BIBLE ARCHEOLOGY SEARCH AND EXPLORATION FOUNDATION

EIN: 841437496 501(c)(3) Science & Technology

Colorado Springs, CO

Total Revenue
$263,551
Total Expenses
$161,354
Total Assets
$186,465
Net Assets
$186,465
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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
1992
Legal Domicile
CO
Phone
7194884228
Tax Period
2024-01-01 to 2024-12-31

BIBLE ARCHEOLOGY SEARCH AND EXPLORATION FOUNDATION, founded in 1992, is a small nonprofit in the Science & Technology sector that reported $264K in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $102K, a strong 39% operating margin.

Mission

The Organization exists to affirm the Bible as a reliable guide

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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 $263,551
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $263,551

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,183
Fundraising Expenses $2,014
Program Expenses $249,071
Other Expenses $141,171
TOTAL EXPENSES $161,354

Year-over-Year Comparison

2024 2023 Change
Revenue $263,551 $158,965 +0.7%
Expenses $161,354 $101,631 +0.6%
Net Income $102,197 $57,334 +0.8%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
2

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
$20,183
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Cornuke President 50.00
Officer
$0 $20,183 $20,183
James Stock Chairman of the Board 15.00
Director
$0 $0 $0
Dave Bronson Board Member 3.00
Director
$0 $0 $0
Gary Harding Board Member 3.00
Director
$0 $0 $0
Dr Pete Leininger Board Member 3.00
Director
$0 $0 $0
Craig Newmaker Board Member 3.00
Director
$0 $0 $0
Bill Zerella Board Member 3.00
Director
$0 $0 $0
Jerry Pippin Board Member 3.00
Director
$0 $0 $0
Scott Ball Board Member 3.00
Director
$0 $0 $0
David Smith Board Member 3.00
Director
$0 $0 $0
Patrick LeMay Board Member 3.00
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 $263,551 $161,354 $186,465 $102,197
2020 $128,880 $79,758 $85,566 $49,122
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