GOSPEL INC (EIN 900771464) - 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

2011

Legal Domicile

Principal Officer

RAY STEADMAN

Phone

8639404069

Tax Period

2024-01-01 to 2024-12-31

GOSPEL INC, founded in 2011, is a community nonprofit in the Human Services sector that reported $3.6M in total revenue in fiscal year 2024. Revenue surged 247% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 71% operating margin.

Mission

CHRIST-CENTERED COMMUNITY: HOUSING, SPIRITUAL PROGRAMS & WORK TO THOSE LIVING AT GOSPEL VILLAGE

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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 $3,281,960

Program Service Revenue $148,420

Investment Income $176,148

Other Revenue $-2,039

TOTAL REVENUE $3,604,489

Expense Breakdown

Grants Paid $5,650

Salaries & Benefits $608,100

Fundraising Expenses $197,132

Program Expenses $671,829

Other Expenses $434,971

TOTAL EXPENSES $1,048,721

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,604,489	$1,037,457	+2.5%
Expenses	$1,048,721	$865,786	+0.2%
Net Income	$2,555,768	$171,671	+13.9%

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

750

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

$196,645

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG RICHING	PRESIDENT	5.00	Officer Director	$0	$0	$0
SHAWN JONES	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DEB FUNKHOUSER	CO-TREASURER	5.00	Officer Director	$0	$0	$0
KATHY RUBO	CO-TREASURER	5.00	Officer Director	$0	$0	$0
CRAIG MOZHDEHI	SECRETARY	5.00	Officer Director	$0	$0	$0
BOB BODOLAY	BOARD MEMBER	2.00	Director	$0	$0	$0
KYLE CLYNE	BOARD MEMBER	2.00	Director	$0	$0	$0
CEDRIC COX	BOARD MEMBER (AS OF 4/2024)	2.00	Director	$0	$0	$0
SCOTT MCBRIDE	BOARD MEMBER	2.00	Director	$0	$0	$0
TERESA MAIO	BOARD MEMBER (AS OF 06/24)	2.00	Director	$0	$0	$0
RACHEL ROSE	TOP FINANCIAL OFFICIAL	40.00	Officer	$63,073	$0	$63,073
RAY STEADMAN	CEO	40.00	Officer	$125,765	$7,807	$133,572

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	$3,604,489	$1,048,721	$7,227,978	$2,555,768
2023	$1,037,457	$865,786	$4,648,925	$171,671
2022	$1,642,762	$1,004,056	$4,482,702	$638,706
2021	$3,693,006	$797,816	$3,917,751	$2,895,190
2020	$519,131	$544,126	$1,010,353	$-24,995
2019	$842,798	$254,384	$1,025,281	$588,414
2018	$327,045	$171,005	$378,094	$156,040

GOSPEL INC