RICHARD PEARSON MINISTRIES INC (EIN 731478501) - 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

1995

Legal Domicile

Principal Officer

RICHARD PEARSON

Phone

5197546203

Tax Period

2023-01-01 to 2023-12-31

RICHARD PEARSON MINISTRIES INC, founded in 1995, is a small nonprofit in the Religion sector that reported $393K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $530K exceeded revenue, resulting in a 35% operating deficit.

Mission

PROCLAIM THE GOSPEL OF JESUS CHRIST

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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 (2023)

Revenue Breakdown

Contributions & Grants $358,944

Program Service Revenue $32,639

Investment Income $652

Other Revenue $955

TOTAL REVENUE $393,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $12,470

Program Expenses $506,573

Other Expenses $529,882

TOTAL EXPENSES $529,882

Year-over-Year Comparison

	2023	2022	Change
Revenue	$393,190	$643,891	-0.4%
Expenses	$529,882	$522,398	+0.0%
Net Income	$-136,692	$121,493	-2.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD PEARSON	PRESIDENT	20.00	Officer Director	$0	$0	$0
KAREN PEARSON	TREASURER	5.00	Officer Director	$0	$0	$0
PHILIP DERSTINE	SECRETARY	1.00	Officer 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	No data	No data	No data	No data
2023	$393,190	$529,882	$1,054,297	$-136,692
2022	$643,891	$522,398	$158,225	$121,493
2021	$430,784	$395,867	$36,731	$34,917

RICHARD PEARSON MINISTRIES INC