Precept (EIN 620841438) - 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

1970

Legal Domicile

Principal Officer

David Arthur

Phone

4238926814

Tax Period

2024-01-01 to 2024-12-31

Precept, founded in 1970, is a mid-sized nonprofit in the Religion sector that reported $11.0M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $13.7M exceeded revenue, resulting in a 25% operating deficit.

Mission

Engaging people in relationship with God through knowing His Word

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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 $7,542,776

Program Service Revenue $96,203

Investment Income $27,620

Other Revenue $3,311,361

TOTAL REVENUE $10,977,960

Expense Breakdown

Grants Paid $3,423,966

Salaries & Benefits $6,687,129

Fundraising Expenses $588,058

Program Expenses $10,770,224

Other Expenses $3,605,202

TOTAL EXPENSES $13,716,297

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,977,960	$11,912,882	-0.1%
Expenses	$13,716,297	$15,057,934	-0.1%
Net Income	$-2,738,337	$-3,145,052	-0.1%

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

Volunteers

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

$467,598

Total Directors

$109,155

Key Employees

$214,954

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kay Arthur	Cofounder & Brand Ambassador	40.00	Director	$103,123	$6,032	$109,155
Steve Strand	Board Chairman	2.00	Director	$0	$0	$0
Ken Guise	Board member	2.00	Director	$0	$0	$0
Cary Humphries	Board member	2.00	Director	$0	$0	$0
Marilyn Crone	Board member & Board Vice Chair	2.00	Director	$0	$0	$0
Deanna Lee	Board member	2.00	Director	$0	$0	$0
Ashley Freer	Board member	2.00	Director	$0	$0	$0
Hanneli Rupert-Koegelenberg	Board member	2.00	Director	$0	$0	$0
John Wilcox - Ended 62024	Board Vice Chair	2.00	Director	$0	$0	$0
David Arthur	CEO; President	40.00	Officer	$214,625	$31,229	$245,854
Ken Bowers	Executive Director	40.00	Officer	$195,744	$26,000	$221,744
Mark Adams	EVP Operations & Finance	40.00	Key Emp	$172,716	$42,238	$214,954
Debbie Poe	VP People Services	40.00	Highest	$136,770	$8,556	$145,326
Shannon Robbins	RDD Texas	40.00	Highest	$111,379	$30,663	$142,042
Jeremy Lucarelli	VP Bible Study Content & Media	40.00	Highest	$114,637	$34,985	$149,622
Mia Oglice	VP International Ministry	40.00	Highest	$107,420	$5,525	$112,945
Bob Willett	Director, Production & Facilities	40.00	Highest	$114,897	$12,229	$127,126

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	$10,977,960	$13,716,297	$4,847,498	$-2,738,337
2023	$11,912,882	$15,057,934	$7,164,297	$-3,145,052
2022	$13,043,409	$13,763,464	$10,493,085	$-720,055
2021	$15,669,576	$11,826,128	$10,987,140	$3,843,448
2020	$11,229,018	$11,994,028	$8,101,063	$-765,010
2019	$11,616,691	$12,856,116	$7,928,549	$-1,239,425
2018	$12,307,449	$12,200,457	$8,953,880	$106,992

Precept