POWERHOUSE MINISTRIES INC

EIN: 621799718 501(c)(3) Religion

HERMITAGE, TN

Total Revenue
$222,929
Total Expenses
$197,976
Total Assets
$55,885
Net Assets
$47,370
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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
1999
Legal Domicile
TN
Principal Officer
SANDRA B POWELL
Phone
6157394148
Tax Period
2023-01-01 to 2023-12-31

POWERHOUSE MINISTRIES INC, founded in 1999, is a small nonprofit in the Religion sector that reported $223K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $198K left a modest 11% surplus.

Mission

THE MISSION OF POWERHOUSE MINISTRIES IS TO TEACH THE GOSPEL THROUGH SPEAKING ENGAGEMENTS AND WORSHIP, PERSONAL MINISTRY AND HELP TO THE POOR AND NEEDY.

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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 $177,789
Program Service Revenue $22,088
Investment Income $290
Other Revenue $22,762
TOTAL REVENUE $222,929

Expense Breakdown

Grants Paid $15,619
Salaries & Benefits $54,649
Fundraising Expenses $0
Program Expenses $192,044
Other Expenses $127,708
TOTAL EXPENSES $197,976

Year-over-Year Comparison

2023 2022 Change
Revenue $222,929 $236,131 -0.1%
Expenses $197,976 $205,251 0.0%
Net Income $24,953 $30,880 -0.2%
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
3
Independent Members
1
Employees
5
Volunteers
2

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
$44,392
Total Directors
3
$44,392
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SANDRA B POWELL PRESIDENT & 60.00
Officer Director
$12,000 $2,296 $14,296
SHANE ANTHONY WOMER VICE-PRES/TR 60.00
Officer Director
$28,257 $1,839 $30,096
CHERYL C HALL SECRETARY/DI 1.00
Officer 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
2023 $222,929 $197,976 $55,885 $24,953
2022 $236,131 $205,251 $66,409 $30,880
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