Truth Tabernacle of Praise Inc

EIN: 202446420 501(c)(3) Religion

Stone Mountain, GA

Total Revenue
$282,011
Total Expenses
$299,139
Total Assets
$493,678
Net Assets
$492,519
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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
2005
Legal Domicile
GA
Principal Officer
Freeman B Atkins
Phone
4042977700
Tax Period
2024-01-01 to 2024-12-31

Truth Tabernacle of Praise Inc, founded in 2005, is a small nonprofit in the Religion sector that reported $282K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

House of Worship

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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 (2024)

Revenue Breakdown

Contributions & Grants $282,011
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $282,011

Expense Breakdown

Grants Paid $0
Salaries & Benefits $128,975
Fundraising Expenses $0
Program Expenses $46,072
Other Expenses $170,164
TOTAL EXPENSES $299,139

Year-over-Year Comparison

2024 2023 Change
Revenue $282,011 $305,261 -0.1%
Expenses $299,139 $304,262 0.0%
Net Income $-17,128 $999 -18.1%
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
6
Independent Members
6
Employees
1
Volunteers
N/A

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
3
$96,250
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Freeman B Atkins Senior Pastor 40.00
Officer
$20,310 $75,940 $96,250
Delores Buffington Treasurer 50.00
Officer
$0 $0 $0
Keith Shelton Secretary 15.00
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
2024 $282,011 $299,139 $493,678 $-17,128
2023 $305,261 $304,262 $509,647 $999
2022 $286,254 $263,752 $508,950 $22,502
2021 $260,707 $213,915 $561,983 $46,792
2020 $304,401 $254,626 $553,142 $49,775
2019 $270,295 $260,551 $518,210 $9,744
2018 $303,093 $250,699 $566,031 $52,394
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