Light of the Gospel Ministries (EIN 821987639) - 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

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

Light of the Gospel Ministries, founded in 2017, is a micro nonprofit in the Religion sector that reported $23K in total revenue in fiscal year 2022. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $26K exceeded revenue, resulting in a 16% operating deficit.

Mission

In association with Light of the Gospel Church, we propagate the gospel of Jesus Christ by all available means, both at home and in foreign lands. We provide evangelism and rehabilitation to orphaned and/or drug addicted children and adults.

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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 $22,613

Program Service Revenue $0

Investment Income $6

Other Revenue $0

TOTAL REVENUE $22,619

Expense Breakdown

Grants Paid $14,588

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,220

Other Expenses $11,632

TOTAL EXPENSES $26,220

Year-over-Year Comparison

	2022	2021	Change
Revenue	$22,619	$44,794	-0.5%
Expenses	$26,220	$46,619	-0.4%
Net Income	$-3,601	$-1,825	+1.0%

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

N/A

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
Pavel D Arabadzhi	General Manager	5.00	Officer	$0	$0	$0
Olga Arabadzhi	Secretary	10.00	Officer	$0	$0	$0
Leonid Matushevskiy	CEOPresident	20.00	Officer	$0	$0	$0
Daniel A Salva	Treasurer	20.00	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	$22,619	$26,220	$85,000	$-3,601
2021	$44,794	$46,619	$80,541	$-1,825
2020	$34,722	$24,877	$74,431	$9,845
2019	$89,278	$55,743	$71,358	$33,535
2018	$110,808	$92,139	$36,483	$18,669

Light of the Gospel Ministries