Praise Broadcasting Network Inc (EIN 330174774) - 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

1986

Legal Domicile

Principal Officer

Patrick Rutherford

Phone

3366267729

Tax Period

2023-01-01 to 2023-12-31

Praise Broadcasting Network Inc, founded in 1986, is a micro nonprofit that reported $50K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $43K left a modest 13% surplus.

Mission

To proclaim the gospel of Jesus Christ

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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 (2023)

Revenue Breakdown

Contributions & Grants $50,086

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $50,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,617

Fundraising Expenses $0

Program Expenses $31,855

Other Expenses $32,877

TOTAL EXPENSES $43,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,086	$67,888	-0.3%
Expenses	$43,494	$63,923	-0.3%
Net Income	$6,592	$3,965	+0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Rutherford	President	40.00	Officer Key Emp	$0	$0	$0
Claudia Rutherford	Director	1.00	Director	$0	$0	$0
Jonathan Moring	Director	1.00	Director	$0	$0	$0
Sandy McConnell	Director	1.00	Director	$0	$0	$0
Greg Hartwick	Director	1.00	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
2023	$50,086	$43,494	$44,803	$6,592
2022	$67,888	$63,923	$36,965	$3,965
2021	$48,132	$47,190	$39,498	$942
2020	$52,871	$45,598	$36,922	$7,273
2019	$54,346	$57,034	$38,424	$-2,688
2018	$63,139	$76,274	$40,085	$-13,135

Praise Broadcasting Network Inc