GAP MINISTRIES (EIN 860999503) - 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

1999

Legal Domicile

Principal Officer

JIM LOVELACE

Phone

5208778077

Tax Period

2024-07-01 to 2025-06-30

GAP MINISTRIES, founded in 1999, is a community nonprofit in the Human Services sector that reported $6.5M in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE SHELTER, MEALS, AND COUNSELING TO DISPLACED YOUTH, AND DISTRIBUTE FOOD AND MATERIALS TO NONPROFITS. STANDING IN THE GAP FOR THOSE IN NEED. BRINGING HELP TO CHILDREN, HEALING TO FAMILIES, HOPE TO THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,025,389

Program Service Revenue $0

Investment Income $400

Other Revenue $506,000

TOTAL REVENUE $6,531,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,315,393

Fundraising Expenses $411,435

Program Expenses $4,540,253

Other Expenses $3,084,658

TOTAL EXPENSES $6,400,051

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,531,789	$12,412,940	-0.5%
Expenses	$6,400,051	$12,301,833	-0.5%
Net Income	$131,738	$111,107	+0.2%

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

123

Volunteers

500

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

$307,624

Total Directors

$440,498

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAM AYERS	EXECUTIVE DIRECTOR	040.00	Officer Director	$121,921	$4,713	$126,634
GREG AYERS	PRESIDENT CEO	040.00	Officer Director	$120,856	$4,713	$125,569
JASON AYERS	DIRECTOR, NON-VOTING	030.00	Director	$74,248	$5,143	$79,391
MATTHEW MCPHERSON	DIRECTOR	N/A	Director	$0	$5,143	$55,743
JIM LOVELACE	CFO	030.00	Officer	$50,278	$5,143	$55,421
JENNIFER MCPHERON	DIRECTOR	N/A	Director	$0	$5,143	$42,884
DEMETRIUS MILES	DIRECTOR	N/A	Director	$0	$2,572	$10,277
JIM PIELEMEIER	DIRECTOR	000.50	Director	$0	$0	$0
JULIE PIELEMEIER	DIRECTOR	000.50	Director	$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	$6,531,789	$6,400,051	$10,114,458	$131,738
2024	$12,412,940	$12,301,833	$9,525,285	$111,107
2023	$12,086,948	$11,700,995	$9,737,596	$385,953
2022	$11,885,359	$11,023,874	$9,696,480	$861,485
2021	$9,825,806	$9,420,174	$5,888,534	$405,632
2020	$7,783,098	$6,813,708	$5,818,812	$969,390
2019	$6,722,365	$7,242,482	$5,265,463	$-520,117
2018	$7,766,895	$8,068,721	$6,379,071	$-301,826

GAP MINISTRIES