INNOVATIONS FOR GOSPEL IMPACT INC (EIN 883526522) - 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

2022

Legal Domicile

Principal Officer

DALE SUTHERLAND

Phone

7033075926

Tax Period

2024-01-01 to 2024-12-31

INNOVATIONS FOR GOSPEL IMPACT INC, founded in 2022, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $357K in total revenue in fiscal year 2023. The organization ran a surplus of $277K, a strong 77% operating margin.

Mission

IGI PROVIDES A SUSTAINED MESSAGE OF JESUS CHRIST WHILE SOLVING REAL WORLD PROBLEMS WITH AN INNOVATIVE APPROACH. WE FIND, FUEL, AND FUND LEADERS TO INNOVATE AND SCALE GOSPEL IMPACT. IGI ORIGINATED AS A PROGRAM OF BOOST OTHERS, A 501(C)(3) ORGANIZATION FORMED TO REACH OUT TO THE INDIGENT AND NEEDY MEETING BOTH SPIRITUAL AND PHYSICAL NEEDS. A NEW ENTITY FOR IGI WAS FORMED IN 2022 AS A WHOLLY CONTROLLED SUBSIDIARY OF BOOST OTHERS AND SUBSEQUENTLY SPUN OFF AS A SEPARATE, INDEPENDENT, ENTITY ON 1/1/24.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,932,813

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,932,813

Expense Breakdown

Grants Paid $2,266,545

Salaries & Benefits $131,218

Fundraising Expenses $87,007

Program Expenses $3,084,947

Other Expenses $818,250

TOTAL EXPENSES $3,216,013

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,932,813	$357,000	+7.2%
Expenses	$3,216,013	$80,376	+39.0%
Net Income	$-283,200	$276,624	-2.0%

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

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

$36,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG DUENKAL	PRESIDENT	20.00	Officer	$36,000	$0	$36,000
OSVALDO GRATACOS	DIRECTOR	1.00	Director	$0	$0	$0
CYRUS MADBONDO	DIRECTOR	3.00	Director	$0	$0	$0
PHIL NGUYEN	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY TOWNER-MORGAN	DIRECTOR	5.00	Director	$0	$0	$0
JAMES PARK	SECRETARY	1.00	Officer	$0	$0	$0
DAVE SHULL	VICE CHAIRMA	1.00	Officer	$0	$0	$0
DALE SUTHERLAND	CHAIRMAN	20.00	Officer	$0	$0	$0
THOMAS WAITE	TREASURER	10.00	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	$2,932,813	$3,216,013	$2,219,370	$-283,200
2023	$357,000	$80,376	$306,361	$276,624

INNOVATIONS FOR GOSPEL IMPACT INC