THE GATHERING PLACE MISSION INC (EIN 611475009) - 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

2005

Legal Domicile

Principal Officer

WESTON WORTHINGTON

Phone

5025704711

Tax Period

2024-01-01 to 2024-12-31

THE GATHERING PLACE MISSION INC, founded in 2005, is a small nonprofit in the Religion sector that reported $587K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $218K, a strong 37% operating margin.

Mission

OFFER FOOD, PERSONAL NEEDS, EMERGENCY SHELTER AND CASE MANAGEMENT. ENABLE A PERSON TO MOVE FROM SHELTER TO BEING SELF SUFFICIENT.

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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 $530,501

Program Service Revenue $21,024

Investment Income $1,661

Other Revenue $33,815

TOTAL REVENUE $587,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,994

Fundraising Expenses $0

Program Expenses $196,917

Other Expenses $198,948

TOTAL EXPENSES $368,942

Year-over-Year Comparison

	2024	2023	Change
Revenue	$587,001	$387,668	+0.5%
Expenses	$368,942	$329,596	+0.1%
Net Income	$218,059	$58,072	+2.8%

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

450

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

$106,000

Total Directors

$50,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOBBY RUMER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KIMBAL FORD	PRESIDENT	4.00	Officer Director	$0	$0	$0
NATHAN SCHWARTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRY MYERS	BOARD MEMBER	2.00	Director	$0	$0	$0
WESTON WORTHINGTON	TREASURER	12.50	Officer Director	$50,000	$0	$50,000
LENA RAMSEY	SECRETARY	2.00	Officer Director	$0	$0	$0
CHARLES PARRISH	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY PHILLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER JOHNSON	EXECUTIVE DIRECTOR	40.00	Officer	$56,000	$0	$56,000

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	No data	No data	No data	No data
2024	$587,001	$368,942	$1,171,037	$218,059
2023	$387,668	$329,596	$971,835	$58,072
2022	$605,615	$262,846	$932,224	$342,769
2021	$303,825	$253,043	$188,455	$50,782
2019	$222,327	$215,985	$57,388	$6,342

THE GATHERING PLACE MISSION INC