INSTITUTE IN BASIC LIFE PRINCIPLES (EIN 366108515) - Form 990 Financial Analysis & Trantor Score

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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

1961

Legal Domicile

Principal Officer

TIM LEVENDUSKY

Phone

9036362000

Tax Period

2023-01-01 to 2023-12-31

INSTITUTE IN BASIC LIFE PRINCIPLES, founded in 1961, is a community nonprofit in the Religion sector that reported $3.8M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $5.7M exceeded revenue, resulting in a 50% operating deficit.

Mission

THE INSTITUTE IN BASIC LIFE PRINCIPLES WAS ESTABLISHED FOR THE PURPOSE OF INTRODUCING PEOPLE TO THE LORD JESUS CHRIST, AND IS DEDICATED TO GIVING INDIVIDUALS, FAMILIES, CHURCHES, SCHOOLS, COMMUNITIES, AND BUSINESSES CLEAR INSTRUCTION AND TRAINING ON HOW TO FIND SUCCESS BY FOLLOWING GOD'S PRINCIPLES.

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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 $834,924

Program Service Revenue $848,634

Investment Income $502,839

Other Revenue $1,634,394

TOTAL REVENUE $3,820,791

Expense Breakdown

Grants Paid $177,106

Salaries & Benefits $2,149,342

Fundraising Expenses $0

Program Expenses $2,923,603

Other Expenses $3,401,192

TOTAL EXPENSES $5,727,640

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,820,791	$4,556,964	-0.2%
Expenses	$5,727,640	$7,607,353	-0.2%
Net Income	$-1,906,849	$-3,050,389	-0.4%

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

150

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

$246,896

Total Directors

$56,934

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BARTH	SECRETARY	44.00	Officer	$108,450	$4,086	$112,536
BEN ZIESEMER	TREASURER	37.00	Officer	$76,296	$4,468	$80,764
TIM LEVENDUSKY	PRESIDENT	37.00	Officer Director	$51,050	$2,546	$53,596
JOHN BECHTLE	BOARD MEMBER	0.50	Director	$338	$1,000	$1,338
GIL BATES	BOARD MEMBER	0.50	Director	$1,000	$0	$1,000
DAVID YORK	BOARD MEMBER	0.50	Director	$1,000	$0	$1,000

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	$3,820,791	$5,727,640	$49,715,702	$-1,906,849
2022	$4,556,964	$6,958,079	$51,386,340	$-2,401,115
2021	$5,211,152	$6,077,664	$54,149,216	$-866,512
2021	$5,172,387	$6,051,771	$54,149,216	$-879,384
2020	$2,625,132	$5,302,939	$54,945,444	$-2,677,807

INSTITUTE IN BASIC LIFE PRINCIPLES