PSALM ONE FOUNDATION

EIN: 995065427 501(c)(3) Mental Health

Poplar Bluff, MO

Total Revenue
$318,102
Total Expenses
$258,895
Total Assets
$59,233
Net Assets
$59,207
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
MO
Principal Officer
Wes Tayloe
Phone
5737142017
Tax Period
2024-07-01 to 2025-06-30

PSALM ONE FOUNDATION, founded in 2024, is a small nonprofit in the Mental Health sector that reported $318K in total revenue in fiscal year 2024. The organization ran a surplus of $59K, a strong 19% operating margin.

Mission

This foundation exists to bring hope, healing & lasting change to individuals & families facing addiction, homelessness & personal crisis in Butler County, MO. As a Christ-centered organization, we are committed to restoring lives through practical support & compassionate care. Our mission is to empower people to rebuild their lives by providing local, personalized services that meet both immediate & long-term needs. Through our emergency food & clothing pantry, outpatient recovery program & community work program, we help individuals overcome barriers, develop essential life & job skills, & rediscover purpose. Central to our vision is the establishment of transitional housing for men & women emerging from recovery; safe, stable environments where they can grow in faith, accountability & independence as they prepare to reenter the community. Our goal is to plant people beside "streams of living water," helping them stand strong, bear fruit & flourish through God's transforming grace.

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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 $316,664
Program Service Revenue $1,377
Investment Income $61
Other Revenue $0
TOTAL REVENUE $318,102

Expense Breakdown

Grants Paid $0
Salaries & Benefits $176,919
Fundraising Expenses $0
Program Expenses $247,980
Other Expenses $81,976
TOTAL EXPENSES $258,895

Year-over-Year Comparison

2024 2023 Change
Revenue $318,102 N/A N/A
Expenses $258,895 N/A N/A
Net Income $59,207 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
6
Independent Members
6
Employees
20
Volunteers
35

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
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Wes Tayloe President 8
Director
$0 $0 $0
Mark Kilhafner Executive Director 20
Director
$0 $0 $0
Debby Gross Secretary 0.08
Director
$0 $0 $0
Ethan Doyle Director 0.08
Director
$0 $0 $0
Jeff Miller Director 0.08
Director
$0 $0 $0
Alan Tomerlin Director 0.08
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
2025 $318,102 $258,895 $59,233 $59,207
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