RBC MINISTRIES

EIN: 381613981 501(c)(3) Religion

GRAND RAPIDS, MI

Total Revenue
$72,359,583
Total Expenses
$68,772,482
Total Assets
$27,336,812
Net Assets
$22,529,663
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
MI
Principal Officer
MATT LUCAS
Phone
6169426770
Tax Period
2024-04-01 to 2025-03-31

RBC MINISTRIES, founded in 1942, is a mid-sized nonprofit in the Religion sector that reported $72.4M in total revenue in fiscal year 2024. Expenses of $68.8M left a modest 5% surplus.

Mission

RBC MINISTRIES MISSION IS TO MAKE THE LIFE-CHANGING WISDOM OF THE BIBLE UNDERSTANDABLE AND ACCESSIBLE TO ALL

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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 $64,759,422
Program Service Revenue $4,917,332
Investment Income $79,169
Other Revenue $2,603,660
TOTAL REVENUE $72,359,583

Expense Breakdown

Grants Paid $0
Salaries & Benefits $26,940,733
Fundraising Expenses $1,403,495
Program Expenses $60,752,198
Other Expenses $41,831,749
TOTAL EXPENSES $68,772,482

Year-over-Year Comparison

2024 2023 Change
Revenue $72,359,583 $67,032,062 +0.1%
Expenses $68,772,482 $65,483,344 +0.1%
Net Income $3,587,101 $1,548,718 +1.3%
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

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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
13
Independent Members
13
Employees
323
Volunteers
100

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
$886,867
Total Directors
13
$317,129
Key Employees
5
$1,191,345
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIE DIMKOFF DIRECTOR 1.00
Director
$0 $0 $0
PETER AMEADAJI DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM BONTEKOE DIRECTOR 1.00
Director
$0 $0 $0
DIANE MAHER VICE CHAIR 1.00
Officer Director
$0 $0 $0
MARTY DOORN CHAIR 1.00
Officer Director
$0 $0 $0
JEFF LAMBERT DIRECTOR 1.00
Director
$0 $0 $0
QUEK JIN WEE DIRECTOR 1.00
Director
$0 $0 $0
DEBBYE TURNER BELL DIRECTOR 1.00
Director
$0 $0 $0
LUIZ SILVADO DIRECTOR 1.00
Director
$0 $0 $0
RICK DEHAAN DIRECTOR 1.00
Director
$0 $0 $0
STEVE APTED DIRECTOR 1.00
Director
$0 $0 $0
CARLSON CHOI DIRECTOR 1.00
Director
$0 $0 $0
MATT LUCAS PRESIDENT 40.00
Officer Director
$286,400 $30,729 $317,129
NANCY SCHOONMAKER TREASURER/CFO 40.00
Officer
$208,581 $6,366 $214,947
WILLIAM OECHSLER SR VP OF US 40.00
Key Emp
$194,284 $22,361 $216,645
CHRISTOPHER BARRON CDTO 40.00
Key Emp
$297,699 $21,198 $318,897
LUIS GARCIA SEOANE SR VP IAC 40.00
Key Emp
$201,993 $8,082 $210,075
DANIEL FERWERDA ASSIST. TREA 29.00
Officer
$156,971 $12,579 $169,550
VICKI HARRIS CHIEF PEOPLE & CULTURE OFFICER 40.00
Key Emp
$214,465 $24,002 $238,467
TIM LANIAK SVP GLOBAL CONTENT 40.00
Key Emp
$183,567 $23,694 $207,261
GARY WICKER TREASURER/CFO 40.00
Officer
$167,350 $17,891 $185,241
WILLIAM LYONS EMPLOYEE 40.00
Highest
$210,777 $7,238 $218,015
SANDRA JONES VP ENTERPRISE APPS 40.00
Highest
$204,995 $3,367 $208,362
BRETT GADD SR MGR SOFTWARE INT 40.00
Highest
$172,025 $19,737 $191,762
CHRISTOPHER MILLER SALESFORCE ARCHITECT 40.00
Highest
$160,404 $12,908 $173,312
WILLIAM WALKER VP PLANNED GIVING 40.00
Highest
$156,884 $7,669 $164,553
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 $72,359,583 $68,772,482 $27,336,812 $3,587,101
2025 $72,359,583 $68,772,482 $27,336,812 $3,587,101
2024 $67,032,062 $65,483,344 $23,336,204 $1,548,718
2023 $64,910,282 $66,043,558 $21,310,620 $-1,133,276
2022 $62,503,799 $60,899,917 $23,847,992 $1,603,882
2021 $61,139,442 $56,005,767 $21,687,815 $5,133,675
2020 $51,255,727 $51,015,107 $13,240,362 $240,620
2019 $49,041,750 $47,749,443 $13,305,992 $1,292,307
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