BLUEWATER COVENANT BIBLE CAMP INC (EIN 770598019) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

Jason Tanquist

Phone

2187454545

Tax Period

2024-01-01 to 2024-12-31

BLUEWATER COVENANT BIBLE CAMP INC, founded in 2002, is a small nonprofit in the Religion sector that reported $830K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $254K, a strong 31% operating margin.

Mission

The mission of Bluewater Covenant Bible Camp is to provide both a spiritually and physically enthusiastic environment that brings adults, youth and children into loving relationship with God through Jesus Christ.

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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 (2024)

Revenue Breakdown

Contributions & Grants $309,437

Program Service Revenue $452,206

Investment Income $8,121

Other Revenue $59,884

TOTAL REVENUE $829,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $222,107

Fundraising Expenses $0

Program Expenses $563,016

Other Expenses $353,678

TOTAL EXPENSES $575,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$829,648	$599,239	+0.4%
Expenses	$575,785	$576,555	0.0%
Net Income	$253,863	$22,684	+10.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Doyle James	Board Member	001.00	Director	$0	$0	$0
Justin Carney	Board Member	001.00	Director	$0	$0	$0
Mark Christensen	Board Member	001.00	Director	$0	$0	$0
Rob Stroot	Board Member	001.00	Director	$0	$0	$0
Derek Peterson	Board Member	001.00	Director	$0	$0	$0
Harriet Worker	Board Member	001.00	Director	$0	$0	$0
Tony Gustafson	Chairman	005.00	Officer	$0	$0	$0
Mike Larson	Vice Chairman	002.00	Officer	$0	$0	$0
Kristi Steen	Secretary	003.00	Officer	$0	$0	$0
Jason Tangquist	Treasurer	002.00	Officer	$0	$0	$0
Dave Erickson	Financial Secretary	001.00	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
2024	$829,648	$575,785	$4,217,270	$253,863
2023	$599,239	$576,555	$3,964,354	$22,684
2022	$523,962	$521,762	$3,941,491	$2,200
2021	$587,731	$458,371	$4,034,299	$129,360
2020	$510,418	$390,453	$3,955,444	$119,965
2019	$500,147	$437,198	$3,895,128	$62,949
2018	$428,395	$444,361	$3,905,246	$-15,966

BLUEWATER COVENANT BIBLE CAMP INC