WORD OF TRUTH TEACHING MINISTRIES … - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

STANLEY H PHILLIPS

Phone

6625873201

Tax Period

2022-01-01 to 2022-12-31

WORD OF TRUTH TEACHING MINISTRIES INC, founded in 1979, is a micro nonprofit that reported $43K in total revenue in fiscal year 2022. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $39K left a modest 9% surplus.

Mission

SPREAD THE GOSPEL OF JESUS CHRIST RENOVATE CHURCH BUILDINGS IN NEED OF REPAIR FOR CONGREGATIONS THAT CANNOT AFFORD TO PAY FOR THE REPAIRS, HOST EVANGELISTIC

Program Service Accomplishments

Program 1

Expenses: $35,440 Revenue: $42,619

RENOVATE CHURCH BUILDINGS IN NEED OF REPAIR FOR CONGREGATIONS THAT CANNOT AFFORD TO PAY FOR THE REPAIRS, HOST EVANGELISTIC EVENTS TO PREACH THE GOSPEL, MISSIONS WORK TO SHARE THE GOSPEL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $42,619

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $42,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,440

Other Expenses $38,947

TOTAL EXPENSES $38,947

Year-over-Year Comparison

	2022	2021	Change
Revenue	$42,619	$60,392	-0.3%
Expenses	$38,947	$59,457	-0.3%
Net Income	$3,672	$935	+2.9%

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

N/A

Volunteers

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STANLEY H PHILLIPS	CEO	10.00	Director	$0	$0	$0
LEE E PUTMAN	SECRETARY	1.00	Director	$0	$0	$0
CURTIS WACASER	CFO	1.00	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
2022	$42,619	$38,947	$8,784	$3,672
2021	$60,392	$59,457	$5,112	$935
2020	$43,734	$79,135	$4,176	$-35,401
2019	$82,311	$133,377	$39,577	$-51,066
2018	$170,101	$159,286	$90,644	$10,815

WORD OF TRUTH TEACHING MINISTRIES INC