WORD WORSHIP CENTER

EIN: 464873416 501(c)(3) Religion

Park Forest, IL

Total Revenue
$481,969
Total Expenses
$363,517
Total Assets
$743,367
Net Assets
$743,367
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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
2015
Phone
7088007964
Tax Period
2023-01-01 to 2023-12-31

WORD WORSHIP CENTER, founded in 2015, is a small nonprofit in the Religion sector that reported $482K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $118K, a strong 25% operating margin.

Mission

CHURCH OR RELIGIOUS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $481,942
Program Service Revenue $0
Investment Income $27
Other Revenue $0
TOTAL REVENUE $481,969

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $363,517
Other Expenses $363,517
TOTAL EXPENSES $363,517

Year-over-Year Comparison

2023 2022 Change
Revenue $481,969 $429,285 +0.1%
Expenses $363,517 $338,483 +0.1%
Net Income $118,452 $90,802 +0.3%
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

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Governance

Voting Members
5
Independent Members
1
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Claude D Ambrose PASTOR 40
Director
$0 $0 $0
Charlie Ambrose BOARD MEMBER 30
Director
$0 $0 $0
Willie Brand DEACON / BOARD MEMBER 10
Director
$0 $0 $0
Walter Cosey DEACON / BOARD MEMBER 10
Director
$0 $0 $0
Shirley Cosey TREASURER 10
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
2023 $481,969 $363,517 $743,367 $118,452
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