GOSPEL OUTREACH MINISTRIES INC

EIN: 463031232 501(c)(3) Religion

TULSA, OK

Total Revenue
$115,164
Total Expenses
$127,431
Total Assets
$22,467
Net Assets
$22,467
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
OK
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

Program Service Accomplishments

Program 1
Expenses: $105,000

DONATIONS TO A FOREIGN EXEMPT ORGANIZATION TO COVER THE COSTS OF EVANGELISTIC CRUSADE EXPENSES CONDUCTED OVERSEAS WITH THOUSANDS IN ATTENDANCE.

Program 2
Expenses: $18,570

DURING 2023 THIS ORGANIZATION CONDUCTED MEETINGS AND SEMINARS & PROVIDED MATERIALS TO PROMOTE CHRISTIAN CHURCH PLANTING. IN ADDITION WE HELD SEVERAL MEETINGS IN THE USA IN CHURCHES. ALSO, WE TRAINED...

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DURING 2023 THIS ORGANIZATION CONDUCTED MEETINGS AND SEMINARS & PROVIDED MATERIALS TO PROMOTE CHRISTIAN CHURCH PLANTING. IN ADDITION WE HELD SEVERAL MEETINGS IN THE USA IN CHURCHES. ALSO, WE TRAINED PASTORS AND LEADERS AND PROVIDED EDUCATIONAL MATERIALS TO THEM.

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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 (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

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Governance

Voting Members
4
Independent Members
2
Employees
N/A
Volunteers
2

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
3
$7,154
Total Directors
4
$7,154
Key Employees
0
$0
Highest Compensated
0
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
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