STREAM OF PRAISE MUSIC MINISTRIES (EIN 954586110) - Form 990 Financial Analysis & Trantor Score

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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 & ASIAN COUNTRIES, TO PUBLISH MUSIC CD AND SONG BOOKS, AND TO HOSE MUSIC SEMINARS.

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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 $1,068,527

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

Governance

Voting Members

Independent Members

Employees

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

$180,923

Total Directors

$180,923

Key Employees

Highest Compensated

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

STREAM OF PRAISE MUSIC MINISTRIES