GAP LAKE MINISTRIES INC

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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

2009

Legal Domicile

Principal Officer

J CLAYTON PARRISH

Phone

3343330317

Tax Period

2023-01-01 to 2023-12-31

GAP LAKE MINISTRIES INC, founded in 2009, is a micro nonprofit in the Religion sector that reported $48K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $57K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE ORGANIZATION WAS ORGANIZED EXCLUSIVELY FOR CHARITABLE, ELEEMOSYNARY, RELIGIOUS, EDUCATIONAL, LITERARY, AND SCIENTFIC PURPOSES, INCLUDING (BUT NOT LIMITED TO) PREACHING THE GOSPEL OF JESUS CHRIST TO EVERYONE VIA THE OPERATION OF A CHRISTIAN CAMP AND TO PROVIDE A CHRISTIAN FAMILY ENVIRONMENT FOR CHRISTIAN RETREATS.

Program Service Accomplishments

Program 1

Expenses: $50,158

THE FIRST DESIRE IS TO ENSURE EVERY CHILD UNDERSTANDS THE GOSPEL OF JESUS CHRIST. THIS PRESENTATION IS DONE VIA SPEAKERS AND SMALL GROUP BIBLE STUDIES. ONCE A CHILD HAS A RELATIONSHIP WITH JESUS...

THE FIRST DESIRE IS TO ENSURE EVERY CHILD UNDERSTANDS THE GOSPEL OF JESUS CHRIST. THIS PRESENTATION IS DONE VIA SPEAKERS AND SMALL GROUP BIBLE STUDIES. ONCE A CHILD HAS A RELATIONSHIP WITH JESUS CHRIST, THE SPEAKER AND COUNSELORS WILL TEACH THE CHILD HOW TO PRAY AND STUDY THE BIBLE. THIS WILL ASSIST EACH CHILD IN THE GROWTH OF HIS OR HER RELATIONSHIP WITH CHRIST. IN ADDITION, THE COUNSELOR WILL BEGIN TEACHING THE CHILD HOW TO BUILD CHARACTER INTO HIS OR HER LIFE. THE SECOND DESIRE IS FOR EACH COUNSELOR TO TEACH EACH CHILD THE BASICS OF A SPORT, SELECTED BY THAT CHILD. THE COUNSELOR WILL TEACH THE CHILD THE RULES OF THE GAME, THE FUNDAMENTALS OF HOW TO PLAY, AND HOW TO ADVANCE HIS OR HER ABILITIES.

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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 $47,868

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $47,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,158

Other Expenses $57,120

TOTAL EXPENSES $57,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,868	$88,266	-0.5%
Expenses	$57,120	$100,489	-0.4%
Net Income	$-9,252	$-12,223	-0.2%

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

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
J CLAYTON PARRISH	PRESIDENT /	N/A	Officer Director	$0	$0	$0
SAMUEL W ROBINSON	SECRETARY	N/A	Officer Director	$0	$0	$0
JOE TARWATER	TREASURER	N/A	Officer Director	$0	$0	$0
THOMAS O TOLLESON	VICE-PRESIDE	N/A	Officer 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	No data	No data	No data	No data
2023	$47,868	$57,120	$562,547	$-9,252
2022	$88,266	$100,489	$571,799	$-12,223
2021	$112,370	$98,206	$584,022	$14,164
2020	$94,395	$87,764	$569,858	$6,631
2019	$174,057	$48,237	$577,814	$125,820
2018	$181,612	$30,208	$457,824	$151,404