CARMEL PRAYER TOWER INC (EIN 311805372) - 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

2002

Legal Domicile

Principal Officer

DAVID TURNER

Phone

2395720815

Tax Period

2024-01-01 to 2024-12-31

CARMEL PRAYER TOWER INC, founded in 2002, is a micro nonprofit in the Religion sector that reported $2K in total revenue in fiscal year 2024. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $17K exceeded revenue, resulting in a 948% operating deficit.

Mission

SUPPORT CONSTRUCTION AND OPERATION OF A MISSIONARY COLLEGE, CHURCH AND ORPHANAGE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,650

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,650

Expense Breakdown

Grants Paid $17,286

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,286

Other Expenses $0

TOTAL EXPENSES $17,286

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,650	$16,800	-0.9%
Expenses	$17,286	$3,791,834	-1.0%
Net Income	$-15,636	$-3,775,034	-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

N/A

Employees

N/A

Volunteers

N/A

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
JENNIFER TURNER	SECRETARY	10.00	Officer Director	$0	$0	$0
DAVID TURNER	PRESIDENT	10.00	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
2024	$1,650	$17,286	$37,882	$-15,636
2023	$16,800	$3,791,834	$53,518	$-3,775,034
2022	$101,900	$173,663	$3,828,552	$-71,763
2021	$21,940	$95,943	$3,900,315	$-74,003
2020	No data	No data	$3,864,394	No data
2019	$194,300	$320,865	$3,864,394	$-126,565
2018	$377,059	$1,499,581	$3,990,959	$-1,122,522

CARMEL PRAYER TOWER INC