Gospel Worship Experience Scholarship Program Inc (EIN 824612993) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

Kenneth Lee

Phone

5404083330

Tax Period

2025-01-01 to 2025-12-31

Gospel Worship Experience Scholarship Program Inc, founded in 2018, is a micro nonprofit in the Education sector that reported $71K in total revenue in fiscal year 2023. The organization ran a surplus of $32K, a strong 45% operating margin.

Mission

Provide students with college scholarships

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $53,658

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $53,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $300

Fundraising Expenses $803

Program Expenses $59,225

Other Expenses $61,949

TOTAL EXPENSES $62,249

Year-over-Year Comparison

	2025	2024	Change
Revenue	$53,658	$63,368	-0.2%
Expenses	$62,249	$62,707	0.0%
Net Income	$-8,591	$661	-14.0%

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

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

$300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kenneth Lee	CEO	30.00	Officer Director	$0	$0	$0
Joyce Lee	COO	10.00	Officer Director	$0	$0	$0
Rodney Blake	Secretary	5.00	Officer	$300	$0	$300
Charles Martin	Treasurer	2.00	Officer	$0	$0	$0
Timothy Batts	Director	2.00	Officer	$0	$0	$0
Jesse cofield	Director	2.00	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
2025	$53,658	$62,249	$36,888	$-8,591
2024	$63,368	$62,707	$45,479	$661
2023	$71,353	$38,933	$44,818	$32,420

Gospel Worship Experience Scholarship Program Inc