Praise Network, Inc./ Herb Roszhart 
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
Mailing address:
PO Box 8
732 Turtle Beach, Marquette NE 68854
Aurora, NE 68818-8818
Website: www.praisenetwork.org
Phone: (308) 946-2656
Email: roszhart@hamilton.net
Organization details
EIN: 470716006
CEO/President: Mr. Lloyd Mintzmyer
Chairman: Mr. Herb Roszhart
Board size: 10
Founder: Mr. Herb Roszhart
Year founded: 1988
Tax deductible: Yes
Fiscal year end: 05/31
Member of ECFA: No
Member of ECFA since:
Purpose
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
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.
Statement of faith
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Radio/ TV Stations
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 62 of 726 | 2 of 22 |
| Fund acquisition rating | | 209 of 727 | 8 of 22 |
| Resource allocation rating | | 194 of 727 | 6 of 22 |
| Asset utilization rating | | 37 of 726 | 3 of 22 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 7% | 3% | 3% | 3% | 3% | 3% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 2% | 2% | 2% | 2% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 90% | 62% | 58% | 60% | 60% | 59% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 2% | 2% | 2% | 2% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 10% | 38% | 42% | 40% | 40% | 41% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 84% | 84% | 80% | 79% | 80% |
Spending ratio Spending ratio = Total expenses / Total revenue | 99% | 110% | 99% | 96% | 98% | 95% |
Program output ratio Program output ratio = Program services / Total revenue | 79% | 92% | 84% | 77% | 78% | 76% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 1% | -10% | 1% | 4% | 2% | 5% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | -21% | 1% | 7% | 4% | 9% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 15% | 14% | 14% | 18% | 19% | 18% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.47 | 2.06 | 1.53 | 1.42 | 1.63 | 1.56 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.07 | 1.90 | 2.36 | 2.81 | 4.07 | 5.25 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.15 | 3.92 | 3.62 | 4.00 | 6.65 | 8.17 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 21.45 | 6.91 | 5.85 | 3.95 | 2.77 | 2.53 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.05 | 0.14 | 0.17 | 0.25 | 0.36 | 0.40 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 9.35 | 2.62 | 2.75 | 2.24 | 1.15 | 0.89 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 3% | 8% | 7% | 9% | 9% | 15% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 7% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 209% | 45% | 61% | 64% | 56% | 55% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $303,726 | $284,792 | $240,098 | $136,742 | $102,172 |
| Receivables, inventories, prepaids | $27,656 | $34,906 | $32,031 | $38,077 | $37,288 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $331,382 | $319,698 | $272,129 | $174,819 | $139,460 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $276,319 | $292,977 | $314,409 | $326,403 | $347,530 |
| Other long-term assets | $21,534 | $143,395 | $177,216 | $211,037 | $244,858 |
| Total long-term assets | $297,853 | $436,372 | $491,625 | $537,440 | $592,388 |
| Total assets | $629,235 | $756,070 | $763,754 | $712,259 | $731,848 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $1,965 | $11,803 | $17,708 | $15,703 | $13,278 |
| Other current liabilities | $46,010 | $42,890 | $51,117 | $47,430 | $41,932 |
| Total current liabilities | $47,975 | $54,693 | $68,825 | $63,133 | $55,210 |
| Debt | $0 | $0 | $0 | $0 | $53,759 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $719 | $3 | $207 | $60 | $52 |
| Total long-term liabilities | $719 | $3 | $207 | $60 | $53,811 |
| Total liabilities | $48,694 | $54,696 | $69,032 | $63,193 | $109,021 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Unrestricted | $0 | $701,374 | $540,122 | $492,966 | $465,227 |
| Temporarily restricted | $0 | $0 | $154,600 | $156,100 | $157,600 |
| Permanently restricted | $0 | $0 | $0 | $0 | $0 |
| Net assets | $580,541 | $701,374 | $694,722 | $649,066 | $622,827 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $732,582 | $676,212 | $683,347 | $717,064 | $710,588 |
| Program service revenue | $442,987 | $469,002 | $449,864 | $472,117 | $484,573 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $1,918 | $1,211 | $132 | $41 | $12 |
| Other revenue | $259 | $18,380 | $0 | $0 | $0 |
| Total other revenue | $445,164 | $488,593 | $449,996 | $472,158 | $484,585 |
| Total revenue | $1,177,746 | $1,164,805 | $1,133,343 | $1,189,222 | $1,195,173 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $1,088,509 | $974,825 | $871,132 | $923,910 | $912,669 |
| Management and general | $185,823 | $162,812 | $196,998 | $218,530 | $205,503 |
| Fundraising | $24,247 | $20,516 | $19,557 | $20,543 | $20,634 |
| Total expenses | $1,298,579 | $1,158,153 | $1,087,687 | $1,162,983 | $1,138,806 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | ($120,833) | $6,652 | $45,656 | $26,239 | $56,367 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($120,833) | $6,652 | $45,656 | $26,239 | $56,367 |
Compensation
| Name | Title | Compensation |
| Alex McKenzie | President/Director | $100,000 |
Compensation data as of: 5/31/2020
Response from ministry
No response has been provided by this ministry.