GREATER TEMPLE OF PRAISE INC

EIN: 113533478 501(c)(3) Religion

BROOKLYN, NY

Total Revenue
$194,605
Total Expenses
$130,116
Total Assets
$143,372
Net Assets
$143,372
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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
NY
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

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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%)

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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

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Governance

Voting Members
12
Independent Members
N/A
Employees
N/A
Volunteers
8

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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
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
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