Prophecy Watchers Inc
Nonprofit profile at a glance
- EIN
- 471477362
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Oklahoma City, OK, USA
- Phone
- 4056082268
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Religious Printing, Publishing
- Affiliation
- Christianity
Reported finances
- Revenue
- $4,687,246
- Expenses
- $4,546,856
- Assets
- $2,619,332
- Liabilities
- $73,556
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- GARY G STEARMAN (PRESIDENT)
People named in this filing
- GARY G STEARMAN (PRESIDENT)
- ROBERT J ULRICH (CFO)
- KRISTINA G ULRICH (SECRETARY/TR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To evangelize those outside christian belief, to educate christians in the tenets of the faith, to exalt the gospel of grace, and to correctly and clearly expound bible prophecy through the following: a. To evangelize those outside christian belief b. To educate christians in the tenets of the faith c. To exalt the gospel of grace, bringing hope and comfort d. To correctly and clearly expound bible prophecy
What it reported doing in 2024
Development and implementation of annual conferences at various locations to reach both christian and non-christians in their education of current biblical prohecy developments on an intimate face to face platform with multiple guest speakers and leaders on the cutting edge of prophecy interpretation and information
Operating model
- Revenue model
- Earned-program. 61% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 90
- Accountability: 35
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97%; rating input score 97
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 8th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 3%; rating input score 44; 44th percentile among comparable filings
- Total-asset coverage ratio: 0.58; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 14.1% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 13.2% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 12% per year; rating input score 100; 66th percentile among comparable filings
Details
- Where the money goes: 97% of revenue deployed · 100% of spending went to programs
- Governance: 3 of 6 board members independent · 1 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $4.5M in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 5 of 6 not reported.
- Review — Accountability: Independent voting board scored 50/100.
- Moderate — Sustainability: Operating margin scored 44/100.
- High — Sustainability: Total-asset coverage ratio scored 21/100.