GOSPEL LAKES MINISTRIES INC (EIN 760617085) - 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

1999

Legal Domicile

Principal Officer

BOB JESTER

Tax Period

2023-01-01 to 2023-12-31

GOSPEL LAKES MINISTRIES INC, founded in 1999, is a small nonprofit in the Religion sector that reported $297K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $90K, a strong 30% operating margin.

Mission

TO PROVIDE AND OPERATE A RECREATION FACILITY AND RETREAT FOR THE PURPOSE OF SPREADING THE GOSPEL OF JESUS CHRIST TO CHILDREN AND THEIR FAMILIES

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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 $282,638

Program Service Revenue $3,255

Investment Income $10,982

Other Revenue $0

TOTAL REVENUE $296,875

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,221

Fundraising Expenses $0

Program Expenses $191,594

Other Expenses $162,969

TOTAL EXPENSES $207,190

Year-over-Year Comparison

	2023	2022	Change
Revenue	$296,875	$462,657	-0.4%
Expenses	$207,190	$241,047	-0.1%
Net Income	$89,685	$221,610	-0.6%

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

771

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
JEFF PARISH	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS PRINE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE FRANCIS	DIRECTOR	1.00	Director	$0	$0	$0
BENNIE HASHA	EXEC DIRECTOR SECRETARY	40.00	Officer Director	$0	$0	$0
BOB JESTER	CHAIRMAN	3.00	Officer Director	$0	$0	$0
RAYMOND GRIFFIN	VICE-CHARIMAN	1.00	Officer 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	$296,875	$207,190	$1,004,112	$89,685
2022	$462,657	$241,047	$907,076	$221,610
2021	$430,207	$181,041	$689,973	$249,166
2020	$178,923	$173,896	$424,076	$5,027
2020	$189,976	$173,896	$435,129	$16,080
2019	$205,485	$195,817	$421,399	$9,668
2018	$178,917	$177,076	$409,004	$1,841

GOSPEL LAKES MINISTRIES INC