WELL OF WORSHIP CENTER INC

EIN: 473383728 501(c)(3) Religion

DRACUT, MA

Total Revenue
$285,556
Total Expenses
$99,138
Total Assets
$186,418
Net Assets
N/A
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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
Legal Domicile
MA
Tax Period
2021-01-01 to 2021-12-31

WELL OF WORSHIP CENTER INC, founded in 2015, is a small nonprofit in the Religion sector that reported $286K in total revenue in fiscal year 2021. The organization ran a surplus of $186K, a strong 65% operating margin.

Mission

TO ENGAGE IN THE WORSHIP OF THE ALMIGHTY GOD FELLOWSHIP OF THE HOLY SPIRIT PRAYER,BIBLE STUDY TEACHING EVANGELIZATION OF THE WORD OF GOD AS ILLUSTRATED IN THE HOLY BIBLE AND CHARITABLE PURPOSES

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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 (2021)

Revenue Breakdown

Contributions & Grants $285,556
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $285,556

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $99,138
TOTAL EXPENSES $99,138

Year-over-Year Comparison

2021 2020 Change
Revenue $285,556 N/A N/A
Expenses $99,138 N/A N/A
Net Income $186,418 N/A N/A
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
5
Employees
N/A
Volunteers
5

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSEMARY WAKANYA DIRECTOR 4.00
Officer
$0 $0 $0
NORMAN M LETEREWA ASSISTANT TREASURER 5.00
Officer
$0 $0 $0
SIMON MWAURA CLERK 3.00
Officer
$0 $0 $0
PASCALINA W GATHUA TREASURER 4.00
Officer
$0 $0 $0
REVEREND JOSEPH GATHUA PASTOR PRESIDENT 10.00
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
2021 $285,556 $99,138 $186,418 $186,418
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