HOBE SOUND BIBLE COLLEGE INC

EIN: 591407629 501(c)(3) Education

HOBE SOUND, FL

Total Revenue
$5,908,307
Total Expenses
$5,756,000
Total Assets
$6,611,901
Net Assets
$5,982,395
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
FL
Principal Officer
MATT MALOYED
Phone
7725465534
Tax Period
2024-07-01 to 2025-06-30

HOBE SOUND BIBLE COLLEGE INC, founded in 1960, is a community nonprofit in the Education sector that reported $5.9M in total revenue in fiscal year 2024.

Mission

CHRISTIAN EDUCATION FROM PRE-KINDERGARTEN THROUGH THE FOURTH YEAR OF COLLEGE.

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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 $1,163,453
Program Service Revenue $4,379,241
Investment Income $8,651
Other Revenue $356,962
TOTAL REVENUE $5,908,307

Expense Breakdown

Grants Paid $923,808
Salaries & Benefits $2,669,272
Fundraising Expenses $26,309
Program Expenses $5,081,494
Other Expenses $2,162,920
TOTAL EXPENSES $5,756,000

Year-over-Year Comparison

2024 2023 Change
Revenue $5,908,307 $5,924,257 0.0%
Expenses $5,756,000 $5,890,824 0.0%
Net Income $152,307 $33,433 +3.6%
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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Governance

Voting Members
17
Independent Members
16
Employees
145
Volunteers
N/A

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
$127,106
Total Directors
17
$69,994
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT MALOYED PRESIDENT 40.00
Officer Director
$67,594 $2,400 $69,994
AARON HAMILTON CFO (NOW CAO 40.00
Officer
$55,087 $2,025 $57,112
CHARLES BAKER DIRECTOR N/A
Director
$0 $0 $0
JOHN BEARDSLEE DIRECTOR N/A
Director
$0 $0 $0
CLIFF CHURCHILL DIRECTOR N/A
Director
$0 $0 $0
LESLIE CRAWFORD DIRECTOR N/A
Director
$0 $0 $0
CHAD DAMON DIRECTOR N/A
Director
$0 $0 $0
MATT ELLISON DIRECTOR N/A
Director
$0 $0 $0
REBECCA HOARD SECRETARY N/A
Officer Director
$0 $0 $0
PAUL KAUFMAN CHAIRMAN N/A
Officer Director
$0 $0 $0
WESLEY KNAPP DIRECTOR N/A
Director
$0 $0 $0
BRANT LUTHER VICE CHAIRMA N/A
Officer Director
$0 $0 $0
HAROLD MARTIN DIRECTOR N/A
Director
$0 $0 $0
DAVE MORGAN DIRECTOR1 N/A
Director
$0 $0 $0
LARRY MYERS DIRECTOR N/A
Director
$0 $0 $0
JAMES PLANK DIRECTOR N/A
Director
$0 $0 $0
BENJAMIN SMITH DIRECTOR N/A
Director
$0 $0 $0
DALE STRATTON DIRECTOR N/A
Director
$0 $0 $0
TIFFANY PETERS CFO 40.00
Officer
$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
2025 $5,908,307 $5,756,000 $6,611,901 $152,307
2024 $5,924,257 $5,890,824 $6,525,887 $33,433
2023 $6,389,065 $5,444,969 $6,279,632 $944,096
2022 $5,631,780 $4,652,588 $5,212,726 $979,192
2021 $4,545,960 $4,273,176 $4,606,553 $272,784
2020 $3,685,732 $4,019,286 $4,304,144 $-333,554
2019 $4,364,239 $4,262,866 $4,359,610 $101,373
2018 $4,338,170 $4,129,544 $4,347,345 $208,626
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