Eagan, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
People of Praise is a Covenant Christian Community related to a national organization headquartered in South Bend, Indiana. People of Praise has an ecumenical character that supports the members of its community through education, social action, missions and fellowship.
General fund provides for pastoral care of members, including prayer meetings, teaching conferences, pastoral meetings and retreats.
Ministry fund is used to promote specific purposes including: youth programs, music, evangelism and missionary outreach.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare PEOPLE OF PRAISE MINN INC with other nonprofits in Minnesota and across the country.