New Beginnings House of Prayer (EIN 800931922) - 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

Legal Domicile

Phone

8593388897

Tax Period

2024-07-01 to 2025-06-30

New Beginnings House of Prayer is a small nonprofit in the Religion sector that reported $133K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $412K represent 37 months of operating reserves.

Mission

Religious worship to establish and maintain a place of worship of the almight God our Heavenly Father, the Lord Jesus Christ for promotion of Christian Fellowship and Edification

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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 (2024)

Revenue Breakdown

Contributions & Grants $133,229

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $133,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,686

Other Expenses $137,686

TOTAL EXPENSES $137,686

Year-over-Year Comparison

	2024	2023	Change
Revenue	$133,229	$122,742	+0.1%
Expenses	$137,686	$99,994	+0.4%
Net Income	$-4,457	$22,748	-1.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cecil Tatum	President	20.00	Officer	$0	$0	$0
Wilella Tatum	Secretary	20.00	Officer	$0	$0	$0
Cieta Marshall	Treasurer	20.00	Officer	$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
2025	$133,229	$137,686	$604,803	$-4,457
2024	$122,742	$99,994	$626,994	$22,748
2023	$173,385	$71,040	$701,950	$102,345
2022	$133,630	$96,510	$630,709	$37,120
2021	$118,131	$62,855	$623,719	$55,276
2020	$89,726	$54,482	$594,321	$35,244
2019	$98,817	$33,386	$592,362	$65,431

New Beginnings House of Prayer