247 MEDIA MINISTRIES

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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

2018

Legal Domicile

Principal Officer

DAVID HARMS

Phone

9718011325

Tax Period

2024-01-01 to 2024-12-31

247 MEDIA MINISTRIES, founded in 2018, is a community nonprofit in the Religion sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF WORSHIP 24/7 IS TO IGNITE A PASSION FOR GOD THROUGH WORSHIP THAT RESULTS IN A LIFE OF GENEROSITY, DISCIPLESHIP, EVANGELISM, GENEROSITY AND SERVICE.

Program Service Accomplishments

Program 1

Expenses: $1,661,034 Revenue: $23,116

TO CREATE A RADIO STATION AND ONLINE COMMUNITY WHO EXPERIENCE GOD THROUGH WORSHIP AND GOD'S WORD, WHICH RESULTS IN SERVICE TO OTHERS, ESPECIALLY THE POOR.

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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 $1,919,964

Program Service Revenue $0

Investment Income $204

Other Revenue $23,116

TOTAL REVENUE $1,943,284

Expense Breakdown

Grants Paid $2,164

Salaries & Benefits $475,709

Fundraising Expenses $331,106

Program Expenses $1,661,034

Other Expenses $1,581,254

TOTAL EXPENSES $2,104,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,943,284	$1,405,874	+0.4%
Expenses	$2,104,627	$1,140,644	+0.8%
Net Income	$-161,343	$265,230	-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

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

$121,969

Total Directors

$2,490

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES AUTRY	BOARD MEMBER	1.00	Director	$0	$0	$0
KAYTIE FIEDLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAKE SCHWEIN	BOARD MEMBER	1.00	Director	$2,490	$0	$2,490
DAVID HARMS	PRESIDENT	25.00	Officer	$91,000	$0	$91,000
LARRY BRIGGS	CHAIRMAN OF THE BOARD	1.00	Officer	$0	$0	$0
ANASTASIA CARTER	TREASURER	1.00	Officer	$0	$0	$0
BARBARA HARMS	SECRETARY	20.00	Officer	$30,969	$0	$30,969

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	$1,943,284	$2,104,627	$443,660	$-161,343
2023	$1,405,874	$1,140,644	$639,925	$265,230
2022	$816,226	$814,674	$405,546	$1,552
2021	$557,665	$451,214	$231,680	$106,451
2020	$239,085	$180,107	$123,161	$58,978