REASONS TO BELIEVE

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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

1986

Legal Domicile

Principal Officer

FAZALE RANA PHD

Phone

6263351480

Tax Period

2024-07-01 to 2025-06-30

REASONS TO BELIEVE, founded in 1986, is a community nonprofit in the Religion sector that reported $6.0M in total revenue in fiscal year 2024. Expenses of $6.8M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO EXPLORE AND COMMUNICATE THE REASONABLE AND SCIENTIFICALLY SOUND BASIS ON WHICH THE HISTORIC CHRISTIAN FAITH STANDS.

Program Service Accomplishments

Program 1

Expenses: $1,752,655 Revenue: $61,494

RTB PRODUCTS-THIS AREA INCLUDES RTB AUTHORED BOOKS, BOOKLETS, DVDS, CDS, COURSES AND MINISTRY ITEMS.

Program 2

Expenses: $1,168,436 Revenue: $128,503

EVENT ACTIVITIES - THIS AREA INCLUDES TALKS AT CHURCHES, UNIVERSITIES (AND COLLEGES), BUSINESSES (FOR PROFIT) AND ORGANIZATIONS (NON-PROFIT).

Program 3

Expenses: $876,327

WEBSITE AND DIGITAL CONTENT - THIS AREA INCLUDES ELECTRONIC PUBLICATIONS, PODCASTS, BLOGS, REASONS INSTITUTE AND ACADEMY INFORMATION, OUTREACH AND ORGANIZATIONAL INFORMATION.

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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 $5,664,812

Program Service Revenue $128,503

Investment Income $93,175

Other Revenue $91,258

TOTAL REVENUE $5,977,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,607,875

Fundraising Expenses $1,017,419

Program Expenses $4,879,982

Other Expenses $2,192,930

TOTAL EXPENSES $6,800,805

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,977,748	$5,621,033	+0.1%
Expenses	$6,800,805	$6,870,579	0.0%
Net Income	$-823,057	$-1,249,546	-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

596

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

$756,424

Total Directors

$232,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FAZALE RANA PHD	PRESIDENT	40.00	Officer Director	$164,859	$5,400	$170,259
NINA DUNTON WELLS	BOARD CHAIR	1.00	Director	$0	$0	$0
KATHLEEN ROSS	BOARD SECRETARY AND CO-FOU	40.00	Officer Director	$60,389	$1,852	$62,241
JOHN VAN LEEUWEN	BOARD MEMBER	1.00	Director	$0	$0	$0
KERRI MADISON WOLCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM WILLIAMS	BOARD VICE CHAIR	1.00	Director	$0	$0	$0
CHRISTOPHER D NILES	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANCISCO DELGADO	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES WILLARD	BOARD MEMBER	1.00	Director	$0	$0	$0
ARLEN NORDHAGEN	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL PHILLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
HUGH ROSS PHD	FOUNDER AND SENIOR SCHOLAR	40.00	Officer	$160,109	$3,884	$163,993
KEN HULTGREN	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$103,594	$5,200	$108,794
MARK PEREZ	CHIEF OPERATING OFFICER	40.00	Officer	$133,750	$0	$133,750
PHIL CHIEN	BUSINESS INTELLIGENCE ANALYST	40.00	Officer	$113,727	$3,660	$117,387

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
2025	$5,977,748	$6,800,805	$8,036,644	$-823,057
2024	$5,621,033	$6,870,579	$8,527,642	$-1,249,546
2023	$5,086,882	$7,370,545	$9,416,968	$-2,283,663
2022	$5,805,662	$6,443,780	$11,307,882	$-638,118
2021	$8,840,612	$5,559,790	$13,037,809	$3,280,822
2020	$4,934,018	$4,811,549	$9,554,966	$122,469
2019	$7,372,250	$4,363,001	$9,927,285	$3,009,249