Prepare Ministries

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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

2004

Legal Domicile

Principal Officer

Gary Gilbertson

Phone

5072021280

Tax Period

2023-01-01 to 2023-12-31

Prepare Ministries, founded in 2004, is a small nonprofit in the Religion sector that reported $232K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $88K, a strong 38% operating margin.

Mission

MULTI-DENOMINATIONAL CAMPUS MINISTRY ORGANIZED TO STRENGTHEN THE SPIRITUAL LIVES OF COLLEGE STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $68,400 Revenue: $1,627

Prepare held several conferences and events including the annual banquet, summer camel camp, regional retreats, fall conference, international mission trips, and more. In total, approximately 300...

Prepare held several conferences and events including the annual banquet, summer camel camp, regional retreats, fall conference, international mission trips, and more. In total, approximately 300 students attended.

Program 2

Expenses: $45,600

Prepare held regular weekly meetings at five college campuses in the regions of Minnesota and Iowa. Additionaly, Prepare facilitated small groups and mentoring relationships outside of regular...

Prepare held regular weekly meetings at five college campuses in the regions of Minnesota and Iowa. Additionaly, Prepare facilitated small groups and mentoring relationships outside of regular meetings. In total, approximately 300 students were benefitted.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $230,593

Program Service Revenue $1,627

Investment Income $246

Other Revenue $0

TOTAL REVENUE $232,466

Expense Breakdown

Grants Paid $6,300

Salaries & Benefits $63,125

Fundraising Expenses $212

Program Expenses $114,000

Other Expenses $75,325

TOTAL EXPENSES $144,750

Year-over-Year Comparison

	2023	2022	Change
Revenue	$232,466	$200,297	+0.2%
Expenses	$144,750	$137,598	+0.1%
Net Income	$87,716	$62,699	+0.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$48,600

Total Directors