RESTING PLACE NEW JERSEY HOUSE OF PRAYER INC (EIN 760807085) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Principal Officer

William Silverstein

Phone

2018254242

Tax Period

2023-01-01 to 2023-12-31

RESTING PLACE NEW JERSEY HOUSE OF PRAYER INC, founded in 2005, is a small nonprofit in the Religion sector that reported $340K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

Holding weekly meetings with approximately 200 people promoting the Gospel of Jesus Christ as taught in the Holy Bible.

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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 (2023)

Revenue Breakdown

Contributions & Grants $339,702

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $339,702

Expense Breakdown

Grants Paid $12,750

Salaries & Benefits $150,750

Fundraising Expenses $0

Program Expenses $363,718

Other Expenses $200,218

TOTAL EXPENSES $363,718

Year-over-Year Comparison

	2023	2022	Change
Revenue	$339,702	$244,787	+0.4%
Expenses	$363,718	$284,327	+0.3%
Net Income	$-24,016	$-39,540	-0.4%

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

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

$94,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ali Ferrell	President	40	Officer	$59,850	$0	$59,850
Rich Monaco	Secretary	10	Officer	$23,500	$0	$23,500
Erin Brennan	Vice President	10	Officer	$6,350	$0	$6,350
William Silverstein	Treasurer	10	Officer	$4,400	$0	$4,400

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
2024	No data	No data	No data	No data
2023	$339,702	$363,718	$41,176	$-24,016
2022	$244,787	$284,327	$65,192	$-39,540
2021	$268,711	$260,321	$104,732	$8,390
2020	$224,434	$205,457	$96,342	$18,977

RESTING PLACE NEW JERSEY HOUSE OF PRAYER INC