BIBLE OPTICS INC (EIN 844393298) - 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

Principal Officer

BARRY SPENCER

Phone

7703134650

Tax Period

2024-01-01 to 2024-12-31

BIBLE OPTICS INC is a small nonprofit in the Human Services sector that reported $349K in total revenue in fiscal year 2024. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $125K, a strong 36% operating margin.

Mission

TO SPREAD THE WORD OF GOD THROUGH BIBLE TEACHINGS AND STUDIES.

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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 $348,771

Program Service Revenue $0

Investment Income $15

Other Revenue $0

TOTAL REVENUE $348,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,597

Fundraising Expenses $0

Program Expenses $196,020

Other Expenses $51,587

TOTAL EXPENSES $224,184

Year-over-Year Comparison

	2024	2023	Change
Revenue	$348,786	$175,417	+1.0%
Expenses	$224,184	$203,525	+0.1%
Net Income	$124,602	$-28,108	-5.4%

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

N/A

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

$119,483

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HASSAN BOYLE	PASTOR	40.00	Director	$119,483	$0	$119,483
BARRY SPENCER	Chairman	0.00	Director	$0	$0	$0
MARTY ANKER	Director	0.00	Director	$0	$0	$0
ROB CUNNINGHAM	Director	0.00	Director	$0	$0	$0
MIKE KENDRICK	Director	0.00	Director	$0	$0	$0
TIM KITTREDGE	Director	0.00	Director	$0	$0	$0
MARK LEWINGTON	Director	0.00	Director	$0	$0	$0
CHAD WADE	Director	0.00	Director	$0	$0	$0
RICHARD WERNICK	Director	0.00	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	$348,786	$224,184	$150,558	$124,602
2022	$171,280	$168,043	$54,064	$3,237
2021	$187,005	$155,390	$50,827	$31,615
2020	$122,612	$103,400	$19,212	$19,212

BIBLE OPTICS INC