PHILIPPI FREEDOM MINISTRY (EIN 453212848) - 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

2011

Legal Domicile

Principal Officer

Gary Watson

Phone

3144352957

Tax Period

2025-01-01 to 2025-12-31

PHILIPPI FREEDOM MINISTRY, founded in 2011, is a small nonprofit in the Religion sector that reported $309K in total revenue in fiscal year 2025. Revenue decreased 11% compared to the prior year. Expenses of $300K left a modest 3% surplus.

Mission

Disseminate the word of God to inmates throughout the country through Bible classes books and electronic media.

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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 (2025)

Revenue Breakdown

Contributions & Grants $290,404

Program Service Revenue $0

Investment Income $18,724

Other Revenue $0

TOTAL REVENUE $309,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,000

Fundraising Expenses $0

Program Expenses $97,412

Other Expenses $121,519

TOTAL EXPENSES $299,519

Year-over-Year Comparison

	2025	2024	Change
Revenue	$309,128	$347,734	-0.1%
Expenses	$299,519	$259,936	+0.2%
Net Income	$9,609	$87,798	-0.9%

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

100

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

$178,000

Total Directors

$178,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gary Watson	President	70.00	Officer Director	$103,000	$0	$103,000
James Hunt	Vice President	0.25	Officer Director	$0	$0	$0
Rebekah Watson	Treasurer	40.00	Officer Director	$75,000	$0	$75,000
Michael Probasco	Secretary	0.25	Officer Director	$0	$0	$0
Louis Basso	Board Member	0.25	Director	$0	$0	$0
Paul Davey	Board Member	2.00	Director	$0	$0	$0
Leon VanTimmeren	Board Member	0.25	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	$309,128	$299,519	$735,517	$9,609
2024	$347,734	$259,936	$725,908	$87,798
2023	$296,154	$235,876	$638,110	$60,278
2022	$310,920	$220,974	$577,832	$89,946
2021	$229,421	$191,078	$487,886	$38,343

PHILIPPI FREEDOM MINISTRY