UNION GOSPEL MISSION ASSOCIATION OF OLYMPIA (EIN 911680748) - 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

1995

Legal Domicile

Principal Officer

LOREN STEFFEN

Phone

3607099725

Tax Period

2023-09-01 to 2024-08-31

UNION GOSPEL MISSION ASSOCIATION OF OLYMPIA, founded in 1995, is a community nonprofit in the Human Services sector that reported $3.7M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $735K, a strong 20% operating margin.

Mission

THE OUGM EXISTS AS AN EVANGELICAL CHRISTIAN RESCUE MISSION, SERVING THURSTON COUNTY, TO SHARE THE GOOD NEWS OF LIFE IN JESUS CHRIST BY MEETING THE PHYSICAL, MENTAL AND SPIRITUAL NEEDS OF INDIVIDUALS IN CRISIS.

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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 $3,145,270

Program Service Revenue $431,929

Investment Income $61,021

Other Revenue $19,929

TOTAL REVENUE $3,658,149

Expense Breakdown

Grants Paid $714,410

Salaries & Benefits $1,204,334

Fundraising Expenses $224,451

Program Expenses $2,602,358

Other Expenses $1,004,716

TOTAL EXPENSES $2,923,460

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,658,149	$3,201,716	+0.1%
Expenses	$2,923,460	$2,822,677	+0.0%
Net Income	$734,689	$379,039	+0.9%

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

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

$24,606

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOREN STEFFEN	EXECUTIVE DI	32.00	Officer	$24,606	$0	$24,606
ANDREW CHRISTENSEN	PRESIDENT	6.00	Officer Director	$0	$0	$0
TOM DAVIS	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
JACK OLSON	TREASURER	2.00	Officer Director	$0	$0	$0
TIM LANGAN	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBIN WADSWORTH	BOARD MEMBER	2.00	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
2024	$3,658,149	$2,923,460	$6,784,122	$734,689
2023	$3,201,716	$2,822,677	$6,108,943	$379,039
2022	$3,189,826	$2,627,361	$5,988,870	$562,465
2021	$3,378,508	$2,641,000	$5,007,907	$737,508
2020	$3,403,598	$2,942,208	$4,398,392	$461,390
2019	$2,588,571	$2,483,395	$3,810,916	$105,176
2018	$2,779,369	$2,516,985	$3,709,796	$262,384

UNION GOSPEL MISSION ASSOCIATION OF OLYMPIA