Prepare the Way Ministries (EIN 450545347) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Phone

3039073851

Tax Period

2022-01-01 to 2022-12-31

Prepare the Way Ministries, founded in 2006, is a micro nonprofit in the Religion sector that reported $95K in total revenue in fiscal year 2022. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $108K exceeded revenue, resulting in a 14% operating deficit.

Mission

The purpose of organization is to promote worldwide evangelism and to establish in the faith and knowledge of Jesus Christ through any and by all means available including but not limited to: Planting and maintence of churches, bible schools, colleges and K-12 schools.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $94,661

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $94,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,070

Fundraising Expenses $2,158

Program Expenses $91,694

Other Expenses $20,803

TOTAL EXPENSES $107,873

Year-over-Year Comparison

	2022	2021	Change
Revenue	$94,661	$119,872	-0.2%
Expenses	$107,873	$113,089	0.0%
Net Income	$-13,212	$6,783	-2.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$87,070

Total Directors

$87,070

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Yeackley	President	40.00	Officer Director	$30,000	$57,070	$87,070
Jennie Yeackley	Vice President	10.00	Officer Director	$0	$0	$0
Nick Dafni	Director	2.00	Director	$0	$0	$0
Joseph Thompson	Director	2.00	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
2022	$94,661	$107,873	$1,360	$-13,212
2021	$119,872	$113,089	$14,072	$6,783
2020	$120,290	$116,297	$7,289	$3,993
2019	$90,151	$89,981	No data	$170
2018	$100,182	$111,842	$13,127	$-11,660

Prepare the Way Ministries