PROSPERITY ACADEMY MINISTRIES INC

EIN: 933873614 501(c)(3) Religion

PITTSBURGH, PA

Total Revenue
$55,074
Total Expenses
$100,880
Total Assets
$63,234
Net Assets
$62,858
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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
2023
Legal Domicile
PA
Principal Officer
MICHAEL HOLLAND
Phone
4127651020
Tax Period
2024-01-01 to 2024-12-31

PROSPERITY ACADEMY MINISTRIES INC, founded in 2023, is a micro nonprofit in the Religion sector that reported $55K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $101K exceeded revenue, resulting in a 83% operating deficit.

Mission

Advance religion through christian broadcasting and media

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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 $55,074
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $55,074

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,531
Fundraising Expenses $10,088
Program Expenses $25,221
Other Expenses $84,349
TOTAL EXPENSES $100,880

Year-over-Year Comparison

2024 2023 Change
Revenue $55,074 $115,700 -0.5%
Expenses $100,880 $7,036 +13.3%
Net Income $-45,806 $108,664 -1.4%
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
1
Independent Members
N/A
Employees
2
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL HOLLAND Director 20.00
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 $55,074 $100,880 $63,234 $-45,806
2023 $115,700 $7,036 $108,664 $108,664
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