PASTORS STUDY

EIN: 900629547 501(c)(3) Religion

MINNEAPOLIS, MN

Total Revenue
$806,024
Total Expenses
$850,075
Total Assets
$426,204
Net Assets
$426,204
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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
2011
Legal Domicile
MN
Principal Officer
THOMAS J BROCK
Phone
7635668145
Tax Period
2024-01-01 to 2024-12-31

PASTORS STUDY, founded in 2011, is a small nonprofit in the Religion sector that reported $806K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

BIBLE TEACHING AND MINISTRY

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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 (2024)

Revenue Breakdown

Contributions & Grants $801,297
Program Service Revenue $0
Investment Income $4,727
Other Revenue $0
TOTAL REVENUE $806,024

Expense Breakdown

Grants Paid $0
Salaries & Benefits $58,430
Fundraising Expenses $27,221
Program Expenses $809,500
Other Expenses $791,645
TOTAL EXPENSES $850,075

Year-over-Year Comparison

2024 2023 Change
Revenue $806,024 $849,652 -0.1%
Expenses $850,075 $832,334 +0.0%
Net Income $-44,051 $17,318 -3.5%
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

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Governance

Voting Members
5
Independent Members
5
Employees
1
Volunteers
20

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
6
$52,459
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
D PETERSON SECRETARY 2.00
Officer Director
$0 $0 $0
S RASMUSSEN TREASURER 1.00
Officer Director
$0 $0 $0
K FORSS PRESIDENT 1.00
Officer Director
$0 $0 $0
T PRICHARD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
T JOHNSON COMPLIANCE OFFICER 1.00
Officer Director
$0 $0 $0
THOMAS BROCK HEAD PASTOR 20.00
Officer
$43,512 $8,947 $52,459
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 $806,024 $850,075 $426,204 $-44,051
2023 $849,652 $832,334 $354,470 $17,318
2022 $485,660 $778,832 $337,152 $-293,172
2021 $857,100 $498,939 $630,324 $358,161
2020 $422,012 $310,564 $272,163 $111,448
2019 $284,469 $240,604 $160,715 $43,865
2018 $241,382 $240,584 $116,850 $798
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