Petros Network

EIN: 454131862 501(c)(3) Religion

Portland, OR

Total Revenue
$2,053,046
Total Expenses
$2,650,595
Total Assets
$5,223,865
Net Assets
$5,023,600
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
OR
Principal Officer
Ray Noah
Phone
8447738767
Tax Period
2024-01-01 to 2024-12-31

Petros Network, founded in 2011, is a community nonprofit in the Religion sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $2.7M exceeded revenue, resulting in a 29% operating deficit.

Mission

Petros Network equips indigenous leaders to share, show, and spread the Good News of Jesus among their own people and alleviate spiritual and physical poverty. Entire communities are transformed from places of hopelessness to places of hope.

Program Service Accomplishments

Program 1
Expenses: $2,086,083

We practice the two hands of the Gospel: sharing and showing Jesus with our words and our acts of compassion and care in the Horn of Africa and SE Asia.SHARE - Because 3.27 billion people in the...

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We practice the two hands of the Gospel: sharing and showing Jesus with our words and our acts of compassion and care in the Horn of Africa and SE Asia.SHARE - Because 3.27 billion people in the world today have no opportunity to hear the Good News, they are facing a Christless eternity. Since God is not okay with that, neither are we. Our mission, therefore, is to unleash gospel movements by equipping indigenous spiritual leaders to plant churches within walking distance of every human being on earth. To date we have planted 7,854 churches, shared the Good News with 9,175,773 people and have 1,744,280 people who made decisions to follow Christ and have joined one of our new church plants.SHOW Jesus not only spoke the Good News, He showed the Good News through his actions. Church planters are taught to become social agents of change. This includes leading initiatives in Girls and Womens Empowerment, Feeding Families through agricultural initiatives, Child Sponsorship, Improving Healthcare, Providing Clean Water, Educating Out of Poverty, Building Character Through Sports. This year 150 women and girls were active in our empowerment program, 130 orphans were cared for, we managed 3 schools, fed 2019 children each day, and 19,879 patients were served in our medical clinic.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,503,065
Program Service Revenue $0
Investment Income $549,981
Other Revenue $0
TOTAL REVENUE $2,053,046

Expense Breakdown

Grants Paid $0
Salaries & Benefits $770,815
Fundraising Expenses $304,053
Program Expenses $2,086,083
Other Expenses $1,879,780
TOTAL EXPENSES $2,650,595

Year-over-Year Comparison

2024 2023 Change
Revenue $2,053,046 $1,177,594 +0.7%
Expenses $2,650,595 $2,175,080 +0.2%
Net Income $-597,549 $-997,486 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
9
Employees
12
Volunteers
30

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
3
$250,130
Total Directors
10
$250,130
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ray Noah President & CEO 40.00
Officer Director
$94,000 $80,000 $174,000
Linda Noah Ex Dir & Secr 40.00
Officer Director
$76,130 $0 $76,130
Ron Stokes Treasurer 0.00
Officer Director
$0 $0 $0
Stan Cooper Director 0.00
Director
$0 $0 $0
Krista Johnson Director 0.00
Director
$0 $0 $0
Doug MacLardy Director 0.00
Director
$0 $0 $0
Ron Cochran Director 0.00
Director
$0 $0 $0
Sam Thannickal Director 0.00
Director
$0 $0 $0
Vik Rajagopal Director 0.00
Director
$0 $0 $0
Doug Resler Director 0.00
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
2024 $2,053,046 $2,650,595 $5,223,865 $-597,549
2023 $1,177,594 $2,175,080 $5,934,631 $-997,486
2022 $1,189,409 $1,715,288 $6,571,140 $-525,879
2021 $2,376,782 $1,471,005 $6,818,621 $905,777
2020 $1,666,782 $612,589 $6,009,273 $1,054,193
2019 $1,509,468 $568,238 $4,954,254 $941,230
2018 $649,541 $546,792 $4,015,133 $102,749
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