HOUSE OF PRAYER FOUNDATION

EIN: 300455670 501(c)(3) Religion

TACOMA, WA

Total Revenue
$331,823
Total Expenses
$321,756
Total Assets
$52,650
Net Assets
$52,650
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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
2007
Legal Domicile
WA
Tax Period
2020-01-01 to 2020-12-31

HOUSE OF PRAYER FOUNDATION, founded in 2007, is a small nonprofit in the Religion sector that reported $332K in total revenue in fiscal year 2020. Revenue decreased 17% compared to the prior year. Expenses of $322K left a modest 3% surplus.

Mission

House of prayer foundation provides community foodbank Shelter for the homeless and newly added childcare preschool ages 1 month- 12 yrs old.

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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 (2020)

Revenue Breakdown

Contributions & Grants $98,875
Program Service Revenue $232,948
Investment Income $0
Other Revenue $0
TOTAL REVENUE $331,823

Expense Breakdown

Grants Paid $0
Salaries & Benefits $136,597
Fundraising Expenses $0
Program Expenses $321,756
Other Expenses $185,159
TOTAL EXPENSES $321,756

Year-over-Year Comparison

2020 2019 Change
Revenue $331,823 $400,640 -0.2%
Expenses $321,756 $391,444 -0.2%
Net Income $10,067 $9,196 +0.1%
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

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Governance

Voting Members
7
Independent Members
N/A
Employees
9
Volunteers
8

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
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Don Pitchford Director 10.00
Director
$0 $0 $0
Louise Lee Board member 1.00
Director
$0 $0 $0
Anecia Miller Board member 40.00
Director
$0 $0 $0
Carolyn Lemmon Vice-President 15.00
Officer
$0 $0 $0
Lisa Race Secretary 10.00
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
2020 $331,823 $321,756 $52,650 $10,067
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