TABERNACLE OF PRAISE PROPHETIC MINISTRIES INC (EIN 863991978) - 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

2021

Legal Domicile

Principal Officer

Dianne Bae

Phone

9174490996

Tax Period

2023-01-01 to 2023-12-31

TABERNACLE OF PRAISE PROPHETIC MINISTRIES INC, founded in 2021, is a small nonprofit in the Religion sector that reported $502K in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $482K left a modest 4% surplus.

Mission

Tabernacle of Praise Prophetic Ministries' mission is to empower and equip people to walk in the life, liberty, and victory that God has destined for them, through the saving grace of our Lord Jesus Christ; and to raise the banner of praise unto God globally.

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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 $501,656

Program Service Revenue $0

Investment Income $143

Other Revenue $0

TOTAL REVENUE $501,799

Expense Breakdown

Grants Paid $405,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $478,998

Other Expenses $76,742

TOTAL EXPENSES $481,942

Year-over-Year Comparison

	2023	2022	Change
Revenue	$501,799	$324,391	+0.5%
Expenses	$481,942	$325,298	+0.5%
Net Income	$19,857	$-907	-22.9%

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

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
Dianne Bae	President	15	Officer	$0	$0	$0
Powan Liew	Secretary	2	Officer	$0	$0	$0
Ifeanyi Umeugo	Treasurer	2	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
2024	No data	No data	No data	No data
2023	$501,799	$481,942	$20,219	$19,857
2022	$324,391	$325,298	$362	$-907
2021	$355,188	$353,921	$1,267	$1,267

TABERNACLE OF PRAISE PROPHETIC MINISTRIES INC