PSALMS OF DAVID

EIN: 751882925 501(c)(3)

DALLAS, TX

Total Revenue
$123,321
Total Expenses
$88,998
Total Assets
$256,398
Net Assets
$153,336
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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
TX
Principal Officer
DON SILVERMAN
Tax Period
2023-01-01 to 2023-12-31

PSALMS OF DAVID, founded in 1980, is a small nonprofit that reported $123K in total revenue in fiscal year 2023. The organization ran a surplus of $34K, a strong 28% operating margin.

Mission

EVANGELISTIC OUTREACH

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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 (2023)

Revenue Breakdown

Contributions & Grants $130,249
Program Service Revenue $0
Investment Income $0
Other Revenue $-6,928
TOTAL REVENUE $123,321

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,601
Fundraising Expenses $0
Program Expenses $79,315
Other Expenses $85,397
TOTAL EXPENSES $88,998

Year-over-Year Comparison

2023 2022 Change
Revenue $123,321 N/A N/A
Expenses $88,998 N/A N/A
Net Income $34,323 N/A N/A
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
5
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV JOHN BULLOCK DIRECTOR 0.00
Officer
$0 $0 $0
JOY SILVERMAN SEC TREASURER 40.00
Officer
$0 $0 $0
DON SILVERMAN PRESIDENT 20.00
Officer
$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
2023 $123,321 $88,998 $256,398 $34,323
2022 $111,854 $49,470 $233,526 $62,384
2021 $101,124 $52,981 No data $48,143
2020 $86,012 $61,032 $4,500 $24,980
2019 $90,348 $62,790 $514 $27,558
2018 $83,448 $77,099 $8,310 $6,349
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