KINGDOM PRAISE MINISTRIES INC

EIN: 272677877 501(c)(3) Religion

Hillside, NJ

Total Revenue
$309,125
Total Expenses
$306,164
Total Assets
$710,328
Net Assets
$305,180
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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
2010
Legal Domicile
NJ
Tax Period
2023-01-01 to 2023-12-31

KINGDOM PRAISE MINISTRIES INC, founded in 2010, is a small nonprofit in the Religion sector that reported $309K in total revenue in fiscal year 2023.

Mission

Develop competent leadership for Christian Ministry; Improve the social welfare and or status of the disenfranchised and marginalized and to Improve the social welfare and or status of Ministers or Retired Pastors who are less privileged.

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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 $309,125
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $309,125

Expense Breakdown

Grants Paid $0
Salaries & Benefits $78,867
Fundraising Expenses $0
Program Expenses $306,164
Other Expenses $181,362
TOTAL EXPENSES $306,164

Year-over-Year Comparison

2023 2022 Change
Revenue $309,125 $309,125 N/A
Expenses $306,164 $306,163 +0.0%
Net Income $2,961 $2,962 0.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
10

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PRINCE FRIMPONG PASTOR IN CHARGE 0.00
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
2023 $309,125 $306,164 $710,328 $2,961
2022 $297,138 $230,944 $706,163 $66,194
2021 $320,391 $176,800 $707,673 $143,591
2020 $248,067 $164,132 $348,716 $83,935
2019 $250,619 $303,597 $177,312 $-52,978
2018 $222,461 $159,634 $169,400 $62,827
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