PSALM 91 INC (EIN 474348857) - 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

2015

Legal Domicile

Principal Officer

JOSHUA HERZOG

Phone

4063144118

Tax Period

2024-01-01 to 2024-12-31

PSALM 91 INC, founded in 2015, is a micro nonprofit in the Religion sector that reported $31K in total revenue in fiscal year 2024. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $42K exceeded revenue, resulting in a 34% operating deficit.

Mission

LAUNCHED BOYS & GIRLS CLUB AFTERSCHOOL PROGRAM, HELPED ESTABLISH TRAILHEAD & RESTART CHURCH, MAINTAIN A CAMPUS ENVIRONMENT FOR HERITAGE ACADEMY PROVIDING EDUCATION OPPORTUNITIES FOR THE YOUTH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $45,570

Program Service Revenue $0

Investment Income $0

Other Revenue $-14,429

TOTAL REVENUE $31,141

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $41,698

Other Expenses $41,698

TOTAL EXPENSES $41,698

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,141	$798,942	-1.0%
Expenses	$41,698	$61,644	-0.3%
Net Income	$-10,557	$737,298	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA HERZOG	PRESIDENT	5.00	Officer Director	$0	$0	$0
ROBERT THORNTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WALTER GIPE	TREASURER	10.00	Officer Director	$0	$0	$0
MISTY HERZOG	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
2024	$31,141	$41,698	$834,336	$-10,557
2023	$798,942	$61,644	$844,893	$737,298
2022	$48,388	$190,908	$871,359	$-142,520
2021	$207,594	$60,155	$1,062,778	$147,439
2020	$78,825	$47,209	$915,339	$31,616

PSALM 91 INC