Praxis Inc

EIN: 450967206 501(c)(3) Religion

New York, NY

Total Revenue
$8,549,565
Total Expenses
$7,626,800
Total Assets
$5,407,472
Net Assets
$4,516,424
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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
2011
Legal Domicile
IL
Phone
3103571523
Tax Period
2023-10-01 to 2024-09-30

Praxis Inc, founded in 2011, is a community nonprofit in the Religion sector that reported $8.5M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $7.6M left a modest 11% surplus.

Mission

Praxis is a venture-building ecosystem with a redemptive imagination, supporting founders, funders, and innovators motivated by their faith to address the major issues of our time.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,438,227
Program Service Revenue $1,075,822
Investment Income $7,291
Other Revenue $28,225
TOTAL REVENUE $8,549,565

Expense Breakdown

Grants Paid $711,929
Salaries & Benefits $3,746,216
Fundraising Expenses $90,238
Program Expenses $6,655,399
Other Expenses $3,168,655
TOTAL EXPENSES $7,626,800

Year-over-Year Comparison

2023 2022 Change
Revenue $8,549,565 $6,898,049 +0.2%
Expenses $7,626,800 $6,469,110 +0.2%
Net Income $922,765 $428,939 +1.2%
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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Governance

Voting Members
7
Independent Members
6
Employees
19
Volunteers
31

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
4
$448,791
Total Directors
7
$448,791
Key Employees
1
$304,030
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Blanchard Co-Founder & President 45.0
Officer Director
$298,200 $150,591 $448,791
Kurt Keilhacker Board Chair 1.0
Officer Director
$0 $0 $0
Mike Bontrager Treasurer 1.0
Officer Director
$0 $0 $0
Steve Graves Secretary 1.0
Officer Director
$0 $0 $0
April Chapman Director 1.0
Director
$0 $0 $0
Debra McCoy Director 1.0
Director
$0 $0 $0
Mark Sears Director 1.0
Director
$0 $0 $0
Sajan George Managing Partner 45.0
Key Emp
$238,750 $65,280 $304,030
Andrew Crouch Partner, Theology & Culture 45.0
Highest
$156,192 $36,053 $192,245
Ben Bohannon Partner, Business Portfolio 45.0
Highest
$153,126 $61,956 $215,082
Jon MooreHart Partner, Labs 45.0
Highest
$148,200 $44,251 $192,451
Mel Murray II Partner, Global 45.0
Highest
$164,925 $60,101 $225,026
Scott Kauffmann Partner, Content 45.0
Highest
$200,625 $51,114 $251,739
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
2024 $8,549,565 $7,626,800 $5,407,472 $922,765
2023 $6,898,049 $6,469,110 $4,549,151 $428,939
2022 $5,600,439 $5,326,526 $3,579,268 $273,913
2022 $5,600,439 $5,326,526 $3,579,268 $273,913
2021 $4,191,471 $3,079,177 $3,068,328 $1,112,294
2020 $3,839,905 $3,147,835 $2,196,618 $692,070
2019 $4,112,118 $3,582,165 $1,375,045 $529,953
2018 $3,169,856 $2,852,098 $783,343 $317,758
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