PRAY 1 INC

EIN: 851496502 501(c)(3) Human Services

KISSIMMEE, FL

Total Revenue
$223,668
Total Expenses
$196,870
Total Assets
$283,557
Net Assets
$266,771
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
FL
Phone
4075201408
Tax Period
2024-01-01 to 2024-12-31

PRAY 1 INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $224K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $197K left a modest 12% surplus.

Mission

TO PROVIDE FOOD, CLOTHING AND HOUSEHOLD FURNITURE TO HOMELESS AND STRUGGLING FAMILIES AT LOW OR NO COST.

Program Service Accomplishments

Program 1
Expenses: $83,432 Revenue: $189,000

THE THRIFT STORE PROVIDES LOW COST USED CLOTHING AND HOUSEHOLD GOODS TO LOW INCOME FAMILIES

Program 2
Expenses: $27,471

THE FOOD PANTRY PROGRAM GIVES AWAY OR PROVIDES LOW COST FOOD DAILY TO INDIVIDUALS AND FAMILIES IN NEED. THIS PROGRAM SERVES APPROXIMATELY 110 PEOPLE PER MONTH.

Program 3
Expenses: $26,854

THE CLOTHING AND HOUSEHOLD GOODS PROGRAM GIVES AWAY CLOTHING AND HOUSEHOLD GOODS TO FAMILIES IN NEED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $210,000
Program Service Revenue $0
Investment Income $0
Other Revenue $13,668
TOTAL REVENUE $223,668

Expense Breakdown

Grants Paid $764
Salaries & Benefits $66,460
Fundraising Expenses $0
Program Expenses $164,595
Other Expenses $129,646
TOTAL EXPENSES $196,870

Year-over-Year Comparison

2024 2023 Change
Revenue $223,668 $319,897 -0.3%
Expenses $196,870 $207,904 -0.1%
Net Income $26,798 $111,993 -0.8%
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
4
Independent Members
3
Employees
2
Volunteers
55

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
$33,800
Total Directors
4
$33,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEVIN K DORSETT VICE PRESIDENT 40.00
Officer Director
$33,800 $0 $33,800
BILLY MIDDLEBROOKS DIRECTOR 1.00
Director
$0 $0 $0
VIRNELL NARINE PRESIDENT 5.00
Officer Director
$0 $0 $0
CHERESE MENDES SECRETARYTREASURER 5.00
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
2024 $223,668 $196,870 $283,557 $26,798
2023 $319,897 $207,904 $258,419 $111,993
2022 $232,255 $184,370 $149,955 $47,885
2021 $247,762 $197,420 $102,069 $50,342
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