GBA Ships Florence Inc (EIN 030577695) - 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

2006

Legal Domicile

Phone

8436791862

Tax Period

2023-01-01 to 2023-12-31

GBA Ships Florence Inc, founded in 2006, is a community nonprofit in the Religion sector that reported $4.3M in total revenue in fiscal year 2023.

Mission

Supporting the work of the ships Logos Hope and Doulos Hope by supplying literature, raising funds and providing administrative support for them.

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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 $1,273,576

Program Service Revenue $0

Investment Income $43,919

Other Revenue $2,968,837

TOTAL REVENUE $4,286,332

Expense Breakdown

Grants Paid $697,601

Salaries & Benefits $1,643,771

Fundraising Expenses $437,476

Program Expenses $3,360,822

Other Expenses $2,282,672

TOTAL EXPENSES $4,701,551

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,286,332	$4,408,095	0.0%
Expenses	$4,701,551	$5,978,414	-0.2%
Net Income	$-415,219	$-1,570,319	-0.7%

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

1105

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

$211,535

Total Directors

$211,535

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Vice President	40.0	Officer Director	$54,929	$32,041	$86,970
N/A	Managing Director	40.0	Officer Director	$62,384	$5,640	$68,024
N/A	Chairman of the Directors	5.0	Officer Director	$0	$0	$0
N/A	CFO/Treasurer	40.0	Officer Director	$52,666	$3,875	$56,541
N/A	Individual Director	1.0	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
2023	$4,286,332	$4,701,551	$3,543,344	$-415,219
2022	$4,408,095	$5,978,414	$3,673,428	$-1,570,319
2021	$4,417,791	$4,501,984	$5,255,804	$-84,193
2020	$4,068,358	$3,662,734	$5,379,711	$405,624
2019	$3,239,752	$3,424,429	$5,014,828	$-184,677
2018	$3,281,351	$2,909,768	$5,181,225	$371,583

GBA Ships Florence Inc