LIGHT OF THE WORLD PRAYER CENTER (EIN 263598337) - 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

2009

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

LIGHT OF THE WORLD PRAYER CENTER, founded in 2009, is a small nonprofit in the Religion sector that reported $237K in total revenue in fiscal year 2023.

Mission

A PRAYER CENTER TO ENCOURAGE AND FACILITATE 24/7 PRAYER AND WORSHIP OF JESUS CHRIST, PRIMARILY IN WHATCOM COUNTY, BUT ALSO AROUND THE NATION AND AROUND THE WORLD, AS LED BY THE HOLY SPIRIT, FOR THE GLORY OF GOD.

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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 $159,775

Program Service Revenue $77,400

Investment Income $0

Other Revenue $0

TOTAL REVENUE $237,175

Expense Breakdown

Grants Paid $42,250

Salaries & Benefits $151,315

Fundraising Expenses $12,320

Program Expenses $220,850

Other Expenses $59,720

TOTAL EXPENSES $253,285

Year-over-Year Comparison

	2023	2022	Change
Revenue	$237,175	$231,230	+0.0%
Expenses	$253,285	$238,840	+0.1%
Net Income	$-16,110	$-7,610	+1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL RICHARDSON	EXECUTIVE DIRECTOR	45.00	Officer Director	$0	$0	$0
BEV STERK	TREASURER	2.00	Officer	$0	$0	$0
SHARON RICHARDSON	SECRETARY	5.00	Officer	$0	$0	$0
MARK IBLINGS	PRESIDENT	2.00	Officer	$0	$0	$0
ALVIN VANDER GRIEND	VICE PRESIDENT	2.00	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	No data	No data	No data	No data
2023	$237,175	$253,285	$48,500	$-16,110
2022	$231,230	$238,930	$67,525	$-7,700
2021	$199,765	$181,915	$73,540	$17,850
2020	$246,655	$247,355	$48,665	$-700

LIGHT OF THE WORLD PRAYER CENTER