SALEM HOUSE OF PRAYER (EIN 270122491) - 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

2005

Legal Domicile

Principal Officer

RICHARD FRANK

Phone

5035899176

Tax Period

2023-01-01 to 2023-12-31

SALEM HOUSE OF PRAYER, founded in 2005, is a small nonprofit in the Religion sector that reported $207K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $237K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO OFFER PRAYER AND SUPPORT MISSIONS

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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 $195,295

Program Service Revenue $0

Investment Income $0

Other Revenue $11,560

TOTAL REVENUE $206,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,807

Fundraising Expenses $0

Program Expenses $183,272

Other Expenses $153,062

TOTAL EXPENSES $236,869

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,855	$230,972	-0.1%
Expenses	$236,869	$246,136	0.0%
Net Income	$-30,014	$-15,164	+1.0%

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

$43,788

Total Directors

$80,631

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM MOORE	BOARD MEMBER	7.00	Officer Director	$43,788	$0	$43,788
RICHARD FRANK	Director	50.00	Director	$36,843	$0	$36,843
SAM EDWARDS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELA EDWARDS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHECK HELLETT	PRESIDENT/CHAIR	1.00	Director	$0	$0	$0
LINDA MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
NELS OLSON	BOARD MEMBER	1.00	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
2023	$206,855	$236,869	$42,510	$-30,014
2022	$230,972	$246,136	$72,694	$-15,164
2021	$235,873	$242,765	$91,982	$-6,892
2020	$207,924	$197,906	$106,434	$10,018
2019	$161,524	$183,093	$96,218	$-21,569
2018	$155,189	$159,060	$107,478	$-3,871

SALEM HOUSE OF PRAYER