GOOD WORKS MINISTRIES

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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

1991

Legal Domicile

Principal Officer

LARRY L GIPE

Phone

7245640159

Tax Period

2024-07-01 to 2025-06-30

GOOD WORKS MINISTRIES, founded in 1991, is a community nonprofit in the Religion sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $365K, a strong 28% operating margin.

Mission

PROVIDING A FAITH BASED RECOVERY SYSTEM FOR ADDICTS.

Program Service Accomplishments

Program 1

Expenses: $749,278 Revenue: $1,267,340

FAITH BASED RECOVERY SYSTEM FOR ADDICTS. DURING THE YEAR THE ORGANIZATION PROVIDED DAILY MEALS AND CELEBRATIONS FOR 71 WOMEN. IN ADDITION, THE ORGANIZATION PROVIDES WEEKLY 12-STEP MEETINGS, WHICH, ON...

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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 $21,403

Program Service Revenue $1,257,648

Investment Income $0

Other Revenue $9,692

TOTAL REVENUE $1,288,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $621,726

Fundraising Expenses $0

Program Expenses $749,278

Other Expenses $301,605

TOTAL EXPENSES $923,331

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,288,743	$1,192,438	+0.1%
Expenses	$923,331	$979,944	-0.1%
Net Income	$365,412	$212,494	+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

N/A

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

$102,341

Total Directors

$193,409

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY GIPE	PRESIDENT/CEO	40.00	Officer Director	$54,232	$0	$54,232
JOHN BROADWATER	TREASURER	5.00	Officer Director	$0	$0	$0
ANGELA WINGROVE	SECRETARY	20.00	Officer Director	$48,109	$0	$48,109
CHRISTINE GIPE	MEMBER	40.00	Director	$91,068	$0	$91,068
EDWARD NICHOLSON	BOARD MEMBER	2.00	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	$1,288,743	$923,331	$1,345,318	$365,412
2024	$1,192,438	$979,944	$1,104,569	$212,494
2023	$1,051,589	$832,676	$1,054,043	$218,913
2022	$803,912	$557,288	$608,571	$246,624
2021	$454,474	$440,777	$296,451	$13,697
2020	$607,151	$556,145	$280,428	$51,006
2018	$588,068	$619,480	$263,044	$-31,412