FIRST PRIORITY GLOBAL MINISTRIES (EIN 260701963) - 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

2007

Legal Domicile

Principal Officer

BENNY PROFFITT

Phone

6155049646

Tax Period

2022-01-01 to 2022-12-31

FIRST PRIORITY GLOBAL MINISTRIES, founded in 2007, is a community nonprofit in the Religion sector that reported $1.9M in total revenue in fiscal year 2022. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 6% surplus.

Mission

TO PRESENT THE GOOD NEWS OF JESUS CHRIST TO PEOPLE THROUGHOUT THE WORLD, TO LAUNCH NEW MINISTRY ENDEAVORS, AND TO ENGAGE IN ANY ACTIVITY THAT WOULD FURTHER ADVANCE THE KINGDOM OF GOD IN THIS WORLD.

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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 $1,843,952

Program Service Revenue $0

Investment Income $0

Other Revenue $15,938

TOTAL REVENUE $1,859,890

Expense Breakdown

Grants Paid $939,667

Salaries & Benefits $340,124

Fundraising Expenses $25,565

Program Expenses $1,613,824

Other Expenses $468,527

TOTAL EXPENSES $1,748,318

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,859,890	$1,210,760	+0.5%
Expenses	$1,748,318	$1,000,320	+0.7%
Net Income	$111,572	$210,440	-0.5%

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

$72,166

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENNY PROFFITT	CEO	45.00	Officer	$10,666	$61,500	$72,166
BRANDON BUSH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MINGS	DIRECTOR	1.00	Director	$0	$0	$0
PETER ABUNGU	DIRECTOR	45.00	Director	$0	$0	$0
HANK ERWIN	DIRECTOR	1.00	Director	$0	$0	$0
JASON LOVOY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES ABBOTT	SECRETARY/TREASURER	20.00	Officer	$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
2022	$1,859,890	$1,748,318	$716,213	$111,572
2021	$1,210,760	$1,000,320	$611,007	$210,440
2020	$812,150	$510,183	$402,135	$301,967
2019	$414,040	$377,394	$61,611	$36,646
2018	$209,740	$190,518	$36,001	$19,222

FIRST PRIORITY GLOBAL MINISTRIES