STREAM OF PRAISE MUSIC MINISTRIES

EIN: 954586110 501(c)(3) Religion

TUSTIN, CA

Total Revenue
$2,523,270
Total Expenses
$2,392,914
Total Assets
$6,939,951
Net Assets
$4,095,665
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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
1995
Principal Officer
SANDY YU
Phone
7142581165
Tax Period
2024-01-01 to 2024-12-31

STREAM OF PRAISE MUSIC MINISTRIES, founded in 1995, is a community nonprofit in the Religion sector that reported $2.5M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $2.4M left a modest 5% surplus.

Mission

TO REACH PEOPLE WITH THE GOSPEL OF CHRIST THRU MUSICAL CONCERTS IN US AND ASIAN COUNTRIES, TO PUBLISH MUSIC CD AND SONG BOOKS, AND TO HOST MUSIC SEMINARS.

Program Service Accomplishments

Program 1
Expenses: $1,743,516 Revenue: $789,037

PRODUCE AND DISTRIBUTE GOSPEL MUSIC TO PROMOTE BIBLICAL MESSAGE TO THE PUBLIC.

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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 $1,068,527
Program Service Revenue $789,037
Investment Income $95,493
Other Revenue $570,213
TOTAL REVENUE $2,523,270

Expense Breakdown

Grants Paid $55,337
Salaries & Benefits $1,303,364
Fundraising Expenses $0
Program Expenses $1,743,516
Other Expenses $1,034,213
TOTAL EXPENSES $2,392,914

Year-over-Year Comparison

2024 2023 Change
Revenue $2,523,270 $2,812,749 -0.1%
Expenses $2,392,914 $2,435,549 0.0%
Net Income $130,356 $377,200 -0.7%
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
4
Independent Members
4
Employees
23
Volunteers
100

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
2
$180,923
Total Directors
4
$180,923
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SANDY YU President 40.00
Officer Director
$103,800 $0 $103,800
ELY YAO Secretary 30.00
Officer Director
$77,123 $0 $77,123
TIMOTHY HUANG Director 5.00
Director
$0 $0 $0
STEVE SZE Director 5.00
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 $2,523,270 $2,392,914 $6,939,951 $130,356
2023 $2,812,749 $2,435,551 $6,967,172 $377,198
2022 $2,322,414 $2,038,999 $6,853,115 $283,415
2021 $3,001,971 $1,648,499 $6,260,282 $1,353,472
2020 $1,584,279 $1,533,416 $3,211,184 $50,863
2019 $1,832,266 $1,692,005 $3,049,330 $140,261
2018 $1,549,856 $1,405,141 $2,930,837 $144,715
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