Prepare Ministries (EIN 201905688) - Form 990 Financial Analysis & Trantor Score

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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.

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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

$48,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gary Gilbertson	Executive Dir.	50.00	Officer Director	$48,600	$0	$48,600
Adam Johnson	Chair/Treasurer	2.00	Officer Director	$0	$0	$0
Dennis Lundquist	Director	0.00	Director	$0	$0	$0
Kathleen Lundquist	Director	0.00	Director	$0	$0	$0
Karen Oglesby	Director	0.00	Director	$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
2024	No data	No data	No data	No data
2023	$232,466	$144,750	$904,593	$87,716
2022	$200,297	$137,598	$805,148	$62,699
2021	$241,027	$123,553	$740,510	$117,474
2020	$255,126	$120,438	$618,753	$134,688
2018	$205,475	$135,833	$417,221	$69,642

Prepare Ministries