Psalm One Foundation

Nonprofit profile at a glance

EIN
995065427
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
Poplar Bluff, MO, USA
Phone
5737142017
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alcohol, Drug and Substance Abuse, Dependency Prevention and Treatment
Affiliation
Christianity

Reported finances

Revenue
$318,102
Expenses
$258,895
Assets
$59,233
Liabilities
$26

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Wes Tayloe (President)
  • Mark Kilhafner (Executive Director)

People named in this filing

  • Wes Tayloe (President)
  • Mark Kilhafner (Executive Director)
  • Debby Gross (Secretary)

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

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.

What it reported doing in 2024

Revive Resale LLC was purchased to provide an income stream to the foundation along with a place for employment opportunities to those in addiction recovery programs. Individuals employed from these programs learn valuable job skills such as dealing with the public, running a register and maintaining a regular work schedule that will help them toward future employment goals. In this past year, we have employed 10 such individuals with 3 of those currently still on staff. Revenue is generated from resale of donated clothing and household items. This revenue is included on line 1f-All other contributions, gifts, grants and similar with these specific donations listed as noncash contributions on line 1g. This program also helped 38 homeless or needy individuals with clothing and/or food. Periodically, unsold items are donated to other nonprofit organizations.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 92
  • Accountability: 64
  • Sustainability: 53
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78%; rating input score 78
  • Program expense ratio: 95.8%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd 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: 18.6%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 0.23; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 58; 58th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 78% of revenue deployed · 95.8% of spending went to programs
  • Governance: 6 of 6 board members independent · 1 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $248K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 41 of 42 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 58/100.