GBC INC (EIN 931170115) - 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

1994

Legal Domicile

Principal Officer

PASTOR MATT HENNESSEE

Phone

5038697797

Tax Period

2024-01-01 to 2024-12-31

GBC INC, founded in 1994, is a micro nonprofit in the Housing & Shelter sector that reported $34K in total revenue in fiscal year 2024. Expenses of $98K exceeded revenue, resulting in a 186% operating deficit.

Mission

PROVIDE SERVICES AND HOUSING TO LOW INCOME PERSONS

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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 $0

Program Service Revenue $16,300

Investment Income $17,864

Other Revenue $0

TOTAL REVENUE $34,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,043

Other Expenses $97,719

TOTAL EXPENSES $97,719

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,164	$33,881	+0.0%
Expenses	$97,719	$77,795	+0.3%
Net Income	$-63,555	$-43,914	+0.4%

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

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

$3,800

Total Directors

$20,358

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PASTOR ALBERT WILKINS	VICE PRESIDE	2.00	Director	$11,208	$0	$11,208
PASTOR CARLAND ALLEN	TREASURER	2.00	Officer Director	$3,800	$0	$3,800
PASTOR MATT HENNESSEE	PRESIDENT	2.00	Director	$2,750	$0	$2,750
PASTOR MURRAY BRADLEY	DIRECTOR	2.00	Director	$2,600	$0	$2,600
WAYNE JENKINS	SECRETARY	2.00	Director	$0	$0	$0
LAWRENCE WILLIS	DIRECTOR	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	$34,164	$97,719	$1,008,961	$-63,555
2023	$33,881	$77,795	$1,046,786	$-43,914
2022	$30,714	$56,403	$1,023,255	$-25,689
2021	$63,313	$29,213	$1,177,675	$34,100
2020	$31,582	$207,101	$1,111,458	$-175,519
2019	$111,649	$7,677	$1,195,710	$103,972
2018	$4,080	$8,983	$1,018,568	$-4,903

GBC INC