WORSHIPLANET INC

EIN: 710640235 501(c)(3) Religion

HARRISON, AR

Total Revenue
$126,672
Total Expenses
$120,406
Total Assets
$101,973
Net Assets
$97,825
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
AR
Principal Officer
MARK TEDDER
Phone
7192681082
Tax Period
2021-01-01 to 2021-12-31

WORSHIPLANET INC, founded in 1980, is a micro nonprofit in the Religion sector that reported $67K in total revenue in fiscal year 2018. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $84K exceeded revenue, resulting in a 25% operating deficit.

Mission

MISSIONARY SERVICES

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $123,477
Program Service Revenue $0
Investment Income $0
Other Revenue $3,195
TOTAL REVENUE $126,672

Expense Breakdown

Grants Paid $0
Salaries & Benefits $66,020
Fundraising Expenses $0
Program Expenses $112,607
Other Expenses $54,386
TOTAL EXPENSES $120,406

Year-over-Year Comparison

2021 2020 Change
Revenue $126,672 $91,997 +0.4%
Expenses $120,406 $88,073 +0.4%
Net Income $6,266 $3,924 +0.6%
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

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Governance

Voting Members
6
Independent Members
6
Employees
1
Volunteers
20

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
0
$0
Total Directors
6
$66,020
Key Employees
2
$66,020
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK TEDDER PRESIDENT 40.00
Director Key Emp Highest
$66,020 $0 $66,020
CARRIE TEDDER VICE PRESIDENT 40.00
Director Key Emp
$0 $0 $0
HOPE CLARK SECRETARY 40.00
Director
$0 $0 $0
MIKE ABRAHAM BOARD MEMBER 40.00
Director
$0 $0 $0
PAUL TYLER BOARD MEMBER 40.00
Director
$0 $0 $0
MIKE HALSMITH BOARD MEMBER 40.00
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
2021 $126,672 $120,406 $101,973 $6,266
2020 $91,997 $88,073 $92,842 $3,924
2019 $109,786 $60,033 $87,719 $49,753
2018 $67,171 $83,976 $31,175 $-16,805
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