WORD POWER FOUNDATION MINISTRY

EIN: 200076089 501(c)(3) Religion

Newark, NJ

Total Revenue
$33,979
Total Expenses
$40,400
Total Assets
$85,149
Net Assets
$85,149
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NJ
Principal Officer
Solomon Asare
Tax Period
2023-01-01 to 2023-12-31

WORD POWER FOUNDATION MINISTRY, founded in 2003, is a micro nonprofit in the Religion sector that reported $34K in total revenue in fiscal year 2023. Expenses of $40K exceeded revenue, resulting in a 19% operating deficit.

Mission

the organization is a membership organization acceptance of Jesus as a personal spiritual savor. To attract members the organization use crusedes, personal, verbal referrals and participation of christian evangelism.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $33,979
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $33,979

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $40,400
Other Expenses $40,400
TOTAL EXPENSES $40,400

Year-over-Year Comparison

2023 2022 Change
Revenue $33,979 $33,979 N/A
Expenses $40,400 $40,400 N/A
Net Income $-6,421 $-6,421 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Solomon Asare Minister 30.00
Officer
$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
2023 $33,979 $40,400 $85,149 $-6,421
2021 $47,211 $42,624 $13,612 $4,587
2020 $31,297 $41,434 $13,612 $-10,137
2019 $60,893 $60,893 $13,612 No data
2018 $61,868 $61,868 $13,612 No data
Explore More Nonprofits
→Top 100 Nonprofits in New Jersey →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare WORD POWER FOUNDATION MINISTRY with other nonprofits in New Jersey and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.