GREATER TEMPLE OF PRAISE INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

GREATER TEMPLE OF PRAISE INC, founded in 1987, is a small nonprofit in the Religion sector that reported $195K in total revenue in fiscal year 2022. The organization ran a surplus of $64K, a strong 33% operating margin.

Mission

WE ARE A COMMUNITY CHURCH THAT SHARES THE GOOD NEWS OF JESUS CHRIST AND SERVES THE COMMUNITY IN HIS LOVE.WE EXIST TO WELCOME PEOPLE TO FAITH THAT WORKS IN THE NAME OF JESUS CHRIST

Program Service Accomplishments

Program 1

Expenses: $10,600

WE ARE A COMMUNITY CHURCH THAT SHARES THE GOOD NEWS OF JESUS CHRIST AND SERVES THE COMMUNITY IN HIS LOVE.WE EXIST TO WELCOME PEOPLE TO FAITH THAT WORKS IN THE NAME OF JESUS CHRIST, THUSWE HAVE A COAT GIVEAWAY FROM AUGUST TO DECEMBER - A YEARLY MENS SCHOLARSHIP FUND WHERE WE GIVE $1500 PER APPLICANT-WE HAVE A 200 BOOK BAGS GIVEAWAY WITH SUPPLIES EACH MONTH FROM AUGUST - A CLOTHING DRIVE TO THE HOMELESS 4 TIMES A YEAR-DURING THE HOLIDAYS WE PROVIDE TURKEY AND FOOD BAGS- WE ALSO FEED THE HOMELESS FAMILIES AT LOCAL MENS SHELTERS EVERY MONTH - WE HAVE A FRIEND AND FAMILY DAY EVENT EACH YEAR IN JULY AND GIVE AWAY FOOD AND BEVERAGE TO THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $194,605

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $194,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,000

Fundraising Expenses $0

Program Expenses $10,600

Other Expenses $100,116

TOTAL EXPENSES $130,116

Year-over-Year Comparison

	2022	2021	Change
Revenue	$194,605	N/A	N/A
Expenses	$130,116	N/A	N/A
Net Income	$64,489	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY L WHITE	BISHOP	0.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2022	$194,605	$130,116	$143,372	$64,489
2021	$213,589	$148,316	$78,883	$65,273