GOSPEL TRANSPORT CORP

EIN: 844325271 501(c)(3) Religion

CORPUS CHRISTI, TX

Total Revenue
$60,751
Total Expenses
$52,238
Total Assets
$29,108
Net Assets
$25,789
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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
2019
Legal Domicile
TX
Principal Officer
JACK FERGUSON
Phone
3619444107
Tax Period
2023-01-01 to 2023-12-31

GOSPEL TRANSPORT CORP, founded in 2019, is a micro nonprofit in the Religion sector that reported $61K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $52K left a modest 14% surplus.

Mission

CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $60,751
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $60,751

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $52,238
Other Expenses $52,238
TOTAL EXPENSES $52,238

Year-over-Year Comparison

2023 2022 Change
Revenue $60,751 $70,599 -0.1%
Expenses $52,238 $53,679 0.0%
Net Income $8,513 $16,920 -0.5%
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

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Governance

Voting Members
5
Independent Members
5
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK FERGUSON SECRETARY N/A
Officer
$0 $0 $0
ROY G HARLOW JR TREASURER N/A
Officer
$0 $0 $0
GOLDEN MADDEN VICE-PRESIDE N/A
Officer
$0 $0 $0
JASON MADDEN OFFICER N/A
Officer
$0 $0 $0
SID MADDEN PRESIDENT N/A
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 No data No data No data No data
2023 $60,751 $52,238 $29,108 $8,513
2022 $70,599 $53,679 $23,481 $16,920
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