GOSPEL SYSTEMS (EIN 465148796) - 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

2014

Legal Domicile

Principal Officer

Charles Towne

Phone

9314511414

Tax Period

2023-01-01 to 2023-12-31

GOSPEL SYSTEMS, founded in 2014, is a small nonprofit in the International Affairs sector that reported $233K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $286K exceeded revenue, resulting in a 23% operating deficit.

Mission

Church planting and care for the poor and vulnerable

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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 $232,753

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $232,753

Expense Breakdown

Grants Paid $272,338

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $286,296

Other Expenses $13,958

TOTAL EXPENSES $286,296

Year-over-Year Comparison

	2023	2022	Change
Revenue	$232,753	$516,182	-0.5%
Expenses	$286,296	$437,141	-0.3%
Net Income	$-53,543	$79,041	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael White	Board Member	2	Director	$0	$0	$0
Johnny Grimes	Board Member	0.5	Director	$0	$0	$0
Brandon Boggon	Board Member	0.5	Director	$0	$0	$0
Timothy Brister	President	2	Officer	$0	$0	$0
Charles Towne	Executive Director	8	Officer	$0	$0	$0
Norman Hare	Secretary	0.5	Officer	$0	$0	$0
Robert Vickery	Treasurer	1	Officer	$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	$232,753	$286,296	$79,940	$-53,543
2022	$516,182	$437,141	$133,483	$79,041
2021	$247,588	$273,585	$54,442	$-25,997
2020	$251,214	$236,815	$80,439	$14,399
2019	$318,860	$279,394	$66,040	$39,466
2018	$256,119	$244,082	$26,574	$12,037

GOSPEL SYSTEMS