PRECIOUS GIFT MINISTRIES

EIN: 311245978 501(c)(3) Religion

Brookville, OH

Total Revenue
$334,719
Total Expenses
$291,940
Total Assets
$37,336
Net Assets
$36,705
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
OH
Principal Officer
Donald Parrett
Phone
9373054746
Tax Period
2025-01-01 to 2025-12-31

PRECIOUS GIFT MINISTRIES, founded in 1988, is a small nonprofit in the Religion sector that reported $335K in total revenue in fiscal year 2025. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $292K left a modest 13% surplus.

Mission

Establish churches, train pastors and church leaders, disciple believers, evangelize the non-Christian, and distribute Bibles and Christian literature.

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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 (2025)

Revenue Breakdown

Contributions & Grants $334,719
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $334,719

Expense Breakdown

Grants Paid $0
Salaries & Benefits $99,227
Fundraising Expenses $1,756
Program Expenses $232,476
Other Expenses $192,713
TOTAL EXPENSES $291,940

Year-over-Year Comparison

2025 2024 Change
Revenue $334,719 $266,246 +0.3%
Expenses $291,940 $298,622 0.0%
Net Income $42,779 $-32,376 -2.3%
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

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Governance

Voting Members
7
Independent Members
5
Employees
1
Volunteers
5

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
$99,227
Total Directors
5
$99,227
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Donald Parrett Director 60
Officer Director Highest
$0 $99,227 $99,227
Rev Gary Trenum Trustee 0
Director
$0 $0 $0
Rev William Pepper Trustee 0
Director
$0 $0 $0
Harold Hennies Trustee 0
Director
$0 $0 $0
Steve Proeschel Trustee 0
Director
$0 $0 $0
Theresa Parrett Vice Director 10
Officer
$0 $0 $0
Rhonda Nelson Secretary/Treasury 10
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
2025 $334,719 $291,940 $37,336 $42,779
2024 $266,246 $298,622 $13,879 $-32,376
2023 $300,107 $320,328 $38,181 $-20,221
2022 $351,927 $321,638 $60,392 $30,289
2021 $309,550 $373,479 $28,385 $-63,929
2020 $417,329 $373,351 $84,892 $43,978
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