PRAISE BROADCASTING INC (EIN 411930197) - 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

1998

Legal Domicile

Phone

3208593000

Tax Period

2021-01-01 to 2021-12-31

PRAISE BROADCASTING INC, founded in 1998, is a micro nonprofit in the Religion sector that reported $25K in total revenue in fiscal year 2021. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $19K, a strong 76% operating margin.

Mission

PRAISELIVE'S VISION IS TO SEE "EVERY TRIBE AND NATION EXPERIENCING JESUS TOGETHER."

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $24,903

Other Revenue $0

TOTAL REVENUE $24,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,874

Other Expenses $5,874

TOTAL EXPENSES $5,874

Year-over-Year Comparison

	2021	2020	Change
Revenue	$24,903	$30,771	-0.2%
Expenses	$5,874	$8,651	-0.3%
Net Income	$19,029	$22,120	-0.1%

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

$80,252

Total Directors

$80,252

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID MCIVER	EXECUTIVE DIRECTOR/VP/SECR	20.00	Officer Director	$0	$0	$80,252
TIM MCDERMOTT	CHIEF OPERATING OFFICER	20.00		$0	$0	$12,534
JEFF RHEINGANS	PRESIDENT	0.50	Officer Director	$0	$0	$0
CHUCK BAUER	DIRECTOR/TREASURER	0.50	Officer Director	$0	$0	$0
LARRY JEDDELOH	DIRECTOR	0.50	Director	$0	$0	$0
KERRY JOHNSON	DIRECTOR	0.50	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
2021	$24,903	$5,874	No data	$19,029
2020	$30,771	$8,651	$1,184,115	$22,120
2019	$96,216	$30,681	$1,161,995	$65,535
2018	$238,984	$439,765	$1,330,442	$-200,781

PRAISE BROADCASTING INC