GLAD WORLD INC

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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

2010

Legal Domicile

Principal Officer

JOEL P HILL

Phone

7576194608

Tax Period

2024-01-01 to 2024-12-31

GLAD WORLD INC, founded in 2010, is a small nonprofit in the Religion sector that reported $323K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $298K left a modest 8% surplus.

Mission

MISSIONARY WORK

Program Service Accomplishments

Program 1

Expenses: $45,423

GLAD WORLD CONTINUES TO TRAIN CHRISTIAN LEADERS AND BELIEVERS THROUGHOUT THAILAND, PROVIDING BIBLE TEACHING, PERSONAL MENTORSHIP AND EVANGELISM TRAINING. GLAD WORLD ALSO RUNS AND MAINTAINS A MINISTRY...

Program 2

Expenses: $25,517

GLAD WORLD CONTINUES TO PROVIDE HUMANITARIAN AID FOR FAMILIES THAT HAVE BEEN DISPLACED BY THE CIVIL WAR IN MYANMAR. WE PROVIDED FOOD, MEDICINE, SURVIVAL SUPPLIES,SUPPORT FOR EDUCATION, AS WELL AS...

GLAD WORLD CONTINUES TO PROVIDE HUMANITARIAN AID FOR FAMILIES THAT HAVE BEEN DISPLACED BY THE CIVIL WAR IN MYANMAR. WE PROVIDED FOOD, MEDICINE, SURVIVAL SUPPLIES,SUPPORT FOR EDUCATION, AS WELL AS TRAINING FOR MENTAL AND SPIRITUAL HEALTH IN MULTIPLE VILLAGES AFFECTED BY THE CONFLICT.

Program 3

Expenses: $206,453

GLAD WORLD BEGAN WORK IN PAKISTAN, TRAINING THE LOCAL CHURCH IN EVANGELISM, AS WELL AS PROVIDING FOOD FOR HUNDREDS OF FAMILIES CAUGHT IN SLAVERY AND TEMPORARY SHELTERS FOE A VILLAGE THAT WAS BURNED...

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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 $323,007

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $323,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,286

Fundraising Expenses $9,132

Program Expenses $277,393

Other Expenses $194,448

TOTAL EXPENSES $297,734

Year-over-Year Comparison

	2024	2023	Change
Revenue	$323,007	$229,303	+0.4%
Expenses	$297,734	$224,097	+0.3%
Net Income	$25,273	$5,206	+3.9%

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

Volunteers

N/A

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
JOEL P HILL	PRESIDENT	N/A	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	$323,007	$297,734	$49,402	$25,273
2023	$229,303	$224,097	$24,129	$5,206