WORSHIPERS OF THE KING MINISTRIES

EIN: 262792870 501(c)(3) Religion

EVERETT, MA

Total Revenue
$303,059
Total Expenses
$306,911
Total Assets
$899,683
Net Assets
$403,240
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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
2008
Legal Domicile
MA
Principal Officer
ADRIANO OLIVEIRA
Phone
7813224662
Tax Period
2023-01-01 to 2023-12-31

WORSHIPERS OF THE KING MINISTRIES, founded in 2008, is a small nonprofit in the Religion sector that reported $303K in total revenue in fiscal year 2023.

Mission

TO HONOR AND OBEY AND PREACH THE GOSPEL OF JESUS CHRIST AND HELP RESTORE THE LIVES OF THOSE IN NEED, AND EQUIP BELIEVERS TO REPRODUCE THEMSELVES BY REACHING OTHERS THROUGH THE WORD OF GOD.

Program Service Accomplishments

Program 1

REGULAR CHURCH SERVICES, INCLUDING CONFERENCE TEACHINGS, SUNDAY BIBLE SCHOOL AND MUSIC CHOIR AND ORCHESTRA

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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 (2023)

Revenue Breakdown

Contributions & Grants $302,675
Program Service Revenue $0
Investment Income $384
Other Revenue $0
TOTAL REVENUE $303,059

Expense Breakdown

Grants Paid $0
Salaries & Benefits $205,041
Fundraising Expenses $0
Other Expenses $101,870
TOTAL EXPENSES $306,911

Year-over-Year Comparison

2023 2022 Change
Revenue $303,059 $288,800 +0.0%
Expenses $306,911 $286,077 +0.1%
Net Income $-3,852 $2,723 -2.4%
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
N/A
Employees
4
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
2
$107,777
Total Directors
4
$172,777
Key Employees
2
$107,777
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAIMUNDO OLIVEIRA - SR PASTOR PRESIDENT 050.00
Officer Director Key Emp Highest
$56,197 $0 $56,197
ADRIANO OLIVEIRA MUSIC MINISTER 050.00
Officer Director Key Emp
$51,580 $0 $51,580
ANDREYLA OLIVEIRA SECRETARY 035.00
Director
$39,000 $0 $39,000
CLEONICE OLIVEIRA MUSIC INSTRUCTOR 030.00
Director
$26,000 $0 $26,000
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 $303,059 $306,911 $899,683 $-3,852
2022 $288,800 $286,077 $930,196 $2,723
2021 $326,935 $304,327 $962,909 $22,608
2020 $314,878 $257,679 $919,183 $57,199
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