THE GATHERING PLACE INC (EIN 582312223) - 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

1981

Legal Domicile

Principal Officer

Jimmy Gunderson

Phone

9122643474

Tax Period

2023-01-01 to 2023-12-31

THE GATHERING PLACE INC, founded in 1981, is a community nonprofit in the Religion sector that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $639K, a strong 26% operating margin.

Mission

COMMUNITY-BASED CHRISTIAN MINISTRY THAT SERVES THE YOUTH OF THE SOUTHEAST WITH A MISSION TO REACH STUDENTS WITH THE GOSPEL, TO EQUIP STUDENTS TO BE CHRISTIAN LEADERS,

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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 $1,638,483

Program Service Revenue $0

Investment Income $-152,937

Other Revenue $943,442

TOTAL REVENUE $2,428,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $989,903

Fundraising Expenses $135,024

Program Expenses $1,239,244

Other Expenses $799,652

TOTAL EXPENSES $1,789,555

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,428,988	$2,202,111	+0.1%
Expenses	$1,789,555	$1,734,219	+0.0%
Net Income	$639,433	$467,892	+0.4%

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

300

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

$187,221

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lucas Ramirez	Former Pres/CEO	45.00	Key Emp	$90,981	$0	$90,981
James Gunderson	Pres/CEO	45.00	Key Emp Highest	$96,240	$0	$96,240
Dr Bob Miles Jr	Chairman	3.00	Director	$0	$0	$0
Grady Gardner	Director	1.00	Director	$0	$0	$0
Jim Barger Jr	Chair	3.00	Director	$0	$0	$0
Brad Stroud	Vice Chair	2.00	Director	$0	$0	$0
Melvin Hugans	Chair	3.00	Director	$0	$0	$0
Todd Mobley	Vice Chair	3.00	Director	$0	$0	$0
Rich Seban	Director	1.00	Director	$0	$0	$0
Heard Galis	Director	1.00	Director	$0	$0	$0
Hon Lisa Godbey-Wood	Director	1.00	Director	$0	$0	$0
John Flood	Director	1.00	Director	$0	$0	$0
Lee Hopkins	Director	1.00	Director	$0	$0	$0
Dr Damon Brantley	Director	1.00	Director	$0	$0	$0
Joe Fendig	Director	1.00	Director	$0	$0	$0
Jim Walker	Director	1.00	Director	$0	$0	$0
Dr Oatanisha Dawson	Director	1.00	Director	$0	$0	$0
Shannon Balfour	Director	1.00	Director	$0	$0	$0
Ben Tillman	Director	1.00	Director	$0	$0	$0
Morris Arrington	Director	1.00	Director	$0	$0	$0
Dr Brandi Warren	Director	1.00	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
2024	No data	No data	No data	No data
2023	$2,428,988	$1,789,555	$5,226,028	$639,433
2023	$2,428,988	$1,789,555	$5,226,028	$639,433
2022	$2,202,111	$1,734,219	$4,974,151	$467,892
2021	$2,598,563	$957,104	$3,552,096	$1,641,459
2020	$1,523,478	$1,156,972	$1,760,146	$366,506
2020	$1,657,280	$1,156,972	$1,893,948	$500,308
2019	$1,141,936	$1,038,437	$1,430,069	$103,499
2018	$1,025,432	$823,985	$1,223,253	$201,447

THE GATHERING PLACE INC