Wesley Putnam Ministries
Nonprofit profile at a glance
- EIN
- 751771414
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Decatur, TX, USA
- Phone
- 8179755524
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Protestant
- Affiliation
- Christianity
Reported finances
- Revenue
- $168,034
- Expenses
- $239,233
- Assets
- $156,950
- Liabilities
- $1,200
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- WESLEY PUTNAM (PRES/EXEC.DI)
- FELICIA PUTNAM (SECRETARY/DI)
- CRAIG FULLER (TREASURER/DI)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Wesley putnam ministries promotes the gospel of jesus christ through all media of communication, including but not limited to radio evangelistic efforts for the united methodist church, and to do any and every act to carry out these purposes through that church and beyond it as opportunities present themselves.
What it reported doing in 2024
Wesley putnam ministries has traveled across the us and world using two of the greatest tools god has given for communicating his message, storytelling and music, to reach people of all ages for god since 1981. This year, while available for in-person ministry, much of what we are doing is now online. Every weekday morning, we stream a time of devotion and song. Every friday night we have a half-hour of worship through music. These opportunities have reached thousands across the country and beyond we could never have met in-person. In addition, we have made available online streaming services of all the video stories and recorded albums of wesleys music free of charge for use by churches and anyone desiring to hear them. The future looks bright for this ministry.
Operating model
- Revenue model
- Donor-supported. 98% 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.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 100
- Sustainability: 20
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 76%; rating input score 76
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -42.4%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0.66; rating input score 46; 46th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 44; 44th percentile among comparable filings
- Officer compensation ratio: 63.6%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -1.1% per year; rating input score 0; 17th percentile among comparable filings
- Asset growth: 3% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 76% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $182K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- 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.
- Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 3/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 44/100.