NEW YORK GOSPEL MINISTRIES INC (EIN 364394298) - 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

2000

Legal Domicile

Principal Officer

William R Jones

Phone

6463693795

Tax Period

2023-01-01 to 2023-12-31

NEW YORK GOSPEL MINISTRIES INC, founded in 2000, is a small nonprofit in the Religion sector that reported $148K in total revenue in fiscal year 2023. Expenses of $138K left a modest 7% surplus.

Mission

RELIGIOUS EVANGELISM, INSTRUCTION, AND CHURCH PLANTING

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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 $148,219

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $148,219

Expense Breakdown

Grants Paid $48,000

Salaries & Benefits $21,483

Fundraising Expenses $1,074

Program Expenses $134,703

Other Expenses $68,442

TOTAL EXPENSES $137,925

Year-over-Year Comparison

	2023	2022	Change
Revenue	$148,219	$144,524	+0.0%
Expenses	$137,925	$125,123	+0.1%
Net Income	$10,294	$19,401	-0.5%

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

250

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

$21,483

Total Directors

$21,483

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William R Jones	Pres / Exec Dir	15.00	Officer Director	$17,000	$4,483	$21,483
Rick Cross	Chairman	0.00	Officer Director	$0	$0	$0
Steven Lee	Secretary	0.00	Officer Director	$0	$0	$0
Mark Mincy	Treasurer	0.00	Officer Director	$0	$0	$0
David Martindale	Director	0.00	Director	$0	$0	$0
Johnny Serafini	Director	0.00	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	$148,219	$137,925	$71,918	$10,294
2022	$144,524	$125,123	$62,144	$19,401
2021	$67,305	$88,787	$42,544	$-21,482
2020	$82,518	$86,027	$64,025	$-3,509
2019	$79,099	$125,657	$67,534	$-46,558
2018	$119,774	$128,276	$114,091	$-8,502

NEW YORK GOSPEL MINISTRIES INC