WORLD BIBLE SCHOOL 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

1981

Legal Domicile

Principal Officer

BRIAN DAVIS

Phone

5123458190

Tax Period

2023-01-01 to 2023-12-31

WORLD BIBLE SCHOOL INC, founded in 1981, is a community nonprofit in the Religion sector that reported $5.5M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $4.8M left a modest 13% surplus.

Mission

WORLD BIBLE SCHOOL, INC. IS A RELIGIOUS NOT-FOR-PROFIT ORGANIZATION DEDICATED TO TEACHING THE GOSPEL OF CHRIST BY USING BIBLE CORRESPONDENCE COURSES. THIS MISSION OF WBS IS WORLDWIDE AND IS SUPPORTED PRIMARILY BY CONTRIBUTIONS FROM INDIVIDUALS AND CHURCHES. WBS IS ASSOCIATED WITH CHURCHES OF CHRIST.

Program Service Accomplishments

Program 1

Expenses: $1,523,055

ADVERTISING AND PROMOTIONAL PROGRAMS TO RECRUIT STUDENTS FOR WBS PUBLICATIONS, CORRESPONDENCE AND OTHER EDUCATIONAL COURSES.

Program 2

Expenses: $1,005,266 Revenue: $574,454

COURSE PUBLICATIONS PROVIDE CHRISTIAN EDUCATIONAL MATERIALS TO TEACHERS IN ORDER FOR THEM TO TEACH AND MINISTER TO PEOPLE AROUND THE WORLD.

Program 3

Expenses: $931,246

WBS OFFERS COURSES THROUGH THE INTERNET TO REACH A LARGER POPULATION OF STUDENTS.

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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 $4,841,690

Program Service Revenue $574,454

Investment Income $157,680

Other Revenue $-24,666

TOTAL REVENUE $5,549,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,282,697

Fundraising Expenses $744,979

Program Expenses $3,459,567

Other Expenses $2,562,951

TOTAL EXPENSES $4,845,648

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,549,158	$4,592,996	+0.2%
Expenses	$4,845,648	$5,135,695	-0.1%
Net Income	$703,510	$-542,699	-2.3%

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

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

2200

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

$437,968

Total Directors

$73,153

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN DAVIS	PRESIDENT	40.00	Officer	$71,557	$55,822	$127,379
TIM YAEGER	CIO	40.00	Officer	$100,261	$42,262	$142,523
KEVIN RHODES	BUSINESS AFF	40.00	Officer	$28,461	$43,815	$72,276
MARCUS MCKEE	CHIEF GROWTH	40.00	Officer	$47,790	$48,000	$95,790
CHARLES GANUS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DENNIS RAESENER	TREASURER	1.00	Officer Director	$0	$0	$0
GEORGE BARLOW	DIRECTOR (JA	1.00	Director	$15,432	$13,018	$28,450
LORI BOYD	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN CATES	BOARD MEMBER	1.00	Director	$0	$0	$0
AVA CONLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDSEY GARMON	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF JENKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH RALL	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY ROBINETT	BOARD MEMBER	1.00	Director	$44,703	$0	$44,703
JEFF SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH SNEED	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRADY SHIRLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
PATSIE TROWBRIDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
WES RITCHIE	BOARD MEMBER	1.00	Director	$0	$0	$0
WASHINGTON MHLANGA	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY WARE	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN WHITE	BOARD MEMBER	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	No data	No data	No data	No data
2023	$5,549,158	$4,845,648	$6,900,057	$703,510
2022	$4,592,996	$5,135,695	$5,958,211	$-542,699
2021	$5,088,787	$4,289,090	$7,160,028	$799,697
2020	$5,189,697	$3,785,392	$6,092,442	$1,404,305
2019	$4,963,168	$4,418,694	$4,508,051	$544,474