BIBLE LITERATURE ONLINE

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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

2020

Legal Domicile

Principal Officer

D MICHAEL KRAMER

Phone

4237166097

Tax Period

2024-08-01 to 2025-07-31

BIBLE LITERATURE ONLINE, founded in 2020, is a micro nonprofit in the Education sector that reported $23K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $112K exceeded revenue, resulting in a 386% operating deficit.

Mission

TO DEVELOP AND DISTRIBUTE BIBLE LITERATURE CONTENT IN DIGITAL FORM TO BE OFFERED AS ONLINE, ELECTIVE, FOR-CREDIT COURSES TO SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $92,777 Revenue: $4,600

THE DEVELOPMENT AND DISTRIBUTION OF BIBLE LITERATURE CONTENT IN DIGITAL FORM. THESE FOLLOWING SERVICES ARE USED IN THE CREATION OF CONTENT FOR BIBLE LITERATURE ONLINE: CONTENT CREATION: CONTRACT WITH VARIOUS SCHOLARS, WRITERS, EDITORS TO DEVELOP CONTENT FOR BIBLE RELATED COURSES THAT MEETS STATE AND LOCAL REQUIREMENTS. COURSE INSTRUCTIONAL DESIGN: CONTRACT WITH A THIRD PARTY PROVIDER TO TAKE WRITTEN CONTENT AND ADD INSTRUCTIONAL DESIGN FEATURES (ASSIGNMENTS, KNOWLEDGE CHECKS, VOCABULARY, DIGITAL ARTIFACTS, ETC) AND LOAD THEM INTO A LEARNING MANAGEMENT SYSTEM (LMS) INTEGRATED WITH A STUDENT INFORMATION SYSTEM (SIS).LMS HOSTING AND SUPPORT: CONTRACT WITH A THIRD PARTY PROVIDER TO HOST THE ONLINE CONTENT IN AN LMS AND ALSO PROVIDE TECHNICAL SUPPORT FOR SCHOOL DISTRICTS, STUDENTS, AND PARENTS.CONTENT LEGAL REVIEW: CONTRACT WITH LEGAL FIRM TO REVIEW ALL WRITTEN CONTENT AND INSTRUCTIONAL DESIGN TO INSURE CONSTITUTIONAL COMPLIANCE.PROJECT MANAGEMENT: CONTRACT WITH A THIRD PARTY TO OVERSEE ENTIRE COURSE CREATION PROCESS AND REVIEW AND MANAGE ALL SUPPLIER RELATIONSHIPS.

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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 $18,360

Program Service Revenue $4,600

Investment Income $0

Other Revenue $0

TOTAL REVENUE $22,960

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $92,777

Other Expenses $111,699

TOTAL EXPENSES $111,699

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,960	$57,800	-0.6%
Expenses	$111,699	$100,178	+0.1%
Net Income	$-88,739	$-42,378	+1.1%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
D MICHAEL KRAMER	DIRECTOR, CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRISTOPHER MACLELLAN	DIRECTOR, SECRETARY	1.00	Officer Director	$0	$0	$0
MAREN HALVORSON	DIRECTOR, TREASURER	1.00	Officer 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
2025	$22,960	$111,699	$188,060	$-88,739
2024	$57,800	$100,178	$276,799	$-42,378
2023	$6,835	$72,705	$319,177	$-65,870
2022	No data	$153,214	$385,047	No data
2021	$625,425	$87,164	$538,261	$538,261