PILGRIM TRACT SOCIETY INC

EIN: 566001577 501(c)(3) Religion

Randleman, NC

Total Revenue
$439,784
Total Expenses
$405,555
Total Assets
$768,911
Net Assets
$382,830
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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
1938
Legal Domicile
NC
Principal Officer
Chris Hancock
Phone
3364951241
Tax Period
2023-01-01 to 2023-12-31

PILGRIM TRACT SOCIETY INC, founded in 1938, is a small nonprofit in the Religion sector that reported $440K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $406K left a modest 8% surplus.

Mission

To print the Gospel of Jesus Christ and spread worldwide the Word of God through the means of the printed page, printing Gospel Tracts and pamphlets in many languages and shipping worldwide to churches, Christian workers, missionaries around the world. Shipping Bibles, Christian books and literature worldwide to aid the education and Christian growth spiritually of Christians all around the world. To spread the glorious Gospel of Jesus Christ around the world through the means of the printed page. We print and ship 40 to 60 million Gospel Tracts a year.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $439,784
TOTAL REVENUE $439,784

Expense Breakdown

Grants Paid $0
Salaries & Benefits $153,600
Fundraising Expenses $0
Program Expenses $405,555
Other Expenses $251,955
TOTAL EXPENSES $405,555

Year-over-Year Comparison

2023 2022 Change
Revenue $439,784 $331,967 +0.3%
Expenses $405,555 $367,605 +0.1%
Net Income $34,229 $-35,638 -2.0%
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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Governance

Voting Members
6
Independent Members
N/A
Employees
6
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
3
$64,620
Total Directors
0
$0
Key Employees
3
$64,620
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
M Chris Hancock President & Editor 40
Officer Key Emp Highest
$25,970 $0 $25,970
Sandra Hancock Secretary & Treasurer 40
Officer Key Emp
$25,400 $0 $25,400
John E Henderson Cutter operator, Maintenance Manager 30
Officer Key Emp
$13,250 $0 $13,250
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 No data No data No data No data
2023 $439,784 $405,555 $768,911 $34,229
2022 $331,967 $367,605 $704,846 $-35,638
2021 $309,036 $305,205 $688,814 $3,831
2020 $321,775 $309,823 $690,234 $11,952
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