PRAISE AND WORSHIP OUT REACH CHURCH AND MINISTRIES

EIN: 461086706 501(c)(3) Religion

Chicago, IL

Total Revenue
$36,275
Total Expenses
$34,594
Total Assets
$1,681
Net Assets
$1,681
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
IL
Phone
7088332470
Tax Period
2024-01-01 to 2024-12-31

PRAISE AND WORSHIP OUT REACH CHURCH AND MINISTRIES, founded in 2019, is a micro nonprofit in the Religion sector that reported $25K in total revenue in fiscal year 2019. The organization ran a surplus of $4K, a strong 16% operating margin.

Mission

HELP FAMILY BETTER THEIR LIVES IN THE COMMUNITY

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $36,275
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $36,275

Expense Breakdown

Grants Paid $0
Salaries & Benefits $26,000
Fundraising Expenses $0
Program Expenses $34,594
Other Expenses $8,594
TOTAL EXPENSES $34,594

Year-over-Year Comparison

2024 2023 Change
Revenue $36,275 $37,000 0.0%
Expenses $34,594 $39,362 -0.1%
Net Income $1,681 $-2,362 -1.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
5
Independent Members
5
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EASTER GOODWIN PASTOR 0.00
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 $36,275 $34,594 $1,681 $1,681
2023 $37,000 $39,362 $-2,362 $-2,362
2022 $2,500 $8,775 $-6,275 $-6,275
2021 $2,000 $22,875 $-20,875 $-20,875
2020 $11,000 $7,033 $3,967 $3,967
2019 $24,700 $20,720 $3,980 $3,980
Explore More Nonprofits
→Top 100 Nonprofits in Illinois →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare PRAISE AND WORSHIP OUT REACH CHURCH AND MINISTRIES with other nonprofits in Illinois and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.