman of the Board	2.00	Director	$0	$0	$0
Matt Moser	Board Member	3	Director	$0	$0	$0
Kevin Whitehead	Board Member, Treasurer	1	Director	$0	$0	$0
Eddie Coakley	Board Member, Vice Chairman	1	Director	$0	$0	$0
Barry Lawson	Board Member	1	Director	$0	$0	$0
Dann Lemerand	Board Member	1	Director	$0	$0	$0
Jerry Zucha	Board Member	1	Director	$0	$0	$0
Lisa Metcalf	Board Member	1	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	$598,813	$527,883	$1,481,667	$70,930
2023	$638,113	$530,517	$1,404,589	$107,596
2022	$505,168	$542,351	$1,295,712	$-37,183
2021	$667,507	$348,261	$1,333,068	$319,246
2020	$578,377	$269,664	$1,034,258	$308,713