THE PRAISE NETWORK INC

🔒

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

1988

Legal Domicile

Principal Officer

ALEX MCKENZIE

Phone

4023361230

Tax Period

2024-06-01 to 2025-05-31

THE PRAISE NETWORK INC, founded in 1988, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024.

Mission

OPERATION OF CHRISTIAN RADIO STATIONS

Program Service Accomplishments

Program 1

Expenses: $1,123,776 Revenue: $480,735

CHRISTIAN RELIGIOUS RADIO PROGRAMMING FROM 3 STUDIOS LOCATED IN NEBRASKA AND KANSAS WITH TRANSMITTER COVERAGE THAT INCLUDES APPROXIMATELY 70 COUNTIES IN NEBRASKA, KANSAS, SOUTH DAKOTA, COLORADO, AND...

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $772,885

Program Service Revenue $480,735

Investment Income $9,041

Other Revenue $0

TOTAL REVENUE $1,262,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $735,793

Fundraising Expenses $23,024

Program Expenses $1,123,776

Other Expenses $609,522

TOTAL EXPENSES $1,345,315

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,262,661	$1,281,867	0.0%
Expenses	$1,345,315	$1,277,681	+0.1%
Net Income	$-82,654	$4,186	-20.7%

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

$119,978

Total Directors

$131,978

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX MCKENZIE	PRESIDENT	40.00	Officer Director	$116,630	$3,348	$119,978
ALLEN QUENZER	DIRECTOR	1.00	Director	$12,000	$0	$12,000
JOHN DEWERFF	2ND VICE-CHA	1.00	Officer Director	$0	$0	$0
DALE HUDSON	VICE-CHAIRMA	1.00	Officer Director	$0	$0	$0
DAVID KUMER	DIRECTOR	1.00	Director	$0	$0	$0
DANNY MYERS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRANDON NIMZ	SECRETARY	1.00	Officer 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	$1,262,661	$1,345,315	$919,418	$-82,654
2024	$1,281,867	$1,277,681	$996,752	$4,186
2023	$1,305,974	$1,209,146	$1,016,402	$96,828
2022	$1,147,952	$1,173,677	$618,817	$-25,725
2020	$1,177,746	$1,298,579	$629,235	$-120,833
2019	$1,164,805	$1,158,153	$756,070	$6,652