Washington Prayer Coalition

EIN: 874107824 501(c)(3) Religion

Fairfax, VA

Total Revenue
$92,843
Total Expenses
$108,308
Total Assets
$120,111
Net Assets
$120,022
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
VA
Principal Officer
Seung Ug Jeong
Phone
7038440355
Tax Period
2024-01-01 to 2024-12-31

Washington Prayer Coalition, founded in 2021, is a micro nonprofit in the Religion sector that reported $93K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $108K exceeded revenue, resulting in a 17% operating deficit.

Mission

to spread the gospel to the world by planting and serving churches, training local Christian leaders and to transform the world through prayer,

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $91,974
Program Service Revenue $0
Investment Income $869
Other Revenue $0
TOTAL REVENUE $92,843

Expense Breakdown

Grants Paid $200
Salaries & Benefits $9,648
Fundraising Expenses $0
Program Expenses $55,117
Other Expenses $97,560
TOTAL EXPENSES $108,308

Year-over-Year Comparison

2024 2023 Change
Revenue $92,843 $135,487 -0.3%
Expenses $108,308 N/A N/A
Net Income $-15,465 $135,487 -1.1%
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

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Governance

Voting Members
4
Independent Members
4
Employees
1
Volunteers
10

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
4
$9,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sang Woo Han Director 0.00
Officer
$9,000 $0 $9,000
Seung Ug Jeong Secretary 0.00
Officer
$0 $0 $0
Justin Song President 0.00
Officer
$0 $0 $0
Peter Cho Treasurer 0.00
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
2024 $92,843 $108,308 $120,111 $-15,465
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