GOSPEL MUSIC HYMN SING FOUNDATION (EIN 473156752) - 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

2015

Legal Domicile

Principal Officer

GERALD WOLFE

Phone

4232313075

Tax Period

2024-02-01 to 2025-01-31

GOSPEL MUSIC HYMN SING FOUNDATION, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $409K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $493K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO EDUCATE THE PUBLIC ABOUT THE IMPORTANCE AND VALUE OF CONGREGATIONAL HYMN SINGING.

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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 $226,664

Program Service Revenue $182,530

Investment Income $0

Other Revenue $0

TOTAL REVENUE $409,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $492,977

Other Expenses $492,977

TOTAL EXPENSES $492,977

Year-over-Year Comparison

	2024	2023	Change
Revenue	$409,194	$452,005	-0.1%
Expenses	$492,977	$442,592	+0.1%
Net Income	$-83,783	$9,413	-9.9%

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

N/A

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
JIM BRADY	DIRECTOR	N/A	Director	$0	$0	$0
RODNEY GRIFFIN	DIRECTOR	N/A	Director	$0	$0	$0
MARK TRAMMELL	DIRECTOR	N/A	Director	$0	$0	$0
GERALD WOLFE	DIRECTOR	N/A	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
2025	$409,194	$492,977	$172,292	$-83,783
2024	$452,005	$442,592	$256,075	$9,413
2023	$344,911	$311,661	$246,662	$33,250
2022	$209,787	$187,998	$213,412	$21,789
2021	$254,191	$211,368	$191,623	$42,823
2020	$314,507	$286,768	$148,800	$27,739
2019	$316,584	$196,558	$121,061	$120,026

GOSPEL MUSIC HYMN SING FOUNDATION