WESLEY PUTNAM MINISTRIES (EIN 751771414) - 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

1981

Legal Domicile

Principal Officer

WESLEY PUTNAM

Phone

8179755524

Tax Period

2023-06-01 to 2024-05-31

WESLEY PUTNAM MINISTRIES, founded in 1981, is a small nonprofit in the Religion sector that reported $193K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $311K exceeded revenue, resulting in a 61% operating deficit.

Mission

WESLEY PUTNAM MINISTRIES PROMOTES THE GOSPEL OF JESUS CHRIST THROUGH ALL MEDIA OF COMMUNICATION, INCLUDING BUT NOT LIMITED TO RADIO EVANGELISTIC EFFORTS FOR THE UNITED METHODIST CHURCH.

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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 $181,128

Program Service Revenue $0

Investment Income $9,266

Other Revenue $2,191

TOTAL REVENUE $192,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $256,572

Fundraising Expenses $12,607

Program Expenses $238,949

Other Expenses $54,009

TOTAL EXPENSES $310,581

Year-over-Year Comparison

	2023	2022	Change
Revenue	$192,585	$213,695	-0.1%
Expenses	$310,581	$334,040	-0.1%
Net Income	$-117,996	$-120,345	0.0%

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

$242,409

Total Directors

$242,409

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WESLEY PUTNAM	PRES/EXEC.DI	40.00	Officer Director	$65,000	$95,674	$160,674
FELICIA PUTNAM	SECRETARY/DI	40.00	Officer Director	$81,735	$0	$81,735
KEVIN BUSHART	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG FULLER	TREASURER/DI	1.00	Officer Director	$0	$0	$0
BRENDA HARDEMAN	DIRECTOR	1.00	Director	$0	$0	$0
MONTY TEETER	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
2024	$192,585	$310,581	$243,602	$-117,996
2023	$213,695	$334,040	$348,265	$-120,345
2022	$557,871	$250,959	$471,611	$306,912
2021	$262,591	$236,668	$199,508	$25,923
2020	$276,060	$279,636	$175,246	$-3,576
2019	$255,442	$267,242	$138,457	$-11,800
2018	$278,755	$280,257	$158,219	$-1,502

WESLEY PUTNAM MINISTRIES