The Gospel Underground

EIN: 811527354 501(c)(3) Religion

Blacksburg, VA

Total Revenue
$228,636
Total Expenses
$183,980
Total Assets
$219,644
Net Assets
$219,644
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
VA
Principal Officer
Reid S Monaghan
Phone
7322131833
Tax Period
2023-09-01 to 2024-08-31

The Gospel Underground, founded in 2016, is a small nonprofit in the Religion sector that reported $229K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45K, a strong 20% operating margin.

Mission

The purposes for which the organization is created are:1) to support and serve the local church and to coach and equip the coming generation and church leaders for faithful, missional lives2) to engage in such religious, educational, charitable, and benevolent activities as are permitted to be carried on by an exempt entity under Section 501(c)33) to accept donations and contributions, either in trust or otherwise, for all the foregoing purposes4) to do any and all other things necessary or incident to the above and foregoing purposes and powers and including all of the righs, powers and authority incident to nonprofit corporations organized under the laws of the Commonwealth of Virginia.

Program Service Accomplishments

Program 1
Expenses: $156,383

Our annual reports are published publicly each year and available online at:https://www.gospelunderground.org/annual-reports Highlights from this fiscal year:Written, designed and published church...

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Our annual reports are published publicly each year and available online at:https://www.gospelunderground.org/annual-reports Highlights from this fiscal year:Written, designed and published church planter residency program for Harbor Network.Provided curriculum for churches to train their members in leadership and theology Spoke at a men's retreat for Del Ray Baptist Church, marriage events for Emergence Church NJ and The Fellowship of Christian Athletes in Virginia. Trained around sixty church leaders in Little Rock to understand and teach the Old Testament Book of Joshua to disciples.Coached multiple pastors in their leadership and pastoral ministry.Reid spoke at four universities and a college retreat in New England.Reid saw great attendance at wrestling team Bible studies and community building cookouts with the men.Baptized seven guys from the wrestling team.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $220,485
Program Service Revenue $0
Investment Income $8,151
Other Revenue $0
TOTAL REVENUE $228,636

Expense Breakdown

Grants Paid $0
Salaries & Benefits $126,222
Fundraising Expenses $9,199
Program Expenses $156,383
Other Expenses $57,758
TOTAL EXPENSES $183,980

Year-over-Year Comparison

2023 2022 Change
Revenue $228,636 $160,095 +0.4%
Expenses $183,980 $162,744 +0.1%
Net Income $44,656 $-2,649 -17.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
3

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
3
$126,222
Total Directors
3
$126,222
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Reid S Monaghan President 60.00
Officer Director
$59,613 $66,609 $126,222
Gregg Allison Secretary 0.00
Officer Director
$0 $0 $0
Manoj Thomas Treasurer 0.00
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
2025 No data No data No data No data
2024 $228,636 $183,980 $219,644 $44,656
2023 $160,095 $162,744 $174,988 $-2,649
2022 $158,582 $153,982 $177,736 $4,600
2021 $182,581 $145,924 $173,686 $36,657
2019 $165,121 $142,061 $102,983 $23,060
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