Tyndale House Ministries (EIN 822635353) - 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

2017

Legal Domicile

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.

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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 $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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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

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

$1,948,091

Total Directors

$906,381

Key Employees

Highest Compensated

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

Tyndale House Ministries