WORLDWIDE EVANGELICAL GOSPEL OUTREACH INC (EIN 593249201) - 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

1994

Legal Domicile

Principal Officer

JAMES BUCHANAN

Phone

3215071994

Tax Period

2023-01-01 to 2023-12-31

WORLDWIDE EVANGELICAL GOSPEL OUTREACH INC, founded in 1994, is a small nonprofit in the Religion sector that reported $221K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $313K exceeded revenue, resulting in a 42% operating deficit.

Mission

SPREAD THE GOSPEL OF JESUS CHRIST, WORLDWIDE, BY ENGAGING IN ACTIVITIES, PROVIDING RESOURCES AND/OR RELIEF TO THOSE SUFFERING PHYSICAL, MENTAL AND SPIRITUAL HARDSHIPS.

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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 $221,156

Program Service Revenue $0

Investment Income $0

Other Revenue $25

TOTAL REVENUE $221,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,567

Fundraising Expenses $0

Program Expenses $282,016

Other Expenses $226,918

TOTAL EXPENSES $313,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,181	$280,452	-0.2%
Expenses	$313,485	$324,295	0.0%
Net Income	$-92,304	$-43,843	+1.1%

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
JAMES BUCHANAN	BOARD CHAIRM	2.00	Officer	$0	$0	$0
GLENN DEJONG	BOARD SECRET	2.00	Officer	$0	$0	$0
SARAH MIELKE	BOARD TREASU	2.00	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	No data	No data	No data	No data
2023	$221,181	$313,485	$640,782	$-92,304
2022	$280,452	$324,295	$733,086	$-43,843
2021	$280,782	$285,368	$776,942	$-4,586
2020	$277,878	$290,270	$761,932	$-12,392
2019	$256,660	$356,427	$754,713	$-99,767
2018	$159,201	$342,694	$854,480	$-183,493

WORLDWIDE EVANGELICAL GOSPEL OUTREACH INC