Montana Bible College 
The information on this page was last updated 10/13/2026. If you see errors or omissions, please email: [email protected]
Summary
Montana Bible College is an independent, evangelical, four-year Bible college located in Billings, Montana.
Contact information
Mailing address:
Montana Bible College
1519 S Shiloh Rd.
Billings, MT 59106
Website: www.montanabiblecollege.edu
Phone: (406) 586-3585
Organization details
EIN: 810444020
CEO/President: Joe King
Chairman: Tony Gaffke Tony Gaffke
Board size: 5
Founder:
Ruling year: 1987
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 2012
Purpose
Our core purpose is to participate in God's expansion of His Kingdom and the global advancement of the gospel of Jesus Christ.
Mission statement
MBC provides quality education that shapes Christian leaders through Academics, Service, and Discipleship.
Statement of faith
Preface
The following preface helps solidly situate Montana Bible College in the historic tradition of evangelical orthodoxy as foundational to its overall mission statement.
Since Montana Bible College exists to equip "future Christian leaders to be gospel-centered disciple-makers for the glory of God and the advancement of his Church," its theological identity is firmly anchored in the Church's historic creeds: The Apostles' Creed, the Nicene-Constantinopolitan Creed, the Athanasian Creed, and the Formula of Chalcedon. Moreover, as an evangelical institution, Montana Bible College generally aligns itself with the heritage of the Protestant Reformation, all of which accurately exposits the teaching of Holy Scripture. The foregoing doctrinal statement affirms the following in keeping with the above.
THE HOLY SCRIPTURES
We believe the Scriptures, both the Old and the New Testaments, to be verbally inspired by God in the original writings, and are, therefore, inerrant, infallible and complete. Thus, they are the supreme and final authority in faith and life. (2 Timothy 3:16-17; 2 Peter 1:20-21; 1 Corinthians 2:13) In this regard, we fully subscribe to the Chicago Statement on Biblical Inerrancy." Here is the link: https://www.thegospelcoalition.org/themelios/article/the-chicago-statement-on-biblical-inerrancy/
THE HOLY TRINITY
We believe in one Triune God existing in three persons: Father, Son and Holy Spirit, eternal in being, identical in nature, equal in power and glory, and having the same perfections and attributes. (Deuteronomy 6:4; Matthew 28:18-19; 2 Corinthians 13:14)
GOD THE FATHER
We believe in God the Father as the Source of Salvation, as the One who sent the Son into the world, and as the Author of the Divine plan for the universe. In a non-spiritual sense He is the Father of all by virtue of the Creator-creature relationship, but in a spiritual sense He is the Father of all who believe in Christ. He is the Initiator of redemption; He seeks worship from His children, and is their Disciplinarian unto righteousness. (Acts 17:29; Galatians 3:26; John 6:44; 4:23; Hebrews 12:9)
GOD THE SON
We believe that Jesus Christ, the Son of God, was conceived by the Holy Spirit and born of the Virgin Mary in order that He might reveal God and redeem sinful man. We believe that He is True God, thus eternal in His existence, and true man, but without sin of any kind. We believe that He accomplished our redemption through His death on the cross as a propitiatory and substitutionary sacrifice, and that our redemption is made sure by His resurrection from the dead in the identical, though glorified, body in which He was crucified. (Luke 1:26-28; John 1:14; 14:6-11; Romans 3:24-25; 1 Peter 1:3-5)
We believe that the Lord Jesus Christ ascended into Heaven and is now exalted at the right hand of God where, as His Priest for His people, He ministers on their behalf as Representative, Intercessor, and Advocate. (Hebrews 9:24; 7:25; Romans 8:34; 1 John 2:1-2)
We believe in the personal and imminent return of our Lord and Savior, Jesus Christ, and in His kingdom reign upon the earth. (1 Thessalonians 4:13-18; Zechariah 14:4-11; Revelation 20:6)
GOD THE HOLY SPIRIT
We believe that the Holy Spirit indwells every believer; that He baptizes them into the Body of Christ at the moment of conversion and seals them until the day of redemption. His ministry in believers is to cause them to glorify Jesus. We believe that the Holy Spirit sovereignly bestows spiritual gifts upon the children of God at conversion for service in the Body of Christ. (Romans 8:9; 1 Corinthians 12:12-14; Ephesians 1:13-14; 2:20, 4:8-13, 5:18-20; John 16:14; 2 Corinthians 12:11-12; Acts 10:44-47; Isaiah 28:11ff, 1 Corinthians 14:20-22)
CREATION
We believe that, for His own glory, God personally created the existing universe with all its basic systems and kinds of organisms in the six literal days of the creation week. (Genesis 1:1, 31; 2:1-3; Exodus 20:11; 31:17; Romans 11:36; Colossians 1:16)
MAN
We believe that all humans are individually created in the image of God, their personhood established at conception. Adam and Eve were created sinless, but subsequently fell and thereby incurred not only physical death but also spiritual death, which is separation from God. Having inherited this sin nature, we believe that humans are sinners by birth, by nature, by choice and by practice, and thus come under condemnation of God. (Genesis 1:25-27; 3:1-19; Romans 3:10-16: 5:12-21; Ephesians 2:1-3,12; Jeremiah 1:4-5; Luke 1:39-44; Psalm 51:5; 139:13-16; Exodus 21:22-25; Leviticus 19:14; Romans 5:3-4; James 1:2-4; Philippians 1:20-26; 2 Timothy 4:6-8)
We believe in the sanctity of marriage as God-ordained, a special union between a man and a woman (genetically defined) within which sexual relations are honored and affirmed by God. We believe that all sexual unions and activities, outside of marriage as defined above, are in violation of God's design and revealed will. (Genesis 2:22-25; Proverbs 5:15-23; Romans 1:26-27; 1 Corinthians 6:9-10)
SALVATION
We believe that salvation is a gift of God, and that all who receive by faith the Lord Jesus Christ are born again by the Spirit of God, thereby receiving eternal life and thus becoming children of God. We believe that saving faith is manifested in works pleasing to God. (John 1:12; Ephesians 2:8, 9; Titus 2:11-14; 3:5)
We believe that all true believers once saved shall be kept saved forever. (Romans 8:1, 38-39; John 10:27-30; Philippians 1:6)
THE CHURCH
We believe that the Church is a spiritual organism made up of all born again believers regardless of their denominational or organizational affiliation. We believe that the local church is the visible manifestation of this spiritual organism. We believe in the equal standing of male and female before Christ with unique God-given roles in the local church and in marriage. As an interdenominational Christian academic institution, Montana Bible College does not officially endorse the polity of any particular denomination. (Ephesians 1:22-23; 5:25-27; 1 Corinthians 12:12-14; Galatians 3:26-29; 1 Timothy 2:11-15; Ephesians 5:22-33; Titus 2:3-5; 1 Peter 5:1-4, 1 Timothy 3:1-7)
THE RESURRECTION AND FINAL STATE
We believe in the bodily resurrection of the just and the unjust. We believe in the everlasting blessedness of the saved, and the everlasting, conscious punishment of the unsaved. (Mark 9:43-48; Revelation 20:4-6, 10-15; 22:3-5, 11)
SUBMISSION TO SCRIPTURE POLICY
Montana Bible College shall conform to Biblical truth in all its policies, standards and practices. Biblical truth is discovered and determined through a literal historical/grammatical interpretation of Scripture.
Donor confidence score
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Transparency grade
C
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Financial efficiency ratings
Sector: Colleges/Universities
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 465 of 1582 | 47 of 160 |
| Fund acquisition rating | | 28 of 1583 | 6 of 160 |
| Resource allocation rating | | 1515 of 1583 | 150 of 160 |
| Asset utilization rating | | 329 of 1583 | 35 of 160 |
According to the organization's Form 990, it received $268,000 in government grants in 2025.
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 12% | 2% | 6% | 7% | 4% | 4% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 1% | 1% | 2% | 2% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 15% | 67% | 9% | 31% | 42% | 40% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 1% | 0% | 2% | 2% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 85% | 33% | 91% | 69% | 58% | 60% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 67% | 90% | 62% | 72% | 73% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 111% | 148% | 134% | 96% | 102% |
Program output ratio Program output ratio = Program services / Total revenue | 80% | 75% | 133% | 83% | 69% | 74% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | -11% | -48% | -34% | 4% | -2% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | -16% | -229% | -12% | 1% | -1% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 32% | 9% | 36% | 26% | 25% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.51 | 0.64 | 3.15 | 0.45 | 0.34 | 0.31 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.75 | 6.77 | 3.05 | 5.98 | 5.53 | 6.02 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.41 | 4.35 | 9.62 | 2.67 | 1.87 | 1.87 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.20 | 2.12 | 7.57 | 6.44 | 9.92 | 13.29 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.47 | 0.13 | 0.16 | 0.10 | 0.08 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.24 | 1.46 | 1.08 | 3.79 | 5.77 | 5.92 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 20% | 60% | 56% | 6% | 2% | 1% |
Debt ratio Debt ratio = Debt / Total assets | 9% | 0% | 0% | 3% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 153% | 62% | 14% | 211% | 290% | 317% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $196,563 | $568,716 | $413,182 | $555,683 | $540,621 |
| Receivables, inventories, prepaids | $111,149 | $92,420 | $137,129 | $102,733 | $56,064 |
| Short-term investments | $5,540 | $63,020 | $23,915 | $23,916 | $22,718 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $313,252 | $724,156 | $574,226 | $682,332 | $619,403 |
| Long-term investments | $0 | $290,700 | $282,948 | $429,872 | $455,652 |
| Fixed assets | $424,216 | $62,704 | $2,566,208 | $2,661,395 | $2,655,540 |
| Other long-term assets | $1,382,232 | $1,131,956 | $12,317 | $0 | $0 |
| Total long-term assets | $1,806,448 | $1,485,360 | $2,861,473 | $3,091,267 | $3,111,192 |
| Total assets | $2,119,700 | $2,209,516 | $3,435,699 | $3,773,599 | $3,730,595 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $147,610 | $95,707 | $76,852 | $50,124 | $26,133 |
| Other current liabilities | $0 | $0 | $12,365 | $18,674 | $20,487 |
| Total current liabilities | $147,610 | $95,707 | $89,217 | $68,798 | $46,620 |
| Debt | $0 | $0 | $100,000 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $1,126,800 | $1,131,956 | $12,317 | $0 | $0 |
| Total long-term liabilities | $1,126,800 | $1,131,956 | $112,317 | $0 | $0 |
| Total liabilities | $1,274,410 | $1,227,663 | $201,534 | $68,798 | $46,620 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $707,833 | $804,400 | $2,907,412 | $3,410,083 | $3,464,982 |
| With donor restrictions | $137,457 | $177,453 | $326,753 | $294,718 | $218,993 |
| Net assets | $845,290 | $981,853 | $3,234,165 | $3,704,801 | $3,683,975 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $818,713 | $427,046 | $360,138 | $554,099 | $460,007 |
| Program service revenue | $382,048 | $523,480 | $672,836 | $640,510 | $545,836 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | ($37,417) | $3,756,079 | $17,020 | $38,778 | $40,358 |
| Other revenue | $61,709 | $5,239 | $98,315 | $98,512 | $94,015 |
| Total other revenue | $406,340 | $4,284,798 | $788,171 | $777,800 | $680,209 |
| Total revenue | $1,225,053 | $4,711,844 | $1,148,309 | $1,331,899 | $1,140,216 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $912,751 | $6,284,393 | $949,009 | $918,840 | $845,975 |
| Management and general | $431,650 | $655,117 | $559,125 | $335,139 | $295,063 |
| Fundraising | $17,215 | $24,646 | $26,479 | $22,780 | $19,945 |
| Total expenses | $1,361,616 | $6,964,156 | $1,534,613 | $1,276,759 | $1,160,983 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | ($136,563) | ($2,252,312) | ($386,304) | $55,140 | ($20,767) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($136,563) | ($2,252,312) | ($386,304) | $55,140 | ($20,767) |
Compensation
| Name | Title | Compensation |
| Ryan Ward | President-Pa | $82,008 |
| Joe King | President | $76,062 |
Compensation data as of: 6/30/2025
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 10/13/2026. To update the information below, please email: [email protected]