BLITS WORLDWIDE

EIN: 237371271 501(c)(3) Religion

GOLDSTON, NC

Total Revenue
$264,570
Total Expenses
$291,935
Total Assets
$545
Net Assets
$545
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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
NC
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

ENCOURAGE AND SUPPORT MISSIONS AND SPREAD THE GOSPEL OF JESUS CHRIST IN THE US AND ABROAD

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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 $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

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Governance

Voting Members
3
Independent Members
3
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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