PEOPLE OF PRAISE INC

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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

1971

Legal Domicile

Principal Officer

Charlie Fraga

Phone

5742345088

Tax Period

2022-07-01 to 2023-06-30

PEOPLE OF PRAISE INC, founded in 1971, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2022. Expenses of $3.6M left a modest 13% surplus.

Mission

To provide teaching and training programs to develop Christian leadership and personal Christian growth for the entire membership. Member activities include youth programs retreats music ministries & pastoral care. Evangelical outreach programs are comprised of missionaries to various cities public revival meetings & conferences.

Program Service Accomplishments

Program 1

Expenses: $1,826,936 Revenue: $1,823,367

Teaching & training programs to develop Christian leadership and personal Christian growth for the entire membership. This includes meetings conferences and travel.

Program 2

Expenses: $427,763 Revenue: $503,661

Evangelical outreach programs are comprised of missionaries in various cities public revival meetings and youth training including conferences. It also includes missionary rent staff payroll...

Evangelical outreach programs are comprised of missionaries in various cities public revival meetings and youth training including conferences. It also includes missionary rent staff payroll utilities travel food and other miscellaneous expenses for the youth programs.

Program 3

Expenses: $284,106 Revenue: $213,392

Member activities include Action Division youth camps in poor neighborhoods retreats pastoral care and training and neighborhood picnics.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,766,644

Program Service Revenue $719,765

Investment Income $464,889

Other Revenue $178,116

TOTAL REVENUE $4,129,414

Expense Breakdown

Grants Paid $157,224

Salaries & Benefits $1,542,520

Fundraising Expenses $27,745

Program Expenses $2,538,805

Other Expenses $1,891,648

TOTAL EXPENSES $3,591,392

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,129,414	$4,204,160	0.0%
Expenses	$3,591,392	$5,769,091	-0.4%
Net Income	$538,022	$-1,564,931	-1.3%

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

N/A

Employees

Volunteers

443

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

$184,595

Total Directors

$435,051

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Fraga	President	40.00	Officer Director	$78,057	$0	$78,057
Paul Kane	CFO non-voting	10.00	Officer	$20,849	$10,482	$92,064
Nicholas Holovaty	Secretary Director	40.00	Officer Director	$14,474	$0	$14,474
Thomas Caneff	Director	3.00	Director	$2,000	$273	$83,873
Sean Connolly	Director	40.00	Director	$69,365	$9,421	$78,786
Daniel Kabele	Director	3.00	Director	$2,000	$0	$32,358
Robert Magill	Director	20.00	Director	$38,488	$0	$38,488
Patrick Murphy	Director	3.00	Director	$2,000	$10,652	$78,162
John Zwerneman	Director	30.00	Director	$30,853	$0	$30,853

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$4,129,414	$3,591,392	$18,628,112	$538,022
2022	$4,204,160	$5,769,091	$17,441,848	$-1,564,931
2021	$5,092,243	$5,067,162	$18,737,692	$25,081