Bridge Street House of Prayer (EIN 262868231) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

Ryan Waalkes

Tax Period

2023-09-01 to 2024-08-31

Bridge Street House of Prayer, founded in 2008, is a small nonprofit in the Religion sector that reported $971K in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $914K left a modest 6% surplus.

Mission

Bridge Street Ministries is a Christian Community Development organization with a mission to equip and empower youth, through holistic development, to be future leaders of restoration and hope in their communities.

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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 (2023)

Revenue Breakdown

Contributions & Grants $766,028

Program Service Revenue $154,080

Investment Income $1,272

Other Revenue $49,555

TOTAL REVENUE $970,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $495,077

Fundraising Expenses $76,466

Program Expenses $671,680

Other Expenses $419,327

TOTAL EXPENSES $914,404

Year-over-Year Comparison

	2023	2022	Change
Revenue	$970,935	$616,886	+0.6%
Expenses	$914,404	$681,199	+0.3%
Net Income	$56,531	$-64,313	-1.9%

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

Employees

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

$83,972

Total Directors

$83,972

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ryan Waalkes	Executive Director	50.00	Officer Director	$83,972	$0	$83,972
Rachelle Rosario	Director	1.00	Director	$0	$0	$0
Brian Cooper	Director	1.00	Director	$0	$0	$0
Renoulte Allen	Director	1.00	Director	$0	$0	$0
Courtney Porte	Chairperson	2.00	Officer Director	$0	$0	$0
John Booy	Vice Chair	1.00	Officer Director	$0	$0	$0
Tom DeVries	Treasurer	2.00	Officer 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
2025	No data	No data	No data	No data
2024	$970,935	$914,404	$1,437,534	$56,531
2023	$616,886	$681,199	$1,363,262	$-64,313
2022	$595,918	$541,764	$1,438,489	$54,154
2021	$674,254	$587,673	$1,378,894	$86,581
2020	$1,067,503	$562,833	$1,359,694	$504,670
2019	$760,795	$498,448	$778,020	$262,347
2018	$560,773	$506,035	$520,707	$54,738

Bridge Street House of Prayer