SUNSHINE GOSPEL MINISTRIES (EIN 362317631) - Form 990 Financial Analysis & Trantor Score

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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

TO SEEK RENEWAL IN THE CITY THROUGH MINISTRIES OF DISCIPLESHIP, MERCY AND JUSTICE.

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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

$97,352

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM LODEWYK	VICE CHAIR	5.00	Officer Director	$0	$0	$0
KIMBERLY SALLEY	TRUSTEE, EXEC DIRECTOR	40.00	Officer Director	$92,552	$4,800	$97,352
TIFFANY ALLEN	TREASURER	1.00	Officer Director	$0	$0	$0
LAUREN WHITE	TRUSTEE	1.00	Director	$0	$0	$0
PETER KISLUK	TRUSTEE	1.00	Director	$0	$0	$0
CATHY MCNEIL STEIN	TRUSTEE	1.00	Director	$0	$0	$0
WENDALL DAVIS	SECRETARY	5.00	Officer Director	$0	$0	$0
RICHARD WILSON	CHAIR	5.00	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	$2,172,418	$2,084,884	$3,744,877	$87,534
2022	$1,656,379	$1,934,096	$3,709,907	$-277,717
2021	$2,049,335	$1,716,862	$4,033,432	$332,473
2020	$1,718,193	$1,498,519	$3,885,146	$219,674
2019	$1,557,257	$1,355,678	$3,591,966	$201,579
2018	$1,548,294	$1,556,180	$4,119,695	$-7,886
2018	$1,393,888	$1,397,196	$4,108,274	$-3,308

SUNSHINE GOSPEL MINISTRIES