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Praise Network, Inc./ Herb Roszhart

Rating
Sector:

Radio/ TV Stations

Total
Revenue:

$777,613

Total
Expenses:

$859,239

Net
Assets:

$424,527
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 84% 91.7%
General & Admin 12.5% 14.9%
Fundraising 6.8% 2.2%
Savings -4.4% -10.4%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

>50
Yr(s)25-50
<25
<$1m$1m-
$5m
>$5m

Summary

Praise Network, Inc. (PNI) operates five Christian radio stations located in O'Neill, Norfolk, and Columbus, Nebraska, and Hays and Goodland, Kansas. PNI was formed in 1988 with the purpose of ministering to radio listeners of religious radio stations with programs of selected Christian music, biblical instruction, and other religious programs that encourage spiritual growth according to Christian principles. PNI purchases time on selected radio stations with the rate paid based on a percentage of contributions received from listeners of that station up to a specified limit. In addition, PNI produces tapes of programs to be provided to the stations. The purchase of stations is supported by contributions from the listening audience and from others interested in supporting the ministry. This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).

Contact Information: [ Back to top ]

Mailing Address:PO Box 8 732 Turtle Beach, Marquette NE 68854
Aurora, NE
68818-8818
Website: www.praisenetwork.org
Phone:(308) 946-2656
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 470716006
CEO/President: Mr. Lloyd Mintzmyer Tax Deductible: Yes
Chairman: Mr. Herb Roszhart Fiscal Year End: May 31
Board Size: 10 Financial info from: 990
Founder: Mr. Herb Roszhart Member of ECFA: Yes
Year Founded: 1988 Member of ECFA since: 1995

Purpose [ Back to top ]

Praise Network, Inc. (PNI) operates five Christian radio stations located in O'Neill, Norfolk, and Columbus, Nebraska, and Hays and Goodland, Kansas. PNI was formed in 1988 with the purpose of ministering to radio listeners of religious radio stations with programs of selected Christian music, biblical instruction, and other religious programs that encourage spiritual growth according to Christian principles. PNI purchases time on selected radio stations with the rate paid based on a percentage of contributions received from listeners of that station up to a specified limit. In addition, PNI produces tapes of programs to be provided to the stations. The purchase of stations is supported by contributions from the listening audience and from others interested in supporting the ministry. This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).

Mission Statement [ Back to top ]

The Praise Network, Inc. uses the following to express its mission:

Every endeavor will be toward glorifying God and turning hearts toward Christ through programs of instruction, information, and inspiration.

Program Accomplishments [ Back to top ]

Need Program Accomoplishments info

Statement of Faith [ Back to top ]

This profile needs a statement of faith

History [ Back to top ]

Need History Info

Ministry Needs [ Back to top ]

This organization has not offered MinistryWatch.com with specific needs to be posted on the profile. At such a time that MinistryWatch.com receives a response from the ministry, it will be posted immediately.

Research Analysis

Transparency Grade [ Back to top ]

Transparency Grade of : B
Criteria categoryGradeOther Comments
Timeliness:7011/16/2011 9:06:32 AM: Organization made financial information available greater than 7 ½ months.
Financial Information:100
Foundational Clarity:
Level of Cooperation:
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankRadio/ TV Stations Sector
Overall Efficiency RatingStarStarStar120 of 348    4 of 11
Fund Acquisition DecisionStarStarStar120 of 348      4 of 11
Resource Allocation Decision of 348      6 of 11
Asset Utilization Decision of 348      6 of 11
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Ministry Statement or Response [ Back to top ]

This organization has not offered MinistryWatch.com with an official statement or response for their profile. This area is meant as a mechanism for the profiled ministry to communicate anything they may choose. It is open ended as to the topic, issues, facts or news to address. It is not negative if there is no official statement as many don’t have anything to add than what is already on the profile. This section is not tied to transparency or to communication in general. Many very open and talkative ministries with us choose not to post an official statement. This section is just an open ended offering to the profiled ministry for anything extra to say as they may choose.

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20082007200620052004
Return on FR Efforts10%4%3%3%0%0%
Fundraising Cost Ratio7%2%2%2%0%0%
Contributions Reliance83%63%65%66%0%0%
Fundraising Expense Ratio7%2%2%2%0%0%
Other Revenue Reliance17%37%35%34%0%0%
Operating RatiosDatabase Average20082007200620052004
Program Expense Ratio80%83%82%84%0%0%
Spending Ratio104%110%101%106%0%0%
Program Output Ratio84%92%83%89%0%0%
Savings Ratio-4%-10%-1%-6%0%0%
Reserve Accumulation Rate4%-19%-1%-9%0%0%
General & Admin Ratio12%15%16%14%0%0%
Investing RatiosDatabase Average20082007200620052004
Total Asset Turnover2.91x.84x1.46x1.46x0x0x
Degree of L-T Investment3.1x6.45x2.7x3.33x0x0x
Current Asset Turnover5.56x5.4x3.95x4.86x0x0x
Age of Assets10.5yr(s)14.4yr(s)15.6yr(s)13.1yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20082007200620052004
Current Ratio3306.32x5.21x6.45x6.84x0x0x
Current Liabilities Ratio.39x.19x.16x.15x0x0x
Liquid Reserve Level4.91x1.8x2.57x2.11x0x0x
Solvency RatiosDatabase Average20082007200620052004
Liabilities Ratio.3x.59x.06x.05x0x0x
Debt Ratio.07x.55x0x0x0x0x
Reserve Coverage Ratio81%49%64%65%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20082007200620052004
Cash$129,059$171,313$141,406$133,461$98,070
Receivables, Inventories & Prepaids$30,024$28,193$21,151$27,595$0
Short-Term Investments$0$0$0$0$0
Total Current Assets$159,083$199,506$162,557$161,056$98,070
Long-Term Investments$0$0$0$0$0
Fixed Assets$245,615$169,727$186,718$210,291$237,187
Other Long-Term Assets$620,614$170,253$192,096$213,939$235,183
Total Long-Term Assets$866,229$339,980$378,814$424,230$472,370
TOTAL ASSETS$1,025,312$539,486$541,371$585,286$570,440
Liabilities20082007200620052004
Payables & Accrued Expenses$8,677$9,653$9,112$6,576$0
Other Current Liabilities$21,845$21,295$14,650$17,335$0
Total Current Liabilities$30,522$30,948$23,762$23,911$0
Debt$563,265$0$0$0$0
Other Long-Term Liabilities$6,998$2,385$5,771$4,901$5,362
Total Long-Term Liabilities$570,263$2,385$5,771$4,901$5,362
TOTAL LIABILITIES$600,785$33,333$29,533$28,812$5,362
Assets20082007200620052004
Unrestricted$219,328$273,752$252,237$269,411$248,889
Temporarily Restricted$205,199$232,401$259,601$287,063$316,189
Permanently Restricted$0$0$0$0$0
NET ASSETS$424,527$506,153$511,838$556,474$565,078
Revenue and Expenses
Revenue20082007200620052004
Total Contributions$491,938$505,074$490,674$483,634$453,385
Program Service Revenue$281,305$274,403$252,771$265,010$233,025
Membership Dues$0$0$0$0$0
Investment Income$4,370$2,851$2,374$506($634)
Other Revenue$0$0$0$0($530)
Total Other Revenue$285,675$277,254$255,145$265,516$231,861
TOTAL REVENUE$777,613$782,328$745,819$749,150$685,246
Expenses20082007200620052004
Program Services$713,331$645,683$666,449$634,612$604,052
Management & General$128,324$125,290$109,569$108,768$74,639
Fundraising$17,584$17,040$14,437$16,009$13,651
TOTAL EXPENSES$859,239$788,013$790,455$759,389$692,342
Change in Net Assets20082007200620052004
SURPLUS (DEFICIT)($81,626)($5,685)($44,636)($10,239)($7,096)
Other Changes in Net Assets$0$0$0$1,635$0
TOTAL CHANGE IN NET ASSETS($81,626)($5,685)($44,636)($8,604)($7,096)