INSTITUTE OF BIBLICAL LEADERSHIP

EIN: 311261688 501(c)(3) Religion

Fairview, NC

Total Revenue
$598,813
Total Expenses
$527,883
Total Assets
$1,481,667
Net Assets
$1,472,617
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
NC
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

We provide leadership training, coaching, consulting, and counseling from God's Word for God's leaders. We serve pastors, pastoral leadership teams, missionaries, ministry executives, and ministerial couples. In essence, we serve as pastors to pastors and other church leaders.

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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 (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

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Governance

Voting Members
11
Independent Members
10
Employees
7
Volunteers
20

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
$134,500
Total Directors
11
$112,300
Key Employees
1
$102,000
Highest Compensated
1
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
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