GOOD NEWS MINISTRY

EIN: 330677571 501(c)(3)

MISSION VIEJO, CA

Total Revenue
$160,466
Total Expenses
$159,844
Total Assets
$233,294
Net Assets
$233,294
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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
1994
Legal Domicile
CA
Principal Officer
COLLEEN PARSONS
Phone
9497095648
Tax Period
2019-01-01 to 2019-12-31

GOOD NEWS MINISTRY, founded in 1994, is a small nonprofit that reported $160K in total revenue in fiscal year 2019. Revenue fell 54% from the prior year — a significant decline worth monitoring.

Mission

VISIT FRAIL, INFIRMED & DYING IN HOMES AND HOSPITALS TO BRING ENCOURAGEMENT THROUGH MUSIC AND SHARING THE GOSPEL. ASLO ENCOURAGE AND TRAIN OTHER CHURCHES TO MINISTER TO THE NEEDS OF THE ELDERLY

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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 (2019)

Revenue Breakdown

Contributions & Grants $160,466
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $160,466

Expense Breakdown

Grants Paid $27,085
Salaries & Benefits $107,326
Fundraising Expenses $0
Program Expenses $159,844
Other Expenses $25,433
TOTAL EXPENSES $159,844

Year-over-Year Comparison

2019 2018 Change
Revenue $160,466 $346,154 -0.5%
Expenses $159,844 $256,119 -0.4%
Net Income $622 $90,035 -1.0%
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
4
Employees
1
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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL MATTINGLEY MEMBER N/A
Director
$0 $0 $0
COLLEEN PARSONS TREASURER N/A
Director
$0 $0 $0
COURTNEY PARSONS MEMBER N/A
Director
$0 $0 $0
NICHOLAS PARSONS MEMBER N/A
Director
$0 $0 $0
SAM PARSONS PRESIDENT N/A
Director
$0 $0 $0
GLEN TENOVE MEMBER N/A
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
2019 $160,466 $159,844 $233,294 $622
2018 $346,154 $256,119 $233,697 $90,035
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