Keep Believing Ministries

EIN: 204619337 501(c)(3) Religion

Elmhurst, IL

Total Revenue
$347,348
Total Expenses
$328,153
Total Assets
$790,813
Net Assets
$790,409
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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
2005
Legal Domicile
IL
Principal Officer
C Raymond Pritchard
Phone
6305750400
Tax Period
2024-01-01 to 2024-12-31

Keep Believing Ministries, founded in 2005, is a small nonprofit in the Religion sector that reported $347K in total revenue in fiscal year 2024. Expenses of $328K left a modest 6% surplus.

Mission

Christian ministry through web based resources and books

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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 (2024)

Revenue Breakdown

Contributions & Grants $325,865
Program Service Revenue $14,300
Investment Income $16,736
Other Revenue $-9,553
TOTAL REVENUE $347,348

Expense Breakdown

Grants Paid $0
Salaries & Benefits $195,080
Fundraising Expenses $0
Program Expenses $248,383
Other Expenses $133,073
TOTAL EXPENSES $328,153

Year-over-Year Comparison

2024 2023 Change
Revenue $347,348 $357,422 0.0%
Expenses $328,153 $333,674 0.0%
Net Income $19,195 $23,748 -0.2%
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
6
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
$0
Total Directors
7
$195,080
Key Employees
1
$195,080
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr C Raymond Pritchard President CEO, Director 040.00
Director Key Emp Highest
$195,080 $0 $195,080
David Hoy Esq Chairman, Director 005.00
Officer Director
$0 $0 $0
MaryAnn Spiegel Treasurer, Director 005.00
Officer Director
$0 $0 $0
Doreen Mahlstedt Secretary, Director 010.00
Officer Director
$0 $0 $0
Rev Brian BIll Director 001.00
Director
$0 $0 $0
Bert Duncan Director 001.00
Director
$0 $0 $0
Rev Ed Kuriscak Director 001.00
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 $347,348 $328,153 $790,813 $19,195
2023 $357,422 $333,674 $772,655 $23,748
2022 $355,955 $321,620 $748,594 $34,335
2021 $372,061 $265,008 $720,385 $107,053
2020 $314,379 $269,946 $605,851 $44,433
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