Walk Thru the Bible Ministries Inc

Nonprofit profile at a glance

EIN
930669857
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Peachtree Corners, GA, USA
Phone
6785785521
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Christianity

Official website

Reported finances

Revenue
$5,131,445
Expenses
$4,930,592
Assets
$1,778,190
Liabilities
$171,577

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • PHILIP TUTTLE (PRESIDENT & CEO)

Highest reported compensation

  • PHILIP TUTTLE (PRESIDENT & CEO): $233,424 total reported compensation
  • MICHAEL GUNNIN (EXECUTIVE VP & CHIEF GROWTH OFFICER): $173,933 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Walk thru the bible (wtb) ignites passion for god's word. By developing a global network of influential pastors and leaders and then resourcing them with tools and training, wtb fulfills its role in the great commission.

What it reported doing in 2024

Discipleship resources: for more than four decades, walk thru the bible has been dedicated to igniting passion for god's word through innovative live events, inspiring biblical resources, and a global impact that changes lives worldwide. Our resources help people grow in the relationship with god and their knowledge of the scriptures. Known for innovative methods and high-quality resources, we serve the whole body of christ across denominational, cultural, and national lines. We partner with the local church worldwide to fulfill its mission, communicating the truths of god's word in a way that makes the bible readily accessible to anyone. Through our strong global network, we are strategically positioned to address the church's greatest need: developing mature, committed, and spiritually reproducing believers. Our live events and small-group curricula are taught in more than 45 languages by more than 25,000 trained instructors in more than 100 countries. More than 100 million devotionals have been packaged into daily magazines, books, and other publications that reach over five million people each year.

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 47% for direct work, and 53% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 76
  • Accountability: 94
  • Sustainability: 37
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.7%; rating input score 77
  • Program expense ratio: 79.7%; rating input score 80
  • Fundraising efficiency: $7.61 raised per $1 spent on fundraising; rating input score 29; 29th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 3 of 8 controls in place; rating input score 38
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Limited
    • Conducts field audits: Limited
    • May suspend future funding: Limited
    • Requires financial reports: Pass
    • Conducts site visits: Pass
    • Requires grant agreements: Limited
    • May require repayment: Limited
  • Grant itemization coverage: 100%; rating input score 100; 44th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 88.9%; rating input score 89; 20th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.9%; rating input score 47; 47th percentile among comparable filings
  • Total-asset coverage ratio: 0.36; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 59; 59th percentile among comparable filings
  • Officer compensation ratio: 8.3%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: 4.5% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: -0.9% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -7.4% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 76.7% of revenue deployed · 79.7% of spending went to programs
  • Governance: 8 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $3.9M in reported program spending
  • Leadership: top reported pay $233K · 12 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 38 of 38 current checks pass
  • Schedules: 8 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 29/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • Moderate — Sustainability: Operating margin scored 47/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 36/100.
  • Review — Sustainability: Liabilities to assets ratio scored 59/100.