THEY NEED THE BIBLE (EIN 882274926) - 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

2023

Legal Domicile

Principal Officer

ANDREW OLSON

Phone

6125649240

Tax Period

2024-01-01 to 2024-12-31

THEY NEED THE BIBLE, founded in 2023, is a small nonprofit in the Religion sector that reported $214K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO OPERATE A NON-DENOMINATIONAL CHRISTIAN MINISTRY AND IMPROVE ACCESS TO THE BIBLE AND OTHER CHRISTIAN AND LITERACY RESOURCES THROUGH TRANSLATION WORK. THIS INCLUDES BUT IS NOT LIMITED TO: 1) ESTABLISHING NETWORKS OF TRANSLATION STAFF AND FACILITATE TRANSLATION TEAMS IN THE UNITED STATES AND ABROAD, 2) MENTORING, EDUCATING AND EMPOWERING TRANSLATORS TO ACCURATELY AND EFFICIENTLY COMPLETE TRANSLATIONS; AND 3) SUPPORTING THE DISTRIBUTION OF EXISTING TRANSLATIONS OF THE BIBLE AND OTHER CHRISTIAN RESOURCES IN THE UNITED STATES AND ABROAD IN THIS SHARED MISSION.

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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 $214,151

Program Service Revenue $0

Investment Income $0

Other Revenue $181

TOTAL REVENUE $214,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,974

Fundraising Expenses $5,357

Program Expenses $133,872

Other Expenses $89,677

TOTAL EXPENSES $211,651

Year-over-Year Comparison

	2024	2023	Change
Revenue	$214,332	$184,192	+0.2%
Expenses	$211,651	$197,340	+0.1%
Net Income	$2,681	$-13,148	-1.2%

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

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

$100,991

Total Directors

$100,991

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW OLSON	FOUNDER	40.00	Officer Director	$82,642	$18,349	$100,991
JAY CHAPMAN	CHIEF TECHNO	1.00	Director	$0	$0	$0
DANIEL HUNTER	CREATIVE ENG	1.00	Director	$0	$0	$0
KEVIN OLSON	DEVOTIONAL S	1.00	Officer Director	$0	$0	$0
JUSTO PILLMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
COLIN SHEAHAN	TREASURER	1.00	Officer Director	$0	$0	$0
NATE WATSON	COMM. SECRET	1.00	Officer Director	$0	$0	$0
NICOLE WATSON	VICE PRESIDE	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
2024	$214,332	$211,651	$34,697	$2,681

THEY NEED THE BIBLE