Divine Hope Reformed Bible Seminary

EIN: 454675669 501(c)(3) Religion

Demotte, IN

Total Revenue
$524,257
Total Expenses
$526,669
Total Assets
$1,351,881
Net Assets
$1,348,241
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
IN
Principal Officer
Tom Zandstra
Phone
7083722624
Tax Period
2024-01-01 to 2024-12-31

Divine Hope Reformed Bible Seminary, founded in 2011, is a small nonprofit in the Religion sector that reported $524K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $1.3M represent 31 months of operating reserves.

Mission

Divine Hope Reformed Bible Seminary exists to provide Biblical and theological instruction to the residents of correctional institutions. The goal of this rigorous program of Biblical and theological studies is the moral transformation of residents in correctional institutions so that they can live in hope and joy and be a blessing to their families, churches and communities. Divine Hope?s aim is to foster humility and holiness in its students. Divine Hope Reformed Bible Seminary seeks to nurture incarcerated men and women who can be examples of moral transformation and who are peacemakers in their prison communities and beyond.

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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 $531,122
Program Service Revenue $0
Investment Income $1,974
Other Revenue $-8,839
TOTAL REVENUE $524,257

Expense Breakdown

Grants Paid $0
Salaries & Benefits $406,240
Fundraising Expenses $0
Program Expenses $467,284
Other Expenses $120,429
TOTAL EXPENSES $526,669

Year-over-Year Comparison

2024 2023 Change
Revenue $524,257 $556,411 -0.1%
Expenses $526,669 $511,188 +0.0%
Net Income $-2,412 $45,223 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
3
Volunteers
12

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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tom Zandstra President 2.00
Officer Director
$0 $0 $0
James Casey Director 1.00
Director
$0 $0 $0
Daniel Kramer Secretary 2.00
Officer Director
$0 $0 $0
Bruce Aardsma Vice President 2.00
Officer Director
$0 $0 $0
Larry Hollaar Director 1.00
Director
$0 $0 $0
Daniel Nicholson Director 1.00
Director
$0 $0 $0
Douglas Carr Director 1.00
Director
$0 $0 $0
Jacob Woldhuis Fmr Treasurer 2.00
Officer Director
$0 $0 $0
David Kramer Director 1.00
Director
$0 $0 $0
Brian Sluiter Treasurer 1.00
Officer Director
$0 $0 $0
Kenneth Wierenga Director 1.00
Director
$0 $0 $0
Jeff DeBoer Director 1.00
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 $524,257 $526,669 $1,351,881 $-2,412
2023 $556,411 $511,188 $1,191,700 $45,223
2022 $531,410 $493,776 $1,000,679 $37,634
2021 $485,877 $390,232 $968,803 $95,645
2020 $888,869 $375,109 $855,020 $513,760
2019 $463,909 $393,219 $330,743 $70,690
2018 $382,113 $387,585 $259,970 $-5,472
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