WORSHIP UNITED INC

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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

Principal Officer

Ladell Cole

Phone

8138124659

Tax Period

2023-01-01 to 2023-12-31

WORSHIP UNITED INC, founded in 2015, is a small nonprofit in the Religion sector that reported $108K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year.

Mission

The mission of Worship United Inc. is to serve the local community helping the poor and needy.

Program Service Accomplishments

Program 1

Expenses: $1,090 Revenue: $0

Community Outreach. Knocking on the doors of the apartment complexes near the church offering prayers and gifts.

Program 2

Expenses: $2,250 Revenue: $0

Back to school Bash. School supplies and food for children and parents,

Program 3

Expenses: $3,373 Revenue: $0

Homeless Outreach. The Homeless outreach is every Saturday feeding the homeless offering prayer and the word of God

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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 $108,265

Program Service Revenue $0

Investment Income $4

Other Revenue $0

TOTAL REVENUE $108,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,252

Fundraising Expenses $0

Program Expenses $6,713

Other Expenses $98,359

TOTAL EXPENSES $111,611

Year-over-Year Comparison

	2023	2022	Change
Revenue	$108,269	$132,472	-0.2%
Expenses	$111,611	$137,560	-0.2%
Net Income	$-3,342	$-5,088	-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

Governance

Voting Members

Independent Members

N/A

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

$8,077

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ladell Cole	Officer	25	Officer	$8,077	$0	$8,077
Tanya Cole	Officer	40	Officer	$0	$0	$0
Kesha Freeny	Officer	15	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
2023	$108,269	$111,611	$13,037	$-3,342
2022	$132,472	$137,560	$16,379	$-5,088
2021	$154,196	$155,816	$21,467	$-1,620
2020	$120,791	$120,613	$23,087	$178