Gospel Heritage Foundation (EIN 942348330) - 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

1973

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Gospel Heritage Foundation, founded in 1973, is a small nonprofit that reported $394K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $124K, a strong 32% operating margin.

Mission

Promotion of religious doctrine through musical activities

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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 $177,552

Program Service Revenue $0

Investment Income $0

Other Revenue $216,343

TOTAL REVENUE $393,895

Expense Breakdown

Grants Paid $0

Salaries & Benefits $174,051

Fundraising Expenses $0

Program Expenses $269,774

Other Expenses $95,723

TOTAL EXPENSES $269,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$393,895	$265,754	+0.5%
Expenses	$269,774	$178,356	+0.5%
Net Income	$124,121	$87,398	+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

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

$71,471

Total Directors

$2,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Valerie Mace Mapa	CFO	32.00	Officer	$54,906	$16,565	$71,471
Greg Mace	Board Member	0.00	Director	$2,000	$0	$2,000
Frank John Salas	Board Member	0.00	Director	$0	$0	$0
Lucy Mace	Secretary	0.00	Officer	$0	$0	$0
Colette Barnes	CEO	0.00	Officer	$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	No data	No data	No data	No data
2023	$393,895	$269,774	$337,307	$124,121
2022	$265,754	$178,356	$218,021	$87,398
2021	$259,465	$194,071	$161,262	$65,394
2020	$213,296	$154,333	$168,206	$58,963
2019	$252,073	$185,993	$141,579	$66,080
2018	$177,210	$231,275	$96,512	$-54,065

Gospel Heritage Foundation