The Gathering Life Enrichment & Co… - Form 990 Financial Data

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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

2021

Legal Domicile

Principal Officer

Cynthia Forrester

Phone

9545932744

Tax Period

2021-01-01 to 2021-12-31

The Gathering Life Enrichment & Counseling Inc, founded in 2021, is a micro nonprofit in the Human Services sector that reported $1K in total revenue in fiscal year 2021. The organization ran a surplus of $476, a strong 48% operating margin.

Mission

Conduct programing and services to uplift self awareness, goals and achievements through mentoring programs, youth essay participation, certificate of participation in book reading and bible study courses.. Leadership training for the work and home environments.. Business Development Classes and Coaching.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

Did not receive City of Lauderdale Lakes Occupancy until March of 2022. An unusually long City Building Department delay during COVID-19 restrictions occurred from May 2021 until April of 2022...

Did not receive City of Lauderdale Lakes Occupancy until March of 2022. An unusually long City Building Department delay during COVID-19 restrictions occurred from May 2021 until April of 2022. Programs were not implemented in 2021.

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $524

TOTAL EXPENSES $524

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,000	N/A	N/A
Expenses	$524	N/A	N/A
Net Income	$476	$0	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Thompson	President	0.1	Officer Director	$0	$0	$0
Brenda Culler	Vice President	0.1	Officer Director	$0	$0	$0
Cynthia Forrester	Vice President	0.5	Officer Director	$0	$0	$0
Shatory Gill	Director	0.1	Director	$0	$0	$0
Jabrina Thompson	Director	0.1	Director	$0	$0	$0
Desmond Forrester	Director	0.1	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
2021	$1,000	$524	$476	$476

The Gathering Life Enrichment & Counseling Inc