THE CHOSEN ONES OUTREACH MINISTIRIE OF GALVESTON INC (EIN 811993151) - 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

2017

Principal Officer

REV EDWARD LAWSON

Phone

2677761777

Tax Period

2022-01-01 to 2022-12-31

THE CHOSEN ONES OUTREACH MINISTIRIE OF GALVESTON INC, founded in 2017, is a small nonprofit in the Human Services sector that reported $829K in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year.

Mission

THE MISSION OF THE ORGANIZATION IS TO ASSIST THE NEEDY VULNERABLE POPULATIONS IN THE STATE OF TEXAS AND ITS SURROUNDING AREAS BY PROVIDING LOW-INCO HOUSING, FINANCIAL SUPPORT, EMERGENCY SHELTER, AND OTHER CHARITABLE SUPPORT TO THOSE IN NEED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $825,126

Program Service Revenue $3,889

Investment Income $0

Other Revenue $0

TOTAL REVENUE $829,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,275

Fundraising Expenses $0

Program Expenses $744,865

Other Expenses $784,969

TOTAL EXPENSES $829,244

Year-over-Year Comparison

	2022	2021	Change
Revenue	$829,015	$986,629	-0.2%
Expenses	$829,244	$986,400	-0.2%
Net Income	$-229	$229	-2.0%

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

N/A

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
TERESA FINCH	BOARD MEMBER	40.00	Director	$0	$0	$0
CHIEF VERNON HALE	BOARD MEMBER	1.00	Director	$0	$0	$0
GILBERT ROBINSON	CFO	1.00	Officer Director	$0	$0	$0
REV EDWARD LAWSON	EXECUTIVE DI	40.00	Officer	$0	$0	$0
GERALD RICHARDS	CEO	1.00	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
2022	$829,015	$829,244	$75,850	$-229
2021	$986,629	$986,400	$253,712	$229

THE CHOSEN ONES OUTREACH MINISTIRIE OF GALVESTON INC