Psalm68Five Ministries

EIN: 473375486 501(c)(3) Religion

McKinney, TX

Total Revenue
$318,736
Total Expenses
$283,885
Total Assets
$146,403
Net Assets
$145,598
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
TX
Phone
7132023012
Tax Period
2024-01-01 to 2024-12-31

Psalm68Five Ministries, founded in 2015, is a small nonprofit in the Religion sector that reported $319K in total revenue in fiscal year 2024. Expenses of $284K left a modest 11% surplus.

Mission

In partnership with selected best-practice, faith-based camps, Psalm68five serves fatherless children as it recruits summer campers and volunteers, develops and provides exemplary, trauma-informed resources, and covers the cost of attendance and program materials for fatherless children. Partner camps truly join Psalm68five in its mission to serve fatherless children. Each one commits to raising its own scholarship funding for fatherless children in an increasing amount each year - annually diminishing Psalm68five's sponsoring of fatherless camps - until it is fully funding its own significant camp ministry to the fatherless and utilizing Psalm68five program resources, volunteers, training, and materials.

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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 $318,736
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $318,736

Expense Breakdown

Grants Paid $191,148
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $251,210
Other Expenses $92,737
TOTAL EXPENSES $283,885

Year-over-Year Comparison

2024 2023 Change
Revenue $318,736 N/A N/A
Expenses $283,885 N/A N/A
Net Income $34,851 N/A N/A
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
10
Independent Members
N/A
Employees
N/A
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
2
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bryan C Johnson President 20.00
Officer Director
$0 $0 $0
Rebecca E Johnson Secretary 8.00
Officer Director
$0 $0 $0
Steve Foster Director 10.00
Director
$0 $0 $0
Bill Hopkins Director 5.00
Director
$0 $0 $0
Janet Hopkins Director 5.00
Director
$0 $0 $0
Bruce Johnson Director 5.00
Director
$0 $0 $0
Colleen Nunn Director 8.00
Director
$0 $0 $0
Kent Nunn Director 5.00
Director
$0 $0 $0
Matt Raines Director 5.00
Director
$0 $0 $0
Maggie Raines Director 5.00
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 $318,736 $283,885 $146,403 $34,851
2022 $286,549 $302,611 $242,648 $-16,062
2021 $237,417 $107,120 $258,710 $130,297
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