Tyndale House Ministries

EIN: 822635353 501(c)(3) Religion

Carol Stream, IL

Total Revenue
$61,964,353
Total Expenses
$53,332,204
Total Assets
$143,231,968
Net Assets
$124,339,599
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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
IL
Phone
6307845206
Tax Period
2024-04-01 to 2025-03-31

Tyndale House Ministries, founded in 2017, is a mid-sized nonprofit in the Religion sector that reported $62.0M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $53.3M left a modest 14% surplus.

Mission

Minister to the spiritual needs of people, primarily through the publication of literature consistent with biblical principles and through grants to other charitable entities.

Program Service Accomplishments

Program 1
Expenses: $43,872,756 Revenue: $54,642,909

Publishing Ministry - Print and distribute Christian books, Bibles, periodicals and media products that are theologically consistent with Tyndale House Ministries' (THM) Christian beliefs and have...

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Publishing Ministry - Print and distribute Christian books, Bibles, periodicals and media products that are theologically consistent with Tyndale House Ministries' (THM) Christian beliefs and have ministry value to Churches and individuals in the US and Canada. During the year, THM published a wide range of such works, including Bibles targeted to various demographic groups, theological books, Christian nonfiction books such as Bible study guides, and books on Christian living (including health, finances, family issues, counseling, education, current events, history, and art). THM also published Christian fiction works, both for adults and for children. THM expects that its published Christian literature will be purchased or read by individuals who are seeking to grow in their Christian faith or are interested in hearing more about Christianity. THM also expects that its works will be used or distributed by churches and other Christian ministry organizations for their spiritual guidance and the spiritual growth of the individuals with whom they are ministering.

Program 2
Expenses: $5,533,472 Revenue: $6,354

Generous Giving - Issue grants to ministries around the world that are involved with Bible translation, literature distribution, leadership training, and humanitarian aid in furtherance of Tyndale...

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Generous Giving - Issue grants to ministries around the world that are involved with Bible translation, literature distribution, leadership training, and humanitarian aid in furtherance of Tyndale House Ministries' (THM) Christian mission. Through grant-making activities, THM built on the long and successful history of grant-making that had been operated by Tyndale House Foundation. THM's grant-making focuses on three main areas of endeavor: (1) Christian literature work both in the USA and in other countries, (2) evangelical Christian endeavors of various types both in the USA and in other countries, and (3) charitable work in the greater Chicago and DuPage County area. During the year, grants were made to other Christian nonprofit organizations whose purposes and activities align with the exempt purposes of THM.

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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 $144,700
Program Service Revenue $0
Investment Income $3,108,430
Other Revenue $58,711,223
TOTAL REVENUE $61,964,353

Expense Breakdown

Grants Paid $6,873,102
Salaries & Benefits $31,064,891
Fundraising Expenses $0
Program Expenses $49,406,228
Other Expenses $15,394,211
TOTAL EXPENSES $53,332,204

Year-over-Year Comparison

2024 2023 Change
Revenue $61,964,353 $47,983,516 +0.3%
Expenses $53,332,204 $47,634,617 +0.1%
Net Income $8,632,149 $348,899 +23.7%
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
10
Independent Members
7
Employees
416
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
$1,948,091
Total Directors
10
$906,381
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeremy Taylor Chief Ministry Officer 40.0
Officer Director
$263,572 $60,988 $324,560
Scott Mathews Chief Executive Officer 40.0
Officer Director
$326,863 $64,058 $390,921
Bruce Howard Director 5.0
Director
$19,650 $0 $19,650
Eugene Cho Director BEGAN 11/20/24 5.0
Director
$1,250 $0 $1,250
Kenneth O'Brien Director 5.0
Director
$14,650 $0 $14,650
Mark Taylor Chairman of the Board 12.0
Director
$91,750 $0 $91,750
Rebecca Wilson Vice Chairman of the Board 5.0
Director
$14,650 $0 $14,650
Robert Worcester Director 5.0
Director
$18,800 $0 $18,800
Sandra Drury Director 5.0
Director
$15,500 $0 $15,500
Steven Scholes Director 5.0
Director
$14,650 $0 $14,650
Jeannie Iseman Chief Financial Officer 40.0
Officer
$225,115 $24,237 $249,352
Ronald Beers Chief Publishing Officer 40.0
Officer
$282,033 $59,291 $341,324
Sharon Heggeland Chief Operating Officer 40.0
Officer
$263,422 $57,545 $320,967
Todd Watkins Chief Information Officer 40.0
Officer
$263,422 $57,545 $320,967
Debra Johnson VP, Digital Marketing and Sales 40.0
Highest
$210,055 $22,570 $232,625
Doug Walton VP, HR & Admin. Services 40.0
Highest
$219,381 $51,940 $271,321
Jeffrey Rustemeyer VP, Group Publisher through 8/9/24 40.0
Highest
$214,474 $49,100 $263,574
Maria Eriksen-Shalanko VP, Marketing and Public Relations 40.0
Highest
$200,183 $51,056 $251,239
Sarah Atkinson VP, Tyndale Book Group 40.0
Highest
$189,993 $31,326 $221,319
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 $61,964,353 $53,332,204 $143,231,968 $8,632,149
2024 $47,983,516 $47,634,617 $133,156,638 $348,899
2023 $43,200,114 $47,261,728 $144,411,220 $-4,061,614
2022 $53,589,995 $47,086,086 $143,491,209 $6,503,909
2021 $39,960,556 $37,317,003 $131,789,924 $2,643,553
2020 $48,272,125 $19,624,790 $110,366,551 $28,647,335
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