PRAISE COMMUNICATIONS INC (EIN 541265420) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

SHANNON POLLARD

Phone

5407279779

Tax Period

2025-01-01 to 2025-12-31

PRAISE COMMUNICATIONS INC, founded in 1982, is a small nonprofit that reported $312K in total revenue in fiscal year 2018.

Mission

INTERNET AND FM RADIO BROADCASTS OF GOSPEL MUSIC AND GOSPEL MESSAGES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $156,106

Program Service Revenue $54,127

Investment Income $0

Other Revenue $2,928

TOTAL REVENUE $213,161

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,417

Fundraising Expenses $8,277

Program Expenses $172,952

Other Expenses $163,538

TOTAL EXPENSES $250,955

Year-over-Year Comparison

	2025	2024	Change
Revenue	$213,161	$327,743	-0.3%
Expenses	$250,955	$254,204	0.0%
Net Income	$-37,794	$73,539	-1.5%

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

$54,400

Total Directors

$54,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE BUCHANAN	PRESIDENT (UNTIL 10/6/25)	40.00	Officer Director	$29,800	$0	$29,800
SHANNON POLLARD	SEC/TREAS	40.00	Officer Director	$24,600	$0	$24,600
LISA GONZALES	DIRECTOR	3.00	Director	$0	$0	$0
ARCHIE POLLARD	PRESIDENT (EFF 11/21/25)	10.00	Officer Director	$0	$0	$0
DYLAN FOSCATO	DIRECTOR (EFF 10/30/25)	3.00	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
2025	$213,161	$250,955	$78,442	$-37,794
2024	$327,743	$254,204	$117,307	$73,539
2023	$285,965	$271,120	$78,341	$14,845
2022	$252,639	$271,877	$30,617	$-19,238
2021	$266,011	$254,138	$49,477	$11,873
2020	$295,084	$282,603	$74,966	$12,481
2019	$278,760	$318,202	$51,677	$-39,442
2018	$312,211	$323,307	$73,111	$-11,096

PRAISE COMMUNICATIONS INC