Psalm 119 Association Inc

EIN: 462049340 501(c)(3) Religion

Titusville, FL

Total Revenue
$620,894
Total Expenses
$564,908
Total Assets
$2,411,425
Net Assets
$2,407,901
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
FL
Phone
8332255956
Tax Period
2024-07-01 to 2025-06-30

Psalm 119 Association Inc, founded in 2013, is a small nonprofit in the Religion sector that reported $621K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $565K left a modest 9% surplus.

Mission

Organization Mission. The Psalm 119 Association Inc dba Woodrow Kroll Ministries, exists to connect people with the Author of the Bible through the teaching of the Bible. We are convinced of the greatness of Gods Word, concerned for the growth of Gods people, and blessed by the generosity of Gods greatness. The primary Woodrow Kroll ministry is the HELIOS Projects. The Helios Projects aim to put a Bible and Christian faith education in the hands of pastors worldwide with little or no Bible or theology training.

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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 $0
Program Service Revenue $532,819
Investment Income $90,170
Other Revenue $-2,095
TOTAL REVENUE $620,894

Expense Breakdown

Grants Paid $3,323
Salaries & Benefits $149,366
Fundraising Expenses $149,628
Program Expenses $322,227
Other Expenses $412,219
TOTAL EXPENSES $564,908

Year-over-Year Comparison

2024 2023 Change
Revenue $620,894 $732,528 -0.2%
Expenses $564,908 $654,771 -0.1%
Net Income $55,986 $77,757 -0.3%
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
8
Employees
2
Volunteers
6

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
7
$103,782
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Timothy Kroll President 40
Officer
$93,264 $0 $93,264
Art Figurski Board Member N/A
Officer
$0 $0 $0
Dr Woodrow Kroll Board Member N/A
Officer
$10,518 $0 $10,518
Rev Roscoe De Chalus Board Member N/A
Officer
$0 $0 $0
Rev Dave Hattenfield Board Member N/A
Officer
$0 $0 $0
Robin Foreman Board Member N/A
Officer
$0 $0 $0
Michael Stofer Board Member N/A
Officer
$0 $0 $0
Jason Walton Board Member N/A
$0 $0 $0
Clay Stevens Board Member N/A
$0 $0 $0
Karen Stofer Board Member N/A
$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 $620,894 $564,908 $2,411,425 $55,986
2025 $620,894 $564,908 $2,411,425 $55,986
2024 $732,528 $654,771 $2,386,382 $77,757
2024 $732,528 $654,771 $2,386,382 $77,757
2023 $700,815 $491,184 $2,175,443 $209,631
2022 $491,303 $464,623 $1,929,176 $26,680
2022 $491,303 $464,623 $1,929,176 $26,680
2021 $378,500 $339,171 $1,951,407 $39,329
2021 $378,500 $339,171 $1,951,407 $39,329
2020 $487,433 $284,897 $1,566,307 $202,536
2019 $525,830 $580,871 $1,351,993 $-55,041
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