PRAISE MINISTRIES INC (EIN 751724889) - 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

1980

Legal Domicile

Principal Officer

DALLAS HOLM

Phone

9038826176

Tax Period

2020-01-01 to 2020-12-31

PRAISE MINISTRIES INC, founded in 1980, is a small nonprofit in the Religion sector that reported $103K in total revenue in fiscal year 2020. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $149K exceeded revenue, resulting in a 44% operating deficit.

Mission

501(C)(3) RELIGIOUS ORGANIZATION

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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 (2020)

Revenue Breakdown

Contributions & Grants $93,449

Program Service Revenue $6,850

Investment Income $151

Other Revenue $2,674

TOTAL REVENUE $103,124

Expense Breakdown

Grants Paid $1,750

Salaries & Benefits $101,526

Fundraising Expenses $6,533

Program Expenses $100,918

Other Expenses $45,737

TOTAL EXPENSES $149,013

Year-over-Year Comparison

	2020	2019	Change
Revenue	$103,124	$262,847	-0.6%
Expenses	$149,013	$184,644	-0.2%
Net Income	$-45,889	$78,203	-1.6%

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

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

$69,533

Total Directors

$69,533

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DALLAS HOLM	PRES/TREAS	40.00	Officer Director	$27,120	$26,200	$53,320
JENNIFER KOESHALL	SECRETARY	10.00	Officer Director	$16,213	$0	$16,213
AC MUSGRAVE	DIRECTOR	1.00	Director	$0	$0	$0
RICK MCCRARY	DIRECTOR	1.00	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
2020	$103,124	$149,013	$122,947	$-45,889
2019	$262,847	$184,644	$168,092	$78,203
2018	$182,305	$196,472	$90,209	$-14,167

PRAISE MINISTRIES INC