GRACE EVANGELICAL COLLEGE & SEMINARY (EIN 010543513) - 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

2002

Legal Domicile

Principal Officer

MOLLY SPARLING

Phone

2079476576

Tax Period

2024-07-01 to 2025-06-30

GRACE EVANGELICAL COLLEGE & SEMINARY, founded in 2002, is a small nonprofit in the Education sector that reported $225K in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $391K exceeded revenue, resulting in a 74% operating deficit.

Mission

TO EDUCATE, EQUIP AND PROVIDE SERVANT LEADERS FOR THE BODY OF CHRIST TO FULFILL THE GREAT COMMISSION.

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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 $104,590

Program Service Revenue $53,500

Investment Income $66,425

Other Revenue $0

TOTAL REVENUE $224,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $199,081

Fundraising Expenses $97,575

Program Expenses $184,326

Other Expenses $191,510

TOTAL EXPENSES $390,591

Year-over-Year Comparison

	2024	2023	Change
Revenue	$224,515	$137,335	+0.6%
Expenses	$390,591	$304,232	+0.3%
Net Income	$-166,076	$-166,897	0.0%

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

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

$80,000

Total Directors

$80,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK KAMEN	TRUSTEE	2.00	Director	$0	$0	$0
MOLLY SPARLING	CHAIR	6.00	Officer Director	$0	$0	$0
REV DR JERRY MICK	TRUSTEE	2.00	Director	$0	$0	$0
BOB BERRY	TRUSTEE	0.50	Director	$0	$0	$0
DUSKA THURSTON	TRUSTEE	1.00	Director	$0	$0	$0
PHIL CAMILL	TRUSTEE	2.00	Director	$0	$0	$0
TERRENCE SMITH	DIRECTOR	40.00	Officer Director	$10,000	$0	$10,000
JAMES CULBERTSON	DIRECTOR	40.00	Officer Director	$70,000	$0	$70,000

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
2025	$224,515	$390,591	$479,641	$-166,076
2024	No data	No data	No data	No data
2023	$399,859	$215,291	$734,771	$184,568
2022	$255,917	$228,808	$521,827	$27,109
2021	$183,226	$206,070	$615,986	$-22,844
2020	$113,620	$190,068	$648,284	$-76,448
2019	$150,116	$188,662	$770,512	$-38,546

GRACE EVANGELICAL COLLEGE & SEMINARY