Vessels of Mercy International Inc (EIN 030404068) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

Beverly A Gibson

Phone

8047404575

Tax Period

2024-01-01 to 2024-12-31

VESSELS OF MERCY INTERNATIONAL, founded in 1995, is a small nonprofit in the Religion sector that reported $191K in total revenue in fiscal year 2019. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $215K exceeded revenue, resulting in a 13% operating deficit.

Mission

FAITH-BASED CHARITABLE RELIEF AND DEVELOPMENT ORGANIZATION PROVIDES OUTREACH SERVICES TO INNER CITY YOUTH DISASTER RELIEF AND MEDICAL AND DEVELOPMENT RELIEF TO AREAS LOCATED AROUND THE WORLD.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $190,352

Program Service Revenue $0

Investment Income $64,664

Other Revenue $33,881

TOTAL REVENUE $288,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,759

Fundraising Expenses $21,513

Program Expenses $240,460

Other Expenses $229,254

TOTAL EXPENSES $336,013

Year-over-Year Comparison

	2024	2023	Change
Revenue	$288,897	$709,878	-0.6%
Expenses	$336,013	$299,106	+0.1%
Net Income	$-47,116	$410,772	-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

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

Volunteers

160

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

$84,240

Total Directors

$84,240

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Beverly A Gibson	Founder & CEO	60.00	Officer Director	$84,240	$0	$84,240
Brenda B Raney	Vice President	8.00	Officer Director	$0	$0	$0
Debra Gibson-Davenport	Director	8.00	Director	$0	$0	$0
Kim Alford	Director	2.00	Director	$0	$0	$0
Donna Jarrell	Chairman BOD	2.00	Director	$0	$0	$0
Joan Sties	Director	2.00	Director	$0	$0	$0
Cerena Griffith	Secretary/Chair	10.00	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
2025	No data	No data	No data	No data
2024	$288,897	$336,013	$774,132	$-47,116
2023	$709,878	$299,106	$818,371	$410,772
2022	$235,405	$251,778	$420,553	$-16,373
2021	$254,057	$227,977	$415,311	$26,080
2020	$238,969	$202,477	$391,687	$36,492
2019	$190,902	$215,143	$359,516	$-24,241

Vessels of Mercy International Inc