PSALMS 823 MINISTRIES DBA ACADEMY BRIDGE PROGRAM

EIN: 275121814 501(c)(3) Religion

MILES, TX

Total Revenue
$132,650
Total Expenses
$136,479
Total Assets
$58,203
Net Assets
$58,203
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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
2011
Legal Domicile
TX
Principal Officer
TODD HUCKABEE
Phone
3256569794
Tax Period
2023-01-01 to 2023-12-31

PSALMS 823 MINISTRIES DBA ACADEMY BRIDGE PROGRAM, founded in 2011, is a small nonprofit in the Religion sector that reported $133K in total revenue in fiscal year 2023.

Mission

THE SPECIFIC OBJECTIVES AND PURPOSES OF THIS CORPORATION SHALL BE: TO FINANCIALLY AND ADMINISTRATIVELY SUPPORT CHRISTIAN MISSIONARIES AND MINISTRIES ACROSS THE UNITED STATES AND INTERNATIONALLY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $132,650
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $132,650

Expense Breakdown

Grants Paid $51,250
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $99,460
Other Expenses $85,229
TOTAL EXPENSES $136,479

Year-over-Year Comparison

2023 2022 Change
Revenue $132,650 N/A N/A
Expenses $136,479 N/A N/A
Net Income $-3,829 $0 N/A
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
3
Independent Members
3
Employees
N/A
Volunteers
10

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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD HUCKABEE PRESIDENT 1.00
Officer Director
$0 $0 $0
AUSTIN HUCKABEE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BONNIE HUCKABEE SECRETARY/TREAS 2.00
Officer 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
2023 $132,650 $136,479 $58,203 $-3,829
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