REFORMATION HERITAGE BOOKS INC

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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

1993

Legal Domicile

Principal Officer

DAVID WOOLLIN

Phone

6169770889

Tax Period

2023-07-01 to 2024-06-30

REFORMATION HERITAGE BOOKS INC, founded in 1993, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 35% operating margin.

Mission

REFORMATION HERITAGE BOOKS (RHB) EXISTS TO GLORIFY GOD AND STRENGTHEN HIS CHURCH AROUND THE WORLD THROUGH THE PUBLICATION AND DISTRIBUTION OF BIBLICAL, REFORMED, AND PURITAN LITERATURE. THIS WORK INCLUDES BOTH COMMERCIAL SALES AND MINISTRY-BASED INITIATIVES TO EXPAND GLOBAL ACCESS.

Program Service Accomplishments

Program 1

Expenses: $1,078,991 Revenue: $724,451

RHB PUBLISHES AROUND FIFTY OF OUR OWN RESOURCES EACH YEAR, ALONGSIDE THE DISTRIBUTION OF LIKE-MINDED TITLES FROM OTHER ORGANIZATIONS AROUND THE WORLD. THESE RESOURCES ARE MADE AVAILABLE AT THE LOWEST POSSIBLE PRICES TO PROMOTE BIBLICAL, REFORMED, AND PURITAN TEACHINGAND TO FULFILL OUR MINISTRY IN PROPAGATING THE GOSPEL OF OUR LORD AND SAVIOR JESUS CHRIST THROUGH BOTH COMMERCIAL SALES AND GLOBAL ACCESS MINISTRY INITIATIVES.

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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 $2,282,159

Program Service Revenue $0

Investment Income $35,327

Other Revenue $724,451

TOTAL REVENUE $3,041,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,018,671

Fundraising Expenses $110,910

Program Expenses $1,078,991

Other Expenses $946,674

TOTAL EXPENSES $1,965,345

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,041,937	$1,751,085	+0.7%
Expenses	$1,965,345	$1,297,070	+0.5%
Net Income	$1,076,592	$454,015	+1.4%

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

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

$177,739

Total Directors

$10,702

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JOEL BEEKE	CHAIRMAN/TREASURER	5.00	Officer Director	$10,702	$0	$10,702
KEVIN ASH	VICE CHAIRMAN	0.25	Officer Director	$0	$0	$0
JIM BLEEKER	MEMBER	0.25	Director	$0	$0	$0
LINDA DEN HOLLANDER	SECRETARY	0.25	Officer Director	$0	$0	$0
DR SACHA WALICORD	MEMBER	0.25	Director	$0	$0	$0
DR MAARTEN KUIVENHOVEN	SECRETARY	0.25	Officer Director	$0	$0	$0
ROB VENTURA	MEMBER	0.25	Director	$0	$0	$0
DR ADRIAAN NEELE	MEMBER	0.25	Director	$0	$0	$0
SETH GETZ	MEMBER	0.25	Director	$0	$0	$0
GERALD BILKES	MEMBER	0.25	Director	$0	$0	$0
DAVID WOOLLIN	FORMER CEO, NOW COO	40.00	Officer	$149,004	$18,033	$167,037
JOSH ETTER	CEO	40.00	Officer	$0	$0	$0
STEVE RENKEMA	DIRECTOR OF OPERATIONS	40.00	Highest	$113,735	$18,147	$131,882
TAVIS BOHLINGER	EMPLOYEE	40.00	Highest	$116,304	$17,932	$134,236

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	No data	No data	No data	No data
2024	$3,041,937	$1,965,345	$10,197,756	$1,076,592
2023	$7,019,884	$6,565,869	$9,115,687	$454,015
2022	$2,277,752	$3,059,865	$8,387,961	$-782,113
2021	$7,035,185	$4,266,376	$9,294,785	$2,768,809
2021	$7,035,185	$4,266,376	$9,294,785	$2,768,809
2020	$6,306,693	$2,853,712	$5,797,801	$3,452,981
2019	$2,814,278	$2,384,514	$2,227,926	$429,764
2018	$2,131,641	$2,051,182	$1,787,601	$80,459