GOSPEL PROJECTS (EIN 471679070) - 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

BRANDON MILLS

Phone

2022134078

Tax Period

2022-01-01 to 2022-12-31

GOSPEL PROJECTS, founded in 2014, is a community nonprofit in the Religion sector that reported $2.6M in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $6.2M exceeded revenue, resulting in a 139% operating deficit.

Mission

THE MISSION OF GOSPEL PROJECTS IS TO PROMOTE AND TEACH THE GOSPEL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $677,152

Program Service Revenue $1,706,688

Investment Income $-747

Other Revenue $207,532

TOTAL REVENUE $2,590,625

Expense Breakdown

Grants Paid $4,021,782

Salaries & Benefits $294,498

Fundraising Expenses $0

Program Expenses $5,466,439

Other Expenses $1,872,164

TOTAL EXPENSES $6,188,444

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,590,625	$3,331,583	-0.2%
Expenses	$6,188,444	$1,771,372	+2.5%
Net Income	$-3,597,819	$1,560,211	-3.3%

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

425

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

$226,650

Total Directors

$105,348

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK KINNEY	TREASURER & SECRETARY	40.00	Officer Director	$76,522	$3,826	$80,348
MARK DEVER	BOARD MEMBER (UNTIL 10/2022)	7.00	Director	$25,000	$0	$25,000
JAIME DUNLOP	BOARD MEMBER (UNTIL 10/2022)	1.00	Director	$0	$0	$0
MATTHEW FREEMAN	BOARD MEMBER (UNTIL 10/2022)	1.00	Director	$0	$0	$0
DAVID VERHEY	SECRETARY (UNTIL 10/2022)	1.00	Officer Director	$0	$0	$0
BRANDON MILLS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEANNETTE MILLS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PRESTON FISCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANK MATTHEW SCHMUCKER	EXECUTIVE DIRECTOR (UNTIL 10/2022)	40.00	Officer	$107,216	$39,086	$146,302

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
2022	$2,590,625	$6,188,444	$5,877	$-3,597,819
2021	$3,331,583	$1,771,372	$3,657,924	$1,560,211
2020	$1,381,632	$2,187,926	$2,097,713	$-806,294
2019	$2,102,954	$1,412,106	$2,902,893	$690,848
2018	$2,331,962	$2,214,377	$2,209,552	$117,585

GOSPEL PROJECTS