GOSPEL CHRISTIAN MUSIC ASSOCIATION

EIN: 831940324 501(c)(3) Religion

BRISTOL, TN

Total Revenue
$188,974
Total Expenses
$354,560
Total Assets
$70,363
Net Assets
$70,363
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
TN
Phone
4232929424
Tax Period
2024-01-01 to 2024-12-31

GOSPEL CHRISTIAN MUSIC ASSOCIATION, founded in 2018, is a small nonprofit in the Religion sector that reported $189K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $355K exceeded revenue, resulting in a 88% operating deficit.

Mission

PROMOTING AND SHOWCASING CHRISTIAN ARTISTS AND MUSICIANS TO FURTHER THEIR MINISTRIES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $188,974
Investment Income $0
Other Revenue $0
TOTAL REVENUE $188,974

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $354,560
Other Expenses $354,560
TOTAL EXPENSES $354,560

Year-over-Year Comparison

2024 2023 Change
Revenue $188,974 $158,565 +0.2%
Expenses $354,560 $256,793 +0.4%
Net Income $-165,586 $-98,228 +0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK SHEETS CEO 10.00
Officer
$0 $0 $0
ERIC SHEETS VICE-PRESIDENT 1.00
Officer
$0 $0 $0
CHASITY RAY SECRETARY 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
2024 $188,974 $354,560 $70,363 $-165,586
2023 $158,565 $256,793 $235,949 $-98,228
2022 $237,529 $138,051 $334,177 $99,478
Explore More Nonprofits
→Top 100 Nonprofits in Tennessee →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare GOSPEL CHRISTIAN MUSIC ASSOCIATION with other nonprofits in Tennessee and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.