Practice Ministries Inc

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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

Phone

2146291835

Tax Period

2024-01-01 to 2024-12-31

Practice Ministries Inc is a small nonprofit in the Religion sector that reported $281K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

Practice Ministries is all about dads and kids doing Bible study together with other dads and their sons or daughters. It's about putting God's word into practice together while having a lot of fun doing it.

Program Service Accomplishments

Program 1

Expenses: $217,003

Practice Ministries continues to establish and continue Bible studies for dads and their children (primarily grades 3-9). These Bible studies are primarily in Texas, but each year there are downloads...

Program 2

Expenses: $52,450

International Support: The PM Translation Center helps pay for translations of PM lesson series, as well as print and distribution of PM materials to pastors who do not have the financial resources to provide discipleship materials for their churches and communities, primarily in areas where access to the internet is limited. PM currently has translations of our lesson series underway in 20 languages.PM also helps provide our lesson series, food, and transportation for PM conference participants in 10 African countries. These conferences help teach pastors and fathers how to disciple their children by doing Bible studies together.

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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 $264,226

Program Service Revenue $0

Investment Income $17,265

Other Revenue $0

TOTAL REVENUE $281,491

Expense Breakdown

Grants Paid $4,851

Salaries & Benefits $207,872

Fundraising Expenses $4,698

Program Expenses $269,453

Other Expenses $80,234

TOTAL EXPENSES $292,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$281,491	$311,370	-0.1%
Expenses	$292,957	$289,130	+0.0%
Net Income	$-11,466	$22,240	-1.5%

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

N/A

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

$94,116

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William P Zukoski	Co-founder	40.00	Officer	$94,116	$0	$94,116
Brant Bernet	Trustee	1.00	Director	$0	$0	$0
Casey Gurganus	Trustee	0.00	Director	$0	$0	$0
Taylor Hunt	Trustee	0.00	Director	$0	$0	$0
Pete Jones	Trustee	0.00	Director	$0	$0	$0
Bob Lilly Jr	Trustee	0.00	Director	$0	$0	$0
Peterson Jones	Trustee	0.00	Director	$0	$0	$0
Mike Lewis	Emeritus	0.00	Director	$0	$0	$0
Cory Albracht	Trustee	0.00	Director	$0	$0	$0
Doug Prieto	Trustee	0.00	Director	$0	$0	$0
Ray Nixon	Emeritus	0.00	Director	$0	$0	$0
Brad Bunnett	Trustee	0.00	Director	$0	$0	$0
Charlie Burford	Trustee	0.00	Director	$0	$0	$0
Michael Denton	Trustee	0.00	Director	$0	$0	$0
Scott Shuford	Emeritus	0.00	Director	$0	$0	$0
Jimmy Crain	Trustee	0.00	Director	$0	$0	$0
Rob Langley	Trustee	0.00	Director	$0	$0	$0
David Roosevelt	Trustee	0.00	Director	$0	$0	$0
Michael Swaldi	Trustee	0.00	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	$281,491	$292,957	$477,896	$-11,466
2023	$311,370	$289,130	$488,834	$22,240
2022	$290,283	$277,909	$467,236	$12,374
2021	$278,426	$294,134	$457,801	$-15,708
2020	$369,267	$275,185	$483,916	$94,082
2019	$274,031	$239,223	$381,619	$34,808
2018	$297,596	$164,169	$346,388	$133,427