SUNSHINE GOSPEL 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

1944

Legal Domicile

Principal Officer

KIMBERLY SALLEY

Phone

7739049800

Tax Period

2023-01-01 to 2023-12-31

SUNSHINE GOSPEL MINISTRIES, founded in 1944, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $2.1M left a modest 4% surplus.

Mission

SUNSHINE GOSPEL MINISTRIES EXISTS TO SEEK RENEWAL IN THE CITY THROUGH MINISTRIES OF DISCIPLESHIP, MERCY AND JUSTICE. THE ORGANIZATION ACCOMPLISHES ITS MISSION THROUGH BUILDING RELATIONSHIPS, TEACHING, MENTORING, DEVELOPING LIFE SKILLS, CARE AND ADVOCACY IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $873,509

YOUTH OUTREACH: YOUTH OUTREACH PROGRAMS SERVE ELEMENTARY, MIDDLE, AND HIGH SCHOOL AGES. EACH PROGRAM PROVIDES STUDENTS WITH A STRUCTURED AFTER-SCHOOL ENVIRONMENT THAT PROMOTES POSITIVE VALUES AND...

YOUTH OUTREACH: YOUTH OUTREACH PROGRAMS SERVE ELEMENTARY, MIDDLE, AND HIGH SCHOOL AGES. EACH PROGRAM PROVIDES STUDENTS WITH A STRUCTURED AFTER-SCHOOL ENVIRONMENT THAT PROMOTES POSITIVE VALUES AND FOSTERS A COMMITMENT TO LEARNING. YOUTH PARTICIPATE IN VARIOUS ACADEMIC, CREATIVE, AND RECREATIONAL ACTIVITIES, RECEIVE TUTORING, AND LEARN HOW TO FORM A STRONG, POSITIVE IDENTITY.

Program 2

Expenses: $155,859 Revenue: $73,811

BRIDGE BUILDERS: BRIDGE BUILDERS HELPS TO CONNECT PEOPLE FROM DIFFERENT BACKGROUNDS TO PROMOTE A SHARED UNDERSTANDING OF THE CHALLENGES FACING INNER-CITY COMMUNITIES. THOSE FROM AN OUTSIDE CONTEXT...

BRIDGE BUILDERS: BRIDGE BUILDERS HELPS TO CONNECT PEOPLE FROM DIFFERENT BACKGROUNDS TO PROMOTE A SHARED UNDERSTANDING OF THE CHALLENGES FACING INNER-CITY COMMUNITIES. THOSE FROM AN OUTSIDE CONTEXT TYPICALLY HEAR AND SEE MOSTLY NEGATIVE PORTRAYALS OF THE INNER CITY, OFTEN CONTRIBUTING TO UNHELPFUL LABELING AND MISGUIDED INTERACTIONS. WE BELIEVE THE GIFTEDNESS OF THE COMMUNITY IS MORE CLEARLY SEEN THROUGH FOSTERING HEALTHY, MEANINGFUL EXPERIENCES THAT COMBINE LEARNING WITH ACTIVE ENGAGEMENT.

Program 3

Expenses: $238,286

FLOURISHING COMMUNITY INITIATIVE: THE FLOURISHING COMMUNITY INITIATIVE IS DESIGNED TO REDUCE THE LEVEL OF VIOLENCE IN THE CHICAGO POLICE DEPARTMENT THIRD DISTRICT BY WORKING HANDS-ON WITH NEIGHBORS, LAW ENFORCEMENT, YOUTH, AND FAMILIES OF VICTIMS OF VIOLENCE. THE WORK WILL MAKE EXTENSIVE USE OF DATA TO TRACK CONDITIONS, ACTIVITIES, AND OUTCOMES. THIS DATE WILL BE USED TO MEASURE IMPACT AS WELL AS TO COMMUNICATE WITH ALL PARTNERS, ADVISORS, CITY AND COMMUNITY RESIDENTS.

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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 $1,839,095

Program Service Revenue $73,811

Investment Income $36,909

Other Revenue $222,603

TOTAL REVENUE $2,172,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,120,200

Fundraising Expenses $241,760

Program Expenses $1,546,926

Other Expenses $964,684

TOTAL EXPENSES $2,084,884

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,172,418	$1,656,379	+0.3%
Expenses	$2,084,884	$1,934,096	+0.1%
Net Income	$87,534	$-277,717	-1.3%

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

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

$97,352

Total Directors