Bethel Praise and Worship Center (EIN 421720126) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

Angel Masters

Phone

7574707635

Tax Period

2023-01-01 to 2023-12-31

BETHEL PRAISE AND WORSHIP CENTER, founded in 2007, is a micro nonprofit in the Religion sector that reported $48K in total revenue in fiscal year 2018. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $21K, a strong 44% operating margin.

Mission

A Community Church as Defined in Schedule A of Form 990 Line 1

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $48,093

Program Service Revenue $0

Investment Income $4,117

Other Revenue $135,744

TOTAL REVENUE $187,954

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,000

Fundraising Expenses $0

Program Expenses $140,975

Other Expenses $98,304

TOTAL EXPENSES $142,304

Year-over-Year Comparison

	2023	2022	Change
Revenue	$187,954	$107,150	+0.8%
Expenses	$142,304	$109,712	+0.3%
Net Income	$45,650	$-2,562	-18.8%

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

N/A

Employees

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
Angel Masters	Director	30.00	Director	$0	$0	$0
Colleen Mathias	Treasurer	2.00	Officer	$0	$0	$0
Phyllis Tillett	Secretary	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
2024	No data	No data	No data	No data
2023	$187,954	$142,304	$1,258,625	$45,650
2022	$107,150	$109,712	$1,213,871	$-2,562
2021	$69,375	$72,428	$1,323,497	$-3,053
2020	$71,093	$70,560	$1,217,700	$533
2019	$70,114	$76,216	$1,217,167	$-6,102
2018	$48,212	$27,139	$1,255,299	$21,073

Bethel Praise and Worship Center