The Garner Ted Armstrong Evangelistic Association (EIN 752741186) - 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

Phone

9035617070

Tax Period

2024-01-01 to 2024-12-31

The Garner Ted Armstrong Evangelistic Association, founded in 1998, is a small nonprofit in the Religion sector that reported $540K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $717K exceeded revenue, resulting in a 33% operating deficit.

Mission

Teach and propagate the gospel, according to Jesus Christ, worldwide.

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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 $540,343

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $540,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $375,695

Fundraising Expenses $14,596

Program Expenses $442,209

Other Expenses $341,368

TOTAL EXPENSES $717,063

Year-over-Year Comparison

	2024	2023	Change
Revenue	$540,343	$592,367	-0.1%
Expenses	$717,063	$715,329	+0.0%
Net Income	$-176,720	$-122,962	+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

100

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

$56,710

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Armstrong	President	40.00	Officer	$56,710	$0	$56,710
Stan Roberts	Director	2.00	Officer	$0	$0	$0
Ken Nelson	Director	2.00	Officer	$0	$0	$0
Dr James Ricks	Director	2.00	Officer	$0	$0	$0
Michael Armstrong	Director	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	$540,343	$717,063	$1,293,804	$-176,720
2023	$592,367	$715,329	$1,470,509	$-122,962
2022	$749,668	$723,866	$1,593,291	$25,802
2021	$1,527,398	$713,070	$1,567,820	$814,328
2020	$704,091	$598,278	$753,238	$105,813
2019	$692,556	$550,464	$647,242	$142,092
2018	$786,710	$862,710	$505,404	$-76,000

The Garner Ted Armstrong Evangelistic Association