BLITS WORLDWIDE

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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

2008

Legal Domicile

Principal Officer

STEVEN GAINES

Phone

9195428329

Tax Period

2024-01-01 to 2024-12-31

BLITS WORLDWIDE, founded in 2008, is a small nonprofit in the Religion sector that reported $265K in total revenue in fiscal year 2024. Expenses of $292K exceeded revenue, resulting in a 10% operating deficit.

Mission

ENCOURGAGE AND SUPPORT MISSIONS AND GOSPEL OF JESUS CHRIST IN US AND ABROAD.

Program Service Accomplishments

Program 1

Expenses: $67,296

1. SENT 57 PEOPLE TO PERU WITH HELP OF 400+ VOLUNTEERS BUILT 38 NEW HOMES AND FED OVER 10,000. WHILE SHARING THE GOSPEL OF JESUS CHRIST. 2. SENT SHANTY HOUSES TO PERU. $31310. 3. GAVE FOOD TRAILER TO CHURCH ST. BAPTIST CHURCH $40,000. TO FEED HOMELESS IN GREENSBORO NC. IT CAN ALSO BE SENT TO HELP WITH DISASTER RELIEF WHERE NEEDED. 4. SERVED THOUSANDS OF MEALS AND CLOTHING FOR NC 5. NEW LIFE CHILDRENS HOME IN PERU GAVE 7,000+ PIECES OF CLOTHING. 6 DONATED CARGO TRAILER TO TYLER GAULDEN MINISTRIES TO SPREAD THE GOSPEL OF JESUS CHRIST AROUND THE WORKD, TV EXT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $264,570

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $264,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $7,534

Program Expenses $67,296

Other Expenses $291,935

TOTAL EXPENSES $291,935

Year-over-Year Comparison

	2024	2023	Change
Revenue	$264,570	N/A	N/A
Expenses	$291,935	N/A	N/A
Net Income	$-27,365	N/A	N/A

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

400

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
STEVEN W GAINES	DIRECTOR/PRESIDENT	10.00	Director	$0	$0	$0
STEPHEN SCULLEY	DIRECTOR	1.00	Director	$0	$0	$0
DANNY SHEAFFER	DIRECTOR	1.00	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
2024	$264,570	$291,935	$545	$-27,365