TABERNACLE WORSHIP AND PRAYER MINISTRY INC (EIN 371544210) - 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

2009

Legal Domicile

Phone

3109042856

Tax Period

2019-01-01 to 2019-12-31

TABERNACLE WORSHIP AND PRAYER MINISTRY INC, founded in 2009, is a micro nonprofit in the Religion sector that reported $22K in total revenue in fiscal year 2019. Revenue decreased 7% compared to the prior year. Expenses of $21K left a modest 7% surplus.

Mission

ESTABLISH A CHURCH AS HOUSE OF PRAYER. HOLD SUNDAY WORSHIP SERVICES TEACHING PRAYER AS FIRST SOURCE OF POWER GIVEN BY GOD. CONDUCT SUNDAY SCHOOL AND PRAYER CLINICS REINFORCING AND DEEPENING PRAYER LIFE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $22,264

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $22,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,756

Other Expenses $12,965

TOTAL EXPENSES $20,756

Year-over-Year Comparison

	2019	2018	Change
Revenue	$22,264	$23,872	-0.1%
Expenses	$20,756	$21,994	-0.1%
Net Income	$1,508	$1,878	-0.2%

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

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
DR ADEJOKE FATUNDE	BOARD MEMBER	2.00	Director	$0	$0	$0
PASTOR TOYIN LAWAL	BOARD CHAIRPERSON	15.00	Officer	$0	$0	$0
MIN CLEMENTINA SHOOLA	TREASURER	8.00	Officer	$0	$0	$0
MIN ESTHER SUNDAY	SECRETARY	4.00	Officer	$0	$0	$0
PASTOR AFOLABI COKER	BOARD VICE CHAIRPERSON	2.00	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
2019	$22,264	$20,756	No data	$1,508
2018	$23,872	$21,994	$12,290	$1,878

TABERNACLE WORSHIP AND PRAYER MINISTRY INC