PRIORITY ONE SCHOOLS INC

EIN: 621353984 501(c)(3) Religion

ALCOA, TN

Total Revenue
$5,021,478
Total Expenses
$4,628,922
Total Assets
$1,511,687
Net Assets
$1,024,252
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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
1987
Legal Domicile
TN
Principal Officer
CHIP JOHNSON
Phone
9525008018
Tax Period
2025-01-01 to 2025-12-31

PRIORITY ONE SCHOOLS INC, founded in 1987, is a community nonprofit in the Religion sector that reported $5.0M in total revenue in fiscal year 2025. Expenses of $4.6M left a modest 8% surplus.

Mission

PREACH GOSPEL OF JESUS CHRIST

Program Service Accomplishments

Program 1
Expenses: $4,374,102 Revenue: $0

THE PRIMARY PURPOSE OF HERITAGE MINISTRIES, INC. IS TO TRAVEL THROUGHOUT THE U.S. AND THE WORLD SPEAKING AT CHURCHES AND CONFERENCES PROCLAIMING THE GOSPEL OF JESUS. INCLUDED IN THE PURPOSE IS TO...

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THE PRIMARY PURPOSE OF HERITAGE MINISTRIES, INC. IS TO TRAVEL THROUGHOUT THE U.S. AND THE WORLD SPEAKING AT CHURCHES AND CONFERENCES PROCLAIMING THE GOSPEL OF JESUS. INCLUDED IN THE PURPOSE IS TO ASSIST ASSEMBLY OF GOD CHURCHES BUILD CHURCHES IN FOREIGN COUNTRIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $4,965,977
Program Service Revenue $0
Investment Income $55,501
Other Revenue $0
TOTAL REVENUE $5,021,478

Expense Breakdown

Grants Paid $3,457,933
Salaries & Benefits $385,521
Fundraising Expenses $8,544
Program Expenses $4,374,102
Other Expenses $785,468
TOTAL EXPENSES $4,628,922

Year-over-Year Comparison

2025 2024 Change
Revenue $5,021,478 $4,834,189 +0.0%
Expenses $4,628,922 $4,564,668 +0.0%
Net Income $392,556 $269,521 +0.5%
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

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Governance

Voting Members
7
Independent Members
6
Employees
3
Volunteers
5

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
$134,820
Total Directors
7
$134,820
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY BAILEY DIRECTOR, SECRETARY 0.00
Officer Director
$0 $0 $0
CHIP JOHNSON DIRECTOR, PRESIDENT 40.00
Officer Director Highest
$98,820 $36,000 $134,820
BRAD ROSENBERG DIRECTOR 0.00
Director
$0 $0 $0
DERRICK ROSS DIRECTOR, TREASURER 0.00
Officer Director
$0 $0 $0
CAL CARPENTER DIRECTOR 0.00
Director
$0 $0 $0
DENNY CURRAN DIRECTOR 0.00
Director
$0 $0 $0
STEVE HUSKEY DIRECTOR 0.00
Director
$0 $0 $0
SAMUEL JOHNSON FORMER PRESIDENT 40.00
$135,624 $26,670 $162,294
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 $5,021,478 $4,628,922 $1,511,687 $392,556
2024 $4,834,189 $4,564,668 $880,768 $269,521
2023 $5,207,161 $4,971,412 $571,454 $235,749
2022 $4,198,287 $5,229,278 $368,122 $-1,030,991
2021 $4,695,767 $3,746,282 $1,430,350 $949,485
2020 $3,266,193 $3,060,745 $564,774 $205,448
2019 $3,278,526 $3,071,106 $298,094 $207,420
2018 $2,647,352 $2,660,378 $223,581 $-13,026
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