PREACHIT INC

EIN: 201865059 501(c)(3) Education

Valparaiso, IN

Total Revenue
$565,602
Total Expenses
$739,823
Total Assets
$2,679,326
Net Assets
$830,311
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
IN
Principal Officer
JAMES SMITH
Phone
2194059439
Tax Period
2025-01-01 to 2025-12-31

PREACHIT INC, founded in 2008, is a small nonprofit in the Education sector that reported $566K in total revenue in fiscal year 2025. Expenses of $740K exceeded revenue, resulting in a 31% operating deficit.

Mission

SCRIPTURAL/MINISTRY EVANGELIZATION

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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 (2025)

Revenue Breakdown

Contributions & Grants $64,411
Program Service Revenue $493,559
Investment Income $7,632
Other Revenue $0
TOTAL REVENUE $565,602

Expense Breakdown

Grants Paid $0
Salaries & Benefits $455,471
Fundraising Expenses $6,418
Other Expenses $284,352
TOTAL EXPENSES $739,823

Year-over-Year Comparison

2025 2024 Change
Revenue $565,602 $560,691 +0.0%
Expenses $739,823 $756,000 0.0%
Net Income $-174,221 $-195,309 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
7
Independent Members
7
Employees
6
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
1
$125,000
Total Directors
2
$187,000
Key Employees
1
$62,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES SMITH PRESIDENT 040.00
Officer Director Highest
$125,000 $0 $125,000
NATALIE SMITH SECRETARY 035.00
Director Key Emp
$62,000 $0 $62,000
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 $565,602 $739,823 $2,679,326 $-174,221
2024 $560,691 $756,000 $2,370,196 $-195,309
2023 $581,154 $864,001 $1,815,646 $-282,847
2022 $703,566 $878,503 $1,528,910 $-174,937
2021 $697,709 $808,949 $1,706,747 $-111,240
2020 $1,003,039 $938,346 $1,870,803 $64,693
2019 $833,796 $914,860 $1,416,282 $-81,064
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