STAR GOSPEL MISSION

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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

1904

Legal Domicile

Principal Officer

ELLEN COLE

Phone

8437222473

Tax Period

2023-01-01 to 2023-12-31

STAR GOSPEL MISSION, founded in 1904, is a small nonprofit that reported $833K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Net assets of $3.0M represent 43 months of operating reserves.

Mission

OUR MISSION IS TO TRANSFORM LIVES THROUGH JESUS CHRIST BY COMPASSIONATELY PROVIDING RESOURCES FOR PEOPLE EXPERIENCING HARDSHIPS. EACH YEAR, DONORS AND VOLUNTEERS HELP US SERVE HUNDREDS OF MEN FACING HOMELESSNESS, AND SEVERAL HUNDRED LOWCOUNTRY FAMILIES NEEDING ASSISTANCE WITH UTILITIES, FOOD, AND OTHER URGENT HOUSEHOLD NEEDS.

Program Service Accomplishments

Program 1

Expenses: $406,785 Revenue: $149,854

THREE-PHASE TRANSITIONAL HOUSING PROGRAM: STAR GOSPEL MISSION'S THREE-PHASE PROGRAM OFFERS HOMELESS MEN A PATH TO REBUILD THEIR LIVES. THROUGH CHRIST-CENTERED GUIDANCE, RESIDENTS GAIN STABLE HOUSING, SUPPORTIVE SERVICES, AND THE TOOLS THEY NEED TO ACHIEVE SELF SUFFICIENCY, SOBRIETY, AND INDEPENDENCE. THIS PROGRAM EMBODIES OUR MISSION BY PROVIDING RESOURCES AND FOSTERING A FAITH-BASED ENVIRONMENT THAT EMPOWERS MEN TO TRANSFORM THEIR CIRCUMSTANCES

Program 2

Expenses: $40,678 Revenue: $14,985

SOCIAL SERVICES PROGRAM: RECOGNIZING THE CHALLENGES FACED BY FAMILIES IN NEED, STAR GOSPEL MISSION'S SOCIAL SERVICES PROGRAM EXTENDS A COMPASSIONATE HAND. WE OFFER EMERGENCY FINANCIAL ASSISTANCE FOR CRITICAL NEEDS LIKE UTILITIES, MEDICAL CARE, AND DENTAL SERVICES WITHIN CHARLESTON, BERKELEY, AND DORCHESTER COUNTIES. THIS PROGRAM EXEMPLIFIES OUR MISSION BY DIRECTLY ADDRESSING HARDSHIPS AND PROVIDING RESOURCES THAT HELP FAMILIES NAVIGATE DIFFICULT TIMES

Program 3

Expenses: $4,520 Revenue: $1,665

COMMUNITY RECOVERY PROGRAMS: STAR GOSPEL MISSION'S COMMITMENT TO TRANSFORMATION EXTENDS BEYOND OUR WALLS. WE OFFER FREE, WEEKLY CA AND AA MEETINGS OPEN TO THE PUBLIC. THESE PROGRAMS PROVIDE A...

COMMUNITY RECOVERY PROGRAMS: STAR GOSPEL MISSION'S COMMITMENT TO TRANSFORMATION EXTENDS BEYOND OUR WALLS. WE OFFER FREE, WEEKLY CA AND AA MEETINGS OPEN TO THE PUBLIC. THESE PROGRAMS PROVIDE A SUPPORTIVE COMMUNITY FOR INDIVIDUALS SEEKING RECOVERY FROM ADDICTION. THIS ALIGNS WITH OUR MISSION BY OFFERING RESOURCES THAT LEAD TO SELF-SUFFICIENCY, FOSTERING A SUPPORTIVE ENVIRONMENT WHERE INDIVIDUALS CAN HEAL AND FIND HOPE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $556,637

Program Service Revenue $166,504

Investment Income $109,161

Other Revenue $824

TOTAL REVENUE $833,126

Expense Breakdown

Grants Paid $11,900

Salaries & Benefits $320,667

Fundraising Expenses $328,083

Program Expenses $451,983

Other Expenses $523,184

TOTAL EXPENSES $855,751

Year-over-Year Comparison

	2023	2022	Change
Revenue	$833,126	$593,925	+0.4%
Expenses	$855,751	$571,404	+0.5%
Net Income	$-22,625	$22,521	-2.0%

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

$79,511

Total Directors