CHOSEN TABERNACLE FULL GOSPEL AND BAPTIST CHURCH

EIN: 364272538 501(c)(3) Religion

CHICAGO, IL

Total Revenue
$251,485
Total Expenses
$227,146
Total Assets
$82,648
Net Assets
$82,648
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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
1998
Legal Domicile
IL
Principal Officer
WALTER GILLESPIE
Tax Period
2021-01-01 to 2021-12-31

CHOSEN TABERNACLE FULL GOSPEL AND BAPTIST CHURCH, founded in 1998, is a small nonprofit in the Religion sector that reported $251K in total revenue in fiscal year 2021. Revenue surged 82% from the prior year, signaling strong growth momentum. Expenses of $227K left a modest 10% surplus.

Mission

FULL SERVICE HOUSE OF WORSHIP, PRAISE AND MINISTRY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $251,485
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $251,485

Expense Breakdown

Grants Paid $0
Salaries & Benefits $44,191
Fundraising Expenses $0
Program Expenses $227,146
Other Expenses $182,955
TOTAL EXPENSES $227,146

Year-over-Year Comparison

2021 2020 Change
Revenue $251,485 $138,482 +0.8%
Expenses $227,146 $134,107 +0.7%
Net Income $24,339 $4,375 +4.6%
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
8
Independent Members
N/A
Employees
3
Volunteers
15

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
2
$34,500
Total Directors
0
$0
Key Employees
2
$34,500
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WALTER L GILLESPIE PASTOR 025.00
Officer Key Emp Highest
$29,000 $0 $29,000
SANDRA GILLESPIE PASTOR 025.00
Officer Key Emp
$5,500 $0 $5,500
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
2021 $251,485 $227,146 $82,648 $24,339
2020 $138,482 $134,107 $58,309 $4,375
2019 $166,354 $160,132 $53,934 $6,222
2018 $159,701 $160,993 $51,446 $-1,292
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