APOSTOLIC HOUSE OF PRAYER (EIN 363795735) - 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

1987

Legal Domicile

Principal Officer

WILLIAM B IVERSON III

Tax Period

2022-01-01 to 2022-12-31

APOSTOLIC HOUSE OF PRAYER, founded in 1987, is a small nonprofit that reported $108K in total revenue in fiscal year 2022. Revenue fell 30% from the prior year — a significant decline worth monitoring. Net assets of $897K represent 100 months of operating reserves.

Mission

To transform lives within and outside of our community with the biblical and practical teaching and tools that improve their day to day lives.

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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 (2022)

Revenue Breakdown

Contributions & Grants $103,916

Program Service Revenue $3,842

Investment Income $67

Other Revenue $0

TOTAL REVENUE $107,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,993

Fundraising Expenses $0

Program Expenses $8,451

Other Expenses $50,631

TOTAL EXPENSES $104,624

Year-over-Year Comparison

	2022	2021	Change
Revenue	$107,825	$154,371	-0.3%
Expenses	$104,624	$140,588	-0.3%
Net Income	$3,201	$13,783	-0.8%

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

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
RONALD WOODS JR	OFFICER	40	Officer	$0	$0	$0
WILLIAM IVERSON III	SECRETARY	40	Officer	$0	$0	$0
JACQUELINE GRAHAM SYLVESTAL	TREASRUER	40	Officer	$0	$0	$0
TIMOTHY JACKSON	TRUSTEE	20	Director	$0	$0	$0
TARA JACKSON	TRUSTEE	20	Director	$0	$0	$0
VINCENT CAIN	TRUSTEE	20	Director	$0	$0	$0
MARTIN CLAYTON	TRUSTEE	20	Director	$0	$0	$0
LAZARICK WILLIAMS	TRUSTEE	20	Director	$0	$0	$0
DARLENE GOGINS BELL	TRUSTEE	20	Director	$0	$0	$0
KYLANA GARRISON REID	TRUSTEE	20	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
2022	$107,825	$104,624	$897,245	$3,201

APOSTOLIC HOUSE OF PRAYER