WORSHIPMOB (EIN 461987135) - 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

2013

Legal Domicile

Principal Officer

SEAN MULLHOLLAND

Phone

7199638270

Tax Period

2023-01-01 to 2023-12-31

WORSHIPMOB, founded in 2013, is a small nonprofit in the Religion sector that reported $199K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $220K exceeded revenue, resulting in a 10% operating deficit.

Mission

WorshipMob is a movement to champion our identity in Christ, the unity of believers, & the freedom we have to receive & share God's love, as His beloved sons and daughters. WorshipMob unites Christians from diverse churches & denominations to worship & pray together in a culture of encouragement & honor with the goal to allow space for the Holy Spirit to move, igniting hearts & changing lives to record, produce, & provide powerful free worship experiences to the world.

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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 $93,242

Program Service Revenue $106,053

Investment Income $0

Other Revenue $0

TOTAL REVENUE $199,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,166

Fundraising Expenses $0

Program Expenses $163,688

Other Expenses $146,780

TOTAL EXPENSES $219,946

Year-over-Year Comparison

	2023	2022	Change
Revenue	$199,295	$271,300	-0.3%
Expenses	$219,946	$277,399	-0.2%
Net Income	$-20,651	$-6,099	+2.4%

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

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

$57,182

Total Directors

Key Employees

$38,462

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sean Mulholland	Executive Director	50.00	Officer Key Emp Highest	$38,462	$0	$38,462
Larissa Mulholland	Secretary/Treasurer	20	Officer	$18,720	$0	$18,720
Rob Reiter	Director	0	Director	$0	$0	$0
Steve Sovaiko	Board Member	0	Director	$0	$0	$0
Geri Sovaiko	Board Member	0	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	$199,295	$219,946	$73,542	$-20,651
2022	$271,300	$277,399	$82,655	$-6,099
2021	$203,454	$221,462	$88,754	$-18,008

WORSHIPMOB