GOSPEL CARE MINISTRY INC (EIN 814453178) - 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

2018

Legal Domicile

Principal Officer

ROBERT K CHEONG

Phone

5022162414

Tax Period

2023-01-01 to 2023-12-31

GOSPEL CARE MINISTRY INC, founded in 2018, is a small nonprofit in the Religion sector that reported $241K in total revenue in fiscal year 2023. Revenue surged 185% from the prior year, signaling strong growth momentum. The organization ran a surplus of $37K, a strong 15% operating margin.

Mission

THE ORGANIZATION HELPS LEADERS RE-IMAGINE LIFE AND MINISTRY WITH CHRIST. THIS IS DONE BY ENCOURAGING AND EQUIPPING THEM TO SEE AND EXPERIENCE HOW ABIDING IN CHRIST FUELS LIFE AND FORMS MINISTRY. LEADERS CAN GROW CONFIDENT IN HOW JESUS MAKES A DIFFERENCE IN A BROKEN WORLD BY LIVING IN GOD'S STORY IN COMMUNITY. AS A RESULT, LOVE FOR GOD AND OTHERS FLOURISHES.

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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 $121,323

Program Service Revenue $94,125

Investment Income $646

Other Revenue $25,031

TOTAL REVENUE $241,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,854

Fundraising Expenses $0

Program Expenses $41,327

Other Expenses $59,117

TOTAL EXPENSES $203,971

Year-over-Year Comparison

	2023	2022	Change
Revenue	$241,125	$84,618	+1.8%
Expenses	$203,971	$34,007	+5.0%
Net Income	$37,154	$50,611	-0.3%

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

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

$2,874

Total Directors

$2,874

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE BARKER	TREASURER	1.00	Officer Director	$0	$0	$0
NICK LANGFORD	SECRETARY	1.00	Officer Director	$0	$0	$0
AARON LUNDQUIST	DIRECTOR	1.00	Director	$0	$0	$0
RAY HAND	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CHEONG	CHAIRMAN	50.00	Officer Director	$2,874	$0	$2,874

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	$241,125	$203,971	$92,902	$37,154

GOSPEL CARE MINISTRY INC