Light Bearers Ministry

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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

1985

Legal Domicile

Principal Officer

TY GIBSON

Phone

5419883333

Tax Period

2023-01-01 to 2023-12-31

Light Bearers Ministry, founded in 1985, is a community nonprofit in the Religion sector that reported $2.3M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

IT IS THE MISSION OF LIGHT BEARERS TO ASSIST THE WORLD CHURCH IN HASTENING THE GLORIOUS COMING OF JESUS CHRIST BY HELPING TO EXECUTE HIS MANDATE TO PROCLAIM THE GOSPEL TO ALL THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $609,722

PREACHAS AN EVANGELISTIC AND REVIVAL MINISTRY, LIGHT BEARERS IS THE LAUNCH PAD FOR AN ON-FIRE TEAM OF SPEAKERS WHO EXALT CHRIST AS THE LIVING CENTER OF ALL TRUTH WHILE PREACHING THE FULL-SPECTRUM...

PREACHAS AN EVANGELISTIC AND REVIVAL MINISTRY, LIGHT BEARERS IS THE LAUNCH PAD FOR AN ON-FIRE TEAM OF SPEAKERS WHO EXALT CHRIST AS THE LIVING CENTER OF ALL TRUTH WHILE PREACHING THE FULL-SPECTRUM MESSAGE OF HIS WORD.FIRST, WE HOLD PUBLIC EVANGELISTIC MEETINGS. THESE ARE PREACHING EVENTS HOSTED IN LOCAL VENUES THROUGHOUT THE WORLD. THE MESSAGES ARE CRAFTED FOR THE SPECIFIC PURPOSE OF INTRODUCING CHRIST AND HIS MATCHLESS LOVE AGAINST THE BACKDROP OF THE END-TIME MESSAGE OF BIBLE PROPHECY.SECOND, WE ARE COMMITTED TO REVIVAL MINISTRY IN THE CHURCH. EVANGELISM

Program 2

Expenses: $550,929 Revenue: $150,719

TRAINLIGHT BEARERS IS ALSO A TRAINING MINISTRY. THOSE WHO ARE WON TO CHRIST AND IGNITED WITH THE PASSION OF HIS LOVE ARE EAGER TO ENGAGE IN MINISTRY FOR OTHERS. THE TRAINING ARM OF LIGHT BEARERS IS APPROPRIATELY CALLED ARISE, DRAWN FROM ISAIAH 60:1-3. EACH TRAINING PROGRAM IS DESIGNED TO EDUCATE AND EQUIP THE FOLLOWERS OF CHRIST TO ARISE LIKE THE MORNING SUN AND SHINE FORTH WITH THE LIGHT OF THE GOSPEL.

Program 3

Expenses: $473,346 Revenue: $1,541

RESOURCELIGHT BEARERS IS A MEDIA PRODUCTION MINISTRY AND A RESOURCE CENTER. OUR TOTAL REASON FOR EXISTENCE AS A MINISTRY IS TO EFFECTIVELY COMMUNICATE THE GOSPEL AND EQUIP OTHERS TO DO THE SAME...

RESOURCELIGHT BEARERS IS A MEDIA PRODUCTION MINISTRY AND A RESOURCE CENTER. OUR TOTAL REASON FOR EXISTENCE AS A MINISTRY IS TO EFFECTIVELY COMMUNICATE THE GOSPEL AND EQUIP OTHERS TO DO THE SAME. AUDIO, VIDEO, LITERATURE, AND THE WEB PLAY A MAJOR ROLE IN THIS MISSION. THERE ARE THREE WAYS TO ACCESS OUR MATERIALS.:LISTEN TO OUR GROWING LIBRARY OF AUDIO SERMONS.WATCH OUR VARIOUS VIDEO MESSAGES, RANGING FROM SERMONS PREACHED AT VARIOUS EVENTS TO OUR DIGMA VIDEO SERIES WHICH SPEAKS TO THE SECULAR CULTURE AT LARGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,384,146

Program Service Revenue $150,719

Investment Income $27,926

Other Revenue $-221,149

TOTAL REVENUE $2,341,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,355,103

Fundraising Expenses $137,085

Program Expenses $1,633,997

Other Expenses $1,251,038

TOTAL EXPENSES $2,606,141

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,341,642	$2,138,389	+0.1%
Expenses	$2,606,141	$2,479,586	+0.1%
Net Income	$-264,499	$-341,197	-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

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

$291,558

Total Directors

$487,620

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON OTIS	CHAIRMAN/SECRETARY	10.00	Officer Director	$111,646	$200	$111,846
TY GIBSON	DIRECTOR/PRESIDENT	40.00	Officer Director	$155,212	$24,500	$179,712
KIM BUSL	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE RACINE	BOARD MEMBER	1.00	Director	$0	$0	$0
YAMIL ROSARIO	BOARD MEMBER	40.00	Director	$84,838	$200	$85,038
KELLY KINSLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID ASSCHERICK	BOARD MEMBER	40.00	Director	$86,114	$24,910	$111,024
VICTOR MADDOX	BOARD MEMBER	1.00	Director	$0	$0	$0
CINTIA NOJIMA	BOARD MEMBER	1.00	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
2023	$2,341,642	$2,606,141	$2,384,500	$-264,499
2022	$2,138,389	$2,479,586	$2,493,402	$-341,197
2021	$2,818,772	$3,098,373	$3,151,606	$-279,601
2020	$2,372,942	$2,430,036	$3,063,270	$-57,094
2019	$2,432,365	$2,580,540	$3,050,380	$-148,175
2018	$3,342,337	$2,903,258	$3,413,949	$439,079