LIVING DESTINY TABERNACLE

EIN: 455205149 501(c)(3) Religion

NORFOLK, VA

Total Revenue
$403,781
Total Expenses
$396,495
Total Assets
$991,666
Net Assets
$271,625
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
VA
Principal Officer
MOSES S ASAMOAH JR
Phone
7573757346
Tax Period
2023-01-01 to 2023-12-31

LIVING DESTINY TABERNACLE, founded in 2013, is a small nonprofit in the Religion sector that reported $217K in total revenue in fiscal year 2019. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $202K left a modest 7% surplus.

Mission

TO PROVIDE SPIRITUAL TEACHING AND COUNSELLING

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $403,781
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $403,781

Expense Breakdown

Grants Paid $0
Salaries & Benefits $107,644
Fundraising Expenses $0
Program Expenses $392,508
Other Expenses $288,851
TOTAL EXPENSES $396,495

Year-over-Year Comparison

2023 2022 Change
Revenue $403,781 $306,471 +0.3%
Expenses $396,495 $314,715 +0.3%
Net Income $7,286 $-8,244 -1.9%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
2
Employees
7
Volunteers
25

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDY DEUBLE DIRECTOR 008.00
Director
$0 $0 $0
BENJAMIN MICHAELS DIRECTOR 005.00
Director
$0 $0 $0
CRAIG VON BUSECK DIRECTOR 005.00
Director
$0 $0 $0
MOSES ASAMOAH PRESIDENT 050.00
Officer
$0 $0 $0
MALVIN ASAMOAH TREASURER 015.00
Officer
$0 $0 $0
BARRY JENKINS SECRETARY 002.00
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 $403,781 $396,495 $991,666 $7,286
2022 $306,471 $314,715 $1,019,802 $-8,244
2021 $411,684 $239,735 $808,195 $171,949
2020 $288,173 $231,100 $153,084 $57,073
2019 $217,351 $202,194 $95,937 $15,157
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