WORSHIP UNITED INC

EIN: 473840505 501(c)(3) Religion

Riverview, FL

Total Revenue
$108,269
Total Expenses
$111,611
Total Assets
$13,037
Net Assets
$13,037
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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
FL
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 restore the lost, provide resources to those that cannot help themselves and be a beacon of hope in the community.

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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 $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

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Governance

Voting Members
6
Independent Members
N/A
Employees
1
Volunteers
12

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
3
$8,077
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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