DIGITAL THEOLOGICAL LIBRARY

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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

2016

Legal Domicile

Principal Officer

Thomas Phillips

Phone

6198131248

Tax Period

2024-01-01 to 2024-12-31

DIGITAL THEOLOGICAL LIBRARY, founded in 2016, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. The organization ran a surplus of $516K, a strong 27% operating margin.

Mission

The mission of the DTL is to provide online library resources and support to individuals and educational institutions which specialize in religious studies.

Program Service Accomplishments

Program 1

Expenses: $1,202,334 Revenue: $1,807,422

The original DTL and DTL2 serve religious studies institutions in developed nations by delivering curated library resources via the internet.

Program 2

Expenses: $33,101 Revenue: $28,864

The DTL provided online digital library services to libraries in developing nations (www.globaldtl.org).

Program 3

Expenses: $24,735 Revenue: $32,625

The DTL provided library services to the public by way of the Open Access DTL and Seminary Bookshelf.

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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 $1,868,911

Program Service Revenue $0

Investment Income $7,656

Other Revenue $0

TOTAL REVENUE $1,876,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $879,873

Fundraising Expenses $0

Program Expenses $1,260,170

Other Expenses $481,053

TOTAL EXPENSES $1,360,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,876,567	$1,824,751	+0.0%
Expenses	$1,360,926	$1,026,366	+0.3%
Net Income	$515,641	$798,385	-0.4%

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

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

$458,249

Total Directors

Key Employees

$413,785

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tom Phillips	Executive Director	55	Officer Key Emp Highest	$198,433	$52,868	$251,301
Drew Baker	Managing Director	40	Officer Key Emp	$129,300	$33,184	$162,484
Scott Tirrell	CFO	17	Officer	$40,422	$4,042	$44,464
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	2		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
Lexington Theological Seminary	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$0	$0	$0
N/A	Institutional trustee	1		$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	$1,876,567	$1,360,926	$4,408,189	$515,641
2023	$1,824,751	$1,026,366	$3,892,548	$798,385
2022	$1,713,332	$824,333	$3,077,978	$888,999
2021	$1,060,104	$532,222	$2,188,979	$527,882
2020	$1,023,581	$450,544	$1,661,097	$573,037