GOSPEL LIGHT MINISTRIES INTERNATIONAL (EIN 521849893) - 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

1998

Legal Domicile

Principal Officer

JIKSA TEFERA

Phone

7035875099

Tax Period

2024-01-01 to 2024-12-31

GOSPEL LIGHT MINISTRIES INTERNATIONAL, founded in 1998, is a small nonprofit in the Religion sector that reported $337K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $302K left a modest 11% surplus.

Mission

GOSPEL LIGHT MINISTRIES WAS FOUNDED WITH THE MISSION OF SETTING UP LOCAL CHURCHES, TRAINING GOSPEL MINISTERS, PUBLISHING AND DISTRIBUTING GOSPEL LITERATURE, AND ACTIVELY ENGAGING IN CHARITABLE AND COMMUNITY OUTREACH INITIATIVES.

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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 $337,401

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $337,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,892

Fundraising Expenses $0

Program Expenses $250,278

Other Expenses $186,998

TOTAL EXPENSES $301,890

Year-over-Year Comparison

	2024	2023	Change
Revenue	$337,401	$233,052	+0.4%
Expenses	$301,890	$212,761	+0.4%
Net Income	$35,511	$20,291	+0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABREHAM BEDASSO	PASTOR	40.00	Officer	$0	$0	$0
DANIEL MAKONNEN	PRESIDENT	40.00	Officer	$0	$0	$0
JIKSA TEFERA	TREASURER	0.00	Officer	$0	$0	$0
MULAT HAILU	OFFICER	0.00	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	$337,401	$301,890	$93,152	$35,511
2023	$233,052	$212,761	$46,596	$20,291
2022	$171,833	$180,408	$24,963	$-8,575
2021	$189,000	$189,000	No data	No data
2020	$115,592	$114,140	No data	$1,452

GOSPEL LIGHT MINISTRIES INTERNATIONAL