PURE LIFE MINISTRIES INC (EIN 680095964) - 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

1987

Legal Domicile

Principal Officer

STEVE GALLAGHER

Phone

8598244444

Tax Period

2024-01-01 to 2024-12-31

PURE LIFE MINISTRIES INC, founded in 1987, is a community nonprofit in the Religion sector that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.5M left a modest 9% surplus.

Mission

PURE LIFE MINISTRIES (PLM) EXISTS TO SERVE CHRISTIAN INDIVIDUALS AND ORGANIZATIONS DEALING WITH SEXUAL SIN THROUGHOUT THE WORLD BY PROVIDING BIBLICALLY-BASED COUNSELING, TEACHING RESOURCES, AND A PUBLIC SPEAKING MINISTRY WITH THE GOAL OF LEADING CHRISTIANS TO VICTORY OVER SEXUAL SIN THROUGH A DEEPER LIFE IN GOD.

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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 $1,267,590

Program Service Revenue $1,320,988

Investment Income $19,172

Other Revenue $93,207

TOTAL REVENUE $2,700,957

Expense Breakdown

Grants Paid $24,631

Salaries & Benefits $1,204,266

Fundraising Expenses $72,356

Program Expenses $2,241,066

Other Expenses $1,239,403

TOTAL EXPENSES $2,468,300

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,700,957	$2,443,095	+0.1%
Expenses	$2,468,300	$2,283,027	+0.1%
Net Income	$232,657	$160,068	+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

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

$75,598

Total Directors

$75,598

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE GALLAGHER	PRESIDENT &	40.00	Officer Director	$38,328	$6,099	$44,427
KATHY GALLAGHER	VICE PRES-ST	40.00	Officer Director	$26,533	$4,028	$30,561
SHAWN SMITH	SECRETARY	0.10	Officer Director	$610	$0	$610
THOMAS BLANGIARDO	TREASURER	0.10	Officer Director	$0	$0	$0
DELBERT HILL	DIRECTOR	0.10	Director	$0	$0	$0
DUSTIN RENZ	VICE PRESIDE	0.10	Officer Director	$0	$0	$0
SCOTT WILSON	DIRECTOR	0.10	Director	$0	$0	$0
DAVE WIRICK	DIRECTOR	0.10	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	$2,700,957	$2,468,300	$3,602,025	$232,657
2023	$2,443,095	$2,283,027	$3,382,745	$160,068
2022	$2,418,603	$2,182,548	$3,228,339	$236,055
2021	$2,034,601	$1,927,171	$2,948,259	$107,430
2020	$2,254,430	$1,821,724	$2,845,972	$432,706
2019	$1,872,473	$1,885,352	$2,364,232	$-12,879
2018	$1,725,210	$1,800,987	$2,371,087	$-75,777

PURE LIFE MINISTRIES INC