The Word Is Out
Nonprofit profile at a glance
- EIN
- 884355531
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Wilmore, KY, USA
- Phone
- 8593009439
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy
- Affiliation
- Christianity
Reported finances
- Revenue
- $154,784
- Expenses
- $189,216
- Assets
- $170,920
- Liabilities
- $749
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
People named in this filing
- Tori Konopinski (Secretary)
- Dr David Bauer (Director)
- Matthew Ladisa (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Word Is Out is a mission based nonprofit organization that seeks to bring Biblical literacy to the world by leaders through global seminars and conferences, equipping Church leaders globally to be competent interpreters and teachers of the Bible. Our mission is to acquaint followers of Christ with the source documents of their faith.
What it reported doing in 2024
To paraphrase Paul in 1 Corinthians 16:9, ? a wide door for effective work has opened to us? in Zambia. To date, we have focused on developing a residential training facility in Lusaka the capital city. However, our team there has been conducting training in the Copperbelt province, about a 6-hour drive north of Lusaka. Along a 100-mile corridor within this province lie some of the largest cities in Zambia, representing a significant percentage of Zambia? s overall population. We have connected with and begun training for a number of churches and ministry networks. We have also made connections with two large conference facilities that have opened their doors to us for training. The possibilities here are enormous. Toward that end, we have re-directed our indigenous Zambian team from an attractional model that requires people to come to us to an apostolic model whereby we are sending our team to the people. Our reach will be much greater than we had envisioned if we can properly develop, equip, and deploy a growing cadre of instructors. 2. We have been piloting courses introducing lay persons in the US to Inductive Bible Study. After over three years of beta testing, we are ready to launch our first multi-site course offering this fall. The offering will consist of groups in the eastern half of the US gathering in their churches or ministry locations and joining a live Zoom call for weekly lessons. Upon completion of the six-week course, students will earn credit for the experience, and that credit will satisfy the pre-requisite requirements for the next course. This work is hard to quantify financially insofar as it involves a great deal of intangible resources and investment. 3. We completed filming of the second ? Through the Bible? course in a series featuring the teaching of Dr. Alan Meenan, founder and President Emeritus of The Word Is Out. The first course was filmed in Amarillo, Texas, at First Presbyterian Church Oct 2022. This more recent filming took place on the campus of Asbury Theological Seminary in Wilmore, Kentucky May 2024. We have funding in place to film two more courses, and our hope is to do a total of twelve courses? thus rounding out the series that Alan initially envisioned in the 1970? s.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 28
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -22.2%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0.9; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 3.6%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -70.2% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: -18.2% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $189K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 7/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.
- High — Sustainability: Officer compensation ratio scored 24/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.