CHOSEN GOSPEL RECOVERY INC (EIN 912138568) - 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

2004

Legal Domicile

Principal Officer

DARLENE WATLEY

Phone

3232446902

Tax Period

2023-07-01 to 2024-06-30

CHOSEN GOSPEL RECOVERY INC, founded in 2004, is a small nonprofit in the Human Services sector that reported $270K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year.

Mission

To promote the well-being and self-sufficiency of chronically homeless families and individuals through supportive housing, drug abuse recovery, life skills building, creative community outreach and an array of collaborative services.

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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 $0

Program Service Revenue $269,992

Investment Income $0

Other Revenue $0

TOTAL REVENUE $269,992

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $244,392

Other Expenses $268,420

TOTAL EXPENSES $268,420

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,992	$322,345	-0.2%
Expenses	$268,420	N/A	N/A
Net Income	$1,572	$322,345	-1.0%

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

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
Rev Darlene Watley	Executive Director	40.00	Officer 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	$269,992	$268,420	$30,224	$1,572
2023	$319,857	$292,778	No data	$27,079
2022	$193,290	$269,378	No data	$-76,088
2021	$258,058	$259,341	No data	$-1,283
2020	$242,557	$255,165	$47,460	$-12,608

CHOSEN GOSPEL RECOVERY INC