GARMENTS OF PRAISE FOUNDATION INC (EIN 454532726) - 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

2021

Legal Domicile

Principal Officer

ILOWEE M OWENS

Phone

5204069216

Tax Period

2023-01-01 to 2023-12-31

GARMENTS OF PRAISE FOUNDATION INC, founded in 2021, is a small nonprofit in the International Affairs sector that reported $280K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

TO ESTABLISH COMMUNITIES OF HOPE IN AFRICA BY PARTNERING WITH EXISTING MINISTRIES TO PROVIDE JOB SKILLS TRAINING, EDUCATION AND THE TEACHING AND PREACHING OF THE WORD OF GOD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $279,984

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $279,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $267,368

Other Expenses $288,600

TOTAL EXPENSES $288,600

Year-over-Year Comparison

	2023	2022	Change
Revenue	$279,984	$225,882	+0.2%
Expenses	$288,600	$225,190	+0.3%
Net Income	$-8,616	$692	-13.5%

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
ILOWEE OWENS	PRESIDENT	5.00	Officer	$0	$0	$0
LAURIE BLOTKAMP	TREASURER	20.00	Officer	$0	$0	$0
KATHY CARROL	SECRETARY	1.00	Officer	$0	$0	$0
TROY STOKOE	OFFICER	1.00	Officer	$0	$0	$0
TONY JOHNDROW	DIRECTOR	1.00	Director	$0	$0	$0
ANDERS HITCHCOCK	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA GROSS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BAKER	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$279,984	$288,600	$3,403	$-8,616
2022	$225,882	$225,190	$12,019	$692

GARMENTS OF PRAISE FOUNDATION INC