GOSPEL MISSION AVIATION INC (EIN 472175438) - 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

David Knott

Phone

4234142752

Tax Period

2024-01-01 to 2024-12-31

GOSPEL MISSION AVIATION INC, founded in 2014, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $214K in total revenue in fiscal year 2024. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $63K, a strong 30% operating margin.

Mission

Remote Medical/Humanitarian focusing on reaching remote parts of the world with free medical services and medical evacuations through the use of aviation technology.

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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 $209,251

Program Service Revenue $0

Investment Income $5,106

Other Revenue $0

TOTAL REVENUE $214,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,199

Fundraising Expenses $5,405

Program Expenses $137,406

Other Expenses $125,708

TOTAL EXPENSES $150,907

Year-over-Year Comparison

	2024	2023	Change
Revenue	$214,357	$115,272	+0.9%
Expenses	$150,907	$149,980	+0.0%
Net Income	$63,450	$-34,708	-2.8%

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

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

$20,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David J Knott	President, Board Member and Program Manager	45.00	Officer	$20,600	$0	$20,600
Dosung Kim	Board Member	0.50	Director	$0	$0	$0
Steven Wilson	Board Member	3.00	Director	$0	$0	$0
Stephen Lingenfelter	Board Member	0.50	Director	$0	$0	$0
John Record	Board Member	1.00	Director	$0	$0	$0
Jonathan Miller	Board Member	0.50	Director	$0	$0	$0
Shari Byers	Board Member	5.00	Director	$0	$0	$0
Jodi Knott	Assistant Treasurer/ Communications Manager	5.00	Officer	$0	$0	$0
Mary Knott	Secretary and Board Member	1.00	Officer	$0	$0	$0
Barry Benton	Treasurer	2.00	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	$214,357	$150,907	$215,665	$63,450

GOSPEL MISSION AVIATION INC