GILEAD HEALING MINISTRIES

EIN: 200603137 501(c)(3) Health Care

LANSING, MI

Total Revenue
$616,160
Total Expenses
$591,325
Total Assets
$70,731
Net Assets
$1,349
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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
2004
Legal Domicile
MI
Principal Officer
JEAN-GUY DAIGNEAULT
Phone
5177128167
Tax Period
2024-01-01 to 2024-12-31

GILEAD HEALING MINISTRIES, founded in 2004, is a small nonprofit in the Health Care sector that reported $616K in total revenue in fiscal year 2024. Expenses of $591K left a modest 4% surplus.

Mission

MINISTRY - HEALING SPIRIT, MIND, AND BODY

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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 $164,401
Program Service Revenue $324,121
Investment Income $0
Other Revenue $127,638
TOTAL REVENUE $616,160

Expense Breakdown

Grants Paid $0
Salaries & Benefits $212,317
Fundraising Expenses $0
Program Expenses $444,415
Other Expenses $379,008
TOTAL EXPENSES $591,325

Year-over-Year Comparison

2024 2023 Change
Revenue $616,160 $606,017 +0.0%
Expenses $591,325 $570,537 +0.0%
Net Income $24,835 $35,480 -0.3%
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
9
Volunteers
2

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
$51,923
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEAN-GUY DAIGNEAULT EXECUTIVE DI 45.00
Officer
$51,923 $0 $51,923
JUDITH O'LEARY DIRECTOR 4.00
Director
$0 $0 $0
KEVIN BERRY CHAIRMAN 6.00
Officer
$0 $0 $0
JOHN O'LEARY SECRETARY/TR 4.00
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 $616,160 $591,325 $70,731 $24,835
2023 $606,017 $570,537 $47,426 $35,480
2022 $582,863 $640,223 $60,591 $-57,360
2021 $604,967 $561,438 $117,867 $43,529
2020 $434,312 $438,237 $42,310 $-3,925
2019 $451,296 $505,642 $23,099 $-54,346
2018 $402,845 $443,042 $62,501 $-40,197
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