ALASKA BIBLE COLLEGE

EIN: 943255546 501(c)(3) Education

PALMER, AK

Total Revenue
$682,671
Total Expenses
$1,053,682
Total Assets
$2,342,856
Net Assets
$2,100,967
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
AK
Principal Officer
DAVID P LEY PHD
Phone
9077453201
Tax Period
2024-06-01 to 2025-05-31

ALASKA BIBLE COLLEGE, founded in 1966, is a small nonprofit in the Education sector that reported $683K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 54% operating deficit.

Mission

IN ACCORDANCE WITH THE MANDATE OF MATTHEW 28:19-20 AND 2 TIMOTHY 2:2, ALASKA BIBLE COLLEGE SEEKS TO TRAIN SERVANTS WHO LEAD WITH CHRISTLIKE CHARACTER BY 1.) NURTURING STUDENTS IN BIBLE-BASED, ACADEMIC PROGRAMS THAT SOLIDIFY THEIR CHRISTIAN WORLDVIEW; 2.) CHALLENGING STUDENTS TO DEEPEN THEIR RELATIONSHIP WITH GOD; AND 3.) MENTORING STUDENTS TO FAITHFULLY UTILIZE THEIR SPIRITUAL GIFTS IN CULTURALLY-RELEVANT MINISTRIES WITHIN THE CHURCH COMMUNITY.

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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 $398,758
Program Service Revenue $283,895
Investment Income $18
Other Revenue $0
TOTAL REVENUE $682,671

Expense Breakdown

Grants Paid $48,960
Salaries & Benefits $654,713
Fundraising Expenses $0
Program Expenses $528,025
Other Expenses $350,009
TOTAL EXPENSES $1,053,682

Year-over-Year Comparison

2024 2023 Change
Revenue $682,671 $747,578 -0.1%
Expenses $1,053,682 $1,010,431 +0.0%
Net Income $-371,011 $-262,853 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
32
Volunteers
7

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
5
$116,908
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID P LEY PHD PRESIDENT 40.00
Officer
$86,531 $0 $86,531
LINDA A MOYER CFO 40.00
Officer
$30,377 $0 $30,377
AL STRAWN CHAIR 1.00
Officer Director
$0 $0 $0
CHRIS GATES VICE CHAIR 1.00
Officer Director
$0 $0 $0
DANIEL HARRIS SECRETARY 1.00
Officer Director
$0 $0 $0
RON SCHROCK DIRECTOR 1.00
Director
$0 $0 $0
RON WAYNER DIRECTOR 1.00
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
2025 $682,671 $1,053,682 $2,342,856 $-371,011
2024 $747,578 $1,010,431 $2,632,965 $-262,853
2023 $661,163 $904,070 $3,033,459 $-242,907
2022 $1,598,571 $977,160 $3,170,200 $621,411
2021 $1,445,284 $1,160,690 $2,818,507 $284,594
2020 $899,337 $946,582 $2,643,082 $-47,245
2019 $977,328 $937,090 $2,585,752 $40,238
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