MEETING PLACE TMP

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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

2017

Legal Domicile

Principal Officer

William Chung

Phone

8587611207

Tax Period

2020-01-01 to 2020-12-31

MEETING PLACE TMP, founded in 2017, is a small nonprofit in the Religion sector that reported $413K in total revenue in fiscal year 2020. Revenue surged 135% from the prior year, signaling strong growth momentum. The organization ran a surplus of $149K, a strong 36% operating margin.

Mission

The Meeting Place TMP is a religious corporation whose mission is to serve as a meeting place for people to gather, to worship, and to be trained as spiritual leaders who make a Kingdom impact to those around them.

Program Service Accomplishments

Program 1

Expenses: $218,706 Revenue: $270,692

TMP Church Plant was a new initiative that was started to make the necessary arrangements in transitioning the organization towards becoming a formal church which would allow us to better steward our...

Program 2

Expenses: $10,400 Revenue: $0

Praise and Prayer (prayer room) was an open space where we provided live praise music, supplies, and other services to those needing a place to pray and worship.

Program 3

Expenses: $7,703 Revenue: $0

Monthly Gatherings were hosted the first Monday of every month to gather people regionally and corporately for praise, preaching, and prayer. We provide a live band, live streaming, guest speakers...

Monthly Gatherings were hosted the first Monday of every month to gather people regionally and corporately for praise, preaching, and prayer. We provide a live band, live streaming, guest speakers, and any other services as needed.

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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 (2020)

Revenue Breakdown

Contributions & Grants $413,263

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $413,263

Expense Breakdown

Grants Paid $13,011

Salaries & Benefits $187,254

Fundraising Expenses $0

Program Expenses $241,083

Other Expenses $64,307

TOTAL EXPENSES $264,572

Year-over-Year Comparison

	2020	2019	Change
Revenue	$413,263	$175,613	+1.4%
Expenses	$264,572	$158,867	+0.7%
Net Income	$148,691	$16,746	+7.9%

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

N/A

Employees

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

$99,463

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Chung	President	40	Officer Highest	$90,375	$9,088	$99,463

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
2020	$413,263	$264,572	$205,443	$148,691