Gospel Light Mennonite Church Medical Aid Plan INC

Canton, Ohio

A-Health Score
75A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

How This Organization Compares

Compared to 16 peers in Religion-Related with $100M-$1B revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.15×
Peer Median1.74×
💰
$196.8M
Total Revenue
📊
$196.2M
Total Expenses
🏦
$28.5M
Net Assets
📋
$2.2M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-29.7%
Year-over-year change (2022 → 2023)
Net Margin
+0.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.15
Net assets divided by total expenses
Liabilities-to-Assets
7.1%
Total liabilities as % of total assets

Filing History

9 filings on record
YearRevenueExpensesAssets
2023$196,784,90030%$196,152,85328%$30,639,8971%
2022$279,735,525429%$271,637,717527%$30,201,31627%
2021$52,923,7215%$43,304,09018%$23,765,48858%
2020$55,782,7882%$53,082,93811%$15,003,79437%
2019$54,725,57612%$59,875,8202%$10,975,575121%
2018$61,910,7465%$58,723,8168%$4,975,653187%
2017$64,977,87278%$63,883,38677%$1,736,42244%
2016$36,436,551460%$36,086,759464%$1,202,19942%
2015$6,501,552$6,399,609$848,312

Frequently Asked Questions

What does Gospel Light Mennonite Church Medical Aid Plan INC do?

Gospel Light Mennonite Church Medical Aid Plan INC is a religion-related nonprofit organization based in Ohio. It is classified under NTEE code X20 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Gospel Light Mennonite Church Medical Aid Plan INC financially healthy?

Based on our 9-metric Financial Health Score model, Gospel Light Mennonite Church Medical Aid Plan INC has a score of 75/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Gospel Light Mennonite Church Medical Aid Plan INC generate?

Gospel Light Mennonite Church Medical Aid Plan INC reports $163.4M in annual revenue and holds $29.7M in total assets, based on IRS filings.

Similar Organizations

Explore more organizations in the Religion-Related category, or browse all nonprofits in Ohio.