HIGH PRAISES CHURCH

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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

1998

Legal Domicile

Principal Officer

JACKIE MIDKIFF

Phone

8656819031

Tax Period

2021-01-01 to 2021-12-31

HIGH PRAISES CHURCH, founded in 1998, is a community nonprofit in the Religion sector that reported $1.1M in total revenue in fiscal year 2021. Revenue surged 128% from the prior year, signaling strong growth momentum. The organization ran a surplus of $426K, a strong 39% operating margin.

Mission

PROVIDING THE WORD OF GOD THROUGH REGULAR CHURCH MINISTRY AND MUSICAL MINISTRY.

Program Service Accomplishments

Program 1

Expenses: $532,990

MINISTERED TO OVER 600 PEOPLE THE WORD OF THE LORD AND BROUGHT NEW PEOPLE TO CHRIST THROUGH PRAYER AND BAPTISM.

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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 (2021)

Revenue Breakdown

Contributions & Grants $710,338

Program Service Revenue $0

Investment Income $377,211

Other Revenue $-1,509

TOTAL REVENUE $1,086,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $269,201

Fundraising Expenses $0

Program Expenses $532,990

Other Expenses $390,456

TOTAL EXPENSES $659,657

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,086,040	$475,606	+1.3%
Expenses	$659,657	$447,294	+0.5%
Net Income	$426,383	$28,312	+14.1%

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

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

$135,685

Total Directors

$2,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BLEVINS	ELDER	5.00	Director	$1,000	$0	$1,000
TERRY PRATER	ELDER	5.00	Director	$1,000	$0	$1,000
JACKIE MIDKIFF	PRESIDENT	50.00	Officer	$62,285	$42,400	$104,685
HALLIE PRICE	FINANCIAL SECRETARY	40.00	Officer	$29,000	$0	$29,000
KRISTI MIKLES	TREASURER	5.00	Officer	$1,000	$0	$1,000
ANDY DOCKERY	SECRETARY	5.00	Officer	$1,000	$0	$1,000

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	$1,086,040	$659,657	$1,004,410	$426,383
2020	$475,606	$447,294	$1,557,844	$28,312
2019	$548,005	$480,272	$1,374,092	$67,733