PEOPLE OF PRAISE MINN INC (EIN 411111724) - 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

1974

Legal Domicile

Principal Officer

Alan Nicklaus

Phone

6517892888

Tax Period

2024-07-01 to 2025-06-30

PEOPLE OF PRAISE MINN INC, founded in 1974, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.0M left a modest 9% surplus.

Mission

Religious Community

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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 (2024)

Revenue Breakdown

Contributions & Grants $811,197

Program Service Revenue $918,417

Investment Income $455,896

Other Revenue $0

TOTAL REVENUE $2,185,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $520,988

Fundraising Expenses $7,847

Program Expenses $1,409,776

Other Expenses $1,462,362

TOTAL EXPENSES $1,983,350

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,185,510	$2,012,204	+0.1%
Expenses	$1,983,350	$2,025,944	0.0%
Net Income	$202,160	$-13,740	-15.7%

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

Volunteers

N/A

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

$248,548

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bernard Schwab	President	40	Director	$126,406	$0	$126,406
Nicklaus Alan P	COO	40	Director	$114,871	$0	$114,871
Patrick Murphy	Treasurer	10	Director	$7,271	$0	$7,271
Michael Maslow	Coordinator	0	Director	$0	$0	$0
Gerald Rynda	Coordinator	0	Director	$0	$0	$0
Edward Mertz	Coordinator	0	Director	$0	$0	$0
Norbert Bittner	Coordinator	0	Director	$0	$0	$0
John Stauble	Coordinator	0	Director	$0	$0	$0
Ed Varevice	Coordinator	0	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
2025	$2,185,510	$1,983,350	$17,924,369	$202,160
2024	$2,012,204	$2,025,944	$17,774,958	$-13,740
2023	$2,040,553	$2,031,297	$17,793,953	$9,256
2022	$1,110,529	$1,923,860	$17,881,505	$-813,331
2021	$1,576,879	$1,718,097	$18,561,976	$-141,218
2020	$1,554,342	$1,884,634	$17,987,477	$-330,292
2019	$1,622,911	$1,849,590	$18,182,246	$-226,679
2018	$1,590,414	$1,842,774	$18,286,159	$-252,360

PEOPLE OF PRAISE MINN INC