Gospel Music Workshop of America (EIN 382092978) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

Gospel Music Workshop of America, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $523K in total revenue in fiscal year 2024.

Mission

To structure a society for the preservation of spiritual and gospel music,including its religious orgin, history and with a view of exploring itscomtemporary appeal and future placement in the archives of American MusicHistory and Folklore.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $523,364

Investment Income $0

Other Revenue $0

TOTAL REVENUE $523,364

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $498,655

Other Expenses $508,912

TOTAL EXPENSES $508,912

Year-over-Year Comparison

	2024	2023	Change
Revenue	$523,364	$549,727	0.0%
Expenses	$508,912	$549,125	-0.1%
Net Income	$14,452	$602	+23.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Shirley MK Berkeley	Director	Director	$0	$0	$0
Dr Kevin Bond	Treasurer	Director	$0	$0	$0
Wayne Carter	Director	Director	$0	$0	$0
Marsha DuPont	Director	Director	$0	$0	$0
James Ford	Director	Director	$0	$0	$0
Jejuan Ford	Director	Director	$0	$0	$0
Eloice Ford Gaffney	Director	Director	$0	$0	$0
Merdean Gales	Director	Director	$0	$0	$0
Craig Hayes	Director	Director	$0	$0	$0
Dr Joan Hillsman	Director	Director	$0	$0	$0
Ron Jones	Director	Director	$0	$0	$0
Ron Magnus	Director	Director	$0	$0	$0
Brian Moore	Director	Director	$0	$0	$0
Willie Phillips	Director	Director	$0	$0	$0
Dr Charles Reese	Director	Director	$0	$0	$0
Dr Steven Roberts	Director	Director	$0	$0	$0
Timothy Thompson	Director	Director	$0	$0	$0
Albert Jamison	Chairman	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	$523,364	$508,912	$15,816	$14,452
2023	$549,727	$549,125	$1,364	$602
2022	$375,039	$374,298	$767	$741
2021	$135,248	$137,956	$26	$-2,708
2020	$130,655	$126,443	$2,734	$4,212
2019	$624,512	$632,177	$38,573	$-7,665

Gospel Music Workshop of America