GOSPEL OUTREACH MINISTRIES INC (EIN 463031232) - 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

2013

Legal Domicile

Principal Officer

PER HYLDGAARD

Tax Period

2023-01-01 to 2023-12-31

GOSPEL OUTREACH MINISTRIES INC, founded in 2013, is a small nonprofit in the Religion sector that reported $115K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $127K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROMOTE CHRISTIAN 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 $115,147

Program Service Revenue $0

Investment Income $17

Other Revenue $0

TOTAL REVENUE $115,164

Expense Breakdown

Grants Paid $105,000

Salaries & Benefits $7,154

Fundraising Expenses $0

Program Expenses $123,570

Other Expenses $15,277

TOTAL EXPENSES $127,431

Year-over-Year Comparison

	2023	2022	Change
Revenue	$115,164	$200,427	-0.4%
Expenses	$127,431	$186,549	-0.3%
Net Income	$-12,267	$13,878	-1.9%

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

N/A

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

$7,154

Total Directors

$7,154

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY MANES	SECRETARYTREASURER	15.00	Officer Director	$7,154	$0	$7,154
HUGO MARTINUSSEN	DIRECTOR	20.00	Director	$0	$0	$0
PER HYLDGAARD	PRESIDENT	40.00	Officer Director	$0	$0	$0
LISBETH HYLDGAARD	VICE PRESIDENT	15.00	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	$115,164	$127,431	$22,467	$-12,267
2022	$200,427	$186,549	$34,614	$13,878
2021	$76,344	$60,171	$22,576	$16,173
2020	$69,868	$71,651	$6,403	$-1,783
2019	$137,161	$151,065	$9,236	$-13,904
2018	$117,357	$105,994	$23,140	$11,363

GOSPEL OUTREACH MINISTRIES INC