UNION GOSPEL MISSION INC (EIN 410724066) - 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

1922

Legal Domicile

Principal Officer

KATIE HAGGLUND

Phone

2187221196

Tax Period

2024-10-01 to 2025-09-30

UNION GOSPEL MISSION INC, founded in 1922, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $368K, a strong 18% operating margin.

Mission

THE UNION GOSPEL MISSION DULUTH IS A WELCOMING CHRISTIAN NONPROFIT ORGANIZATION THAT SERVES AS A REFUGE AND IS COMMITTED TO NOURISHING PEOPLES PHYSICAL, SPIRITUAL, AND SOCIAL NEEDS. THROUGH OUR ON-SITE MEAL PROGRAM, COMMUNITY HOUSING COMPLEX AND SUPPORTIVE SERVICES, WE PROVIDE A SAFE, CARING ENVIRONMENT FOR BUILDING UP, WITH DIGNITY AND COMPASSION, HOPE FOR OUR NEIGHBORS IN NEED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,981,522

Program Service Revenue $50,130

Investment Income $47,241

Other Revenue $7,055

TOTAL REVENUE $2,085,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $451,774

Fundraising Expenses $64,270

Program Expenses $1,467,828

Other Expenses $1,266,286

TOTAL EXPENSES $1,718,060

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,085,948	$1,134,481	+0.8%
Expenses	$1,718,060	$1,192,084	+0.4%
Net Income	$367,888	$-57,603	-7.4%

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

795

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

$84,698

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN ALSETH	CHAIR	1.00	Officer Director	$0	$0	$0
PAULA LELAND GARNETT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANTHONY BYE	TREASURER	1.00	Officer Director	$0	$0	$0
LARRY PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK CHRISTOPHERSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVE DROZDOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HEDIN	DIRECTOR	1.00	Director	$0	$0	$0
KELLEY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE PROVEAUX	DIRECTOR	1.00	Director	$0	$0	$0
KATIE HAGGLUND	EXECUTIVE DI	40.00	Officer	$82,231	$2,467	$84,698

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
2025	$2,085,948	$1,718,060	$1,642,375	$367,888
2024	$1,134,481	$1,192,084	$1,272,862	$-57,603
2023	$1,135,093	$976,160	$1,275,343	$158,933
2022	$523,746	$498,138	$1,099,687	$25,608
2022	$524,409	$502,585	$1,220,818	$21,824
2021	$939,491	$532,705	$1,176,246	$406,786
2020	$1,229,486	$812,551	$816,797	$416,935
2020	$1,028,791	$614,324	$666,846	$414,467
2019	$708,308	$737,573	$202,561	$-29,265
2018	$652,652	$644,681	$229,462	$7,971

UNION GOSPEL MISSION INC