PSALM 13 MINISTRIES

EIN: 043757377 501(c)(3) Religion

AMARILLO, TX

Total Revenue
$173,555
Total Expenses
$210,382
Total Assets
$266,038
Net Assets
$223,650
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
TX
Principal Officer
JEFF GRAHAM
Phone
8063526611
Tax Period
2025-01-01 to 2025-12-31

PSALM 13 MINISTRIES, founded in 2003, is a small nonprofit in the Religion sector that reported $174K in total revenue in fiscal year 2025. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $210K exceeded revenue, resulting in a 21% operating deficit.

Mission

PSALM 3:1 MINISTRY WILL: RECEIVE AND MAINTAIN A FUND OR FUNDS OF REAL OR PERSONAL PROPERTY, OR BOTH, AND, SUBJECT TO THE RESTRICTIONS AND LIMITATIONS HEREINAFTER SET FORTH, TO USE AND APPLY THE WHOLE OR ANY PART OF THE INCOME THEREFROM AND THE PRINCIPAL THEREOF EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, AND/OR EDUCATIONAL PURPOSES EITHER DIRECTLY OR BY CONTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ITS REGULATIONS AS THEY NOW EXIST OR AS THEY MAY HEREAFTER BE AMENDED. SPECIFICALLY, WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, THE PURPOSE OF THE CORPORATION IS TO PREACH THE GOSPEL OF JESUS CHRIST TO EVANGELIZE SPANISH-SPEAKING PEOPLES IN THE NATION OF MEXICO AND OTHER NATIONS WHEREIN THE PRIMARY LANGUAGE IS SPANISH, AND TO MINISTER TO THE PHYSICAL AND SPIRITUAL NEEDS OF THE PEOPLE IN THOSE NATIONS ACCORDING TO THE GOSPEL OF JESUS CHRIST AND TO OBTAIN AND HOLD FUNDS, PROPERTIES AND RESOURCES FOR SUCH PURPOSES;

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $164,769
Program Service Revenue $0
Investment Income $8,786
Other Revenue $0
TOTAL REVENUE $173,555

Expense Breakdown

Grants Paid $0
Salaries & Benefits $48,000
Fundraising Expenses $8,823
Program Expenses $155,434
Other Expenses $162,382
TOTAL EXPENSES $210,382

Year-over-Year Comparison

2025 2024 Change
Revenue $173,555 $233,154 -0.3%
Expenses $210,382 $233,535 -0.1%
Net Income $-36,827 $-381 +95.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
3
Employees
1
Volunteers
N/A

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
3
$48,000
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF GRAHAM PRESIDENT 40.00
Officer
$48,000 $0 $48,000
C EDWARD SAUER DDS DIRECTOR 2.00
Director
$0 $0 $0
HALEE DESIMONE DIRECTOR 1.00
Director
$0 $0 $0
JIM DOUTHITT DDS MS DIRECTOR 2.00
Director
$0 $0 $0
PATTY GRAHAM VP/TREASURER 5.00
Officer
$0 $0 $0
DENISE SMITH SECRETARY 2.00
Officer
$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 $173,555 $210,382 $266,038 $-36,827
2024 $233,154 $233,535 $265,317 $-381
2023 $235,740 $263,613 $263,021 $-27,873
2022 $288,285 $245,923 $302,329 $42,362
2021 $302,437 $253,018 $272,680 $49,419
2020 $236,831 $246,369 $230,535 $-9,538
2019 $314,473 $275,664 $240,390 $38,809
2018 $321,073 $260,188 $169,719 $60,885
Explore More Nonprofits
Top 100 Nonprofits in Texas Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare PSALM 13 MINISTRIES with other nonprofits in Texas and across the country.