TIME OF GRACE MINISTRIES

EIN: 010549919 501(c)(3) Religion

SILVER SPRING, MD

Total Revenue
$1,258,914
Total Expenses
$245,746
Total Assets
$5,045,077
Net Assets
$4,668,430
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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
2001
Legal Domicile
MD
Principal Officer
MIGUEL ROMERO
Phone
2408329470
Tax Period
2024-01-01 to 2024-12-31

TIME OF GRACE MINISTRIES, founded in 2001, is a community nonprofit in the Religion sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 80% operating margin.

Mission

RELIGIOUS, MISSIONARY, EDUCATIONAL AND BENEVOLENT PURPOSES

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $466,086
Program Service Revenue $0
Investment Income $792,828
Other Revenue $0
TOTAL REVENUE $1,258,914

Expense Breakdown

Grants Paid $11,100
Salaries & Benefits $62,471
Fundraising Expenses $0
Program Expenses $245,746
Other Expenses $172,175
TOTAL EXPENSES $245,746

Year-over-Year Comparison

2024 2023 Change
Revenue $1,258,914 $583,158 +1.2%
Expenses $245,746 $354,016 -0.3%
Net Income $1,013,168 $229,142 +3.4%
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

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Governance

Voting Members
6
Independent Members
N/A
Employees
2
Volunteers
2

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
1
$15,600
Total Directors
0
$0
Key Employees
1
$15,600
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIGUEL A ROMERO PASATOR 40.00
Officer
$15,600 $0 $15,600
MARISOL ROMERO TREASURER 40.00
Key Emp
$15,600 $0 $15,600
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 $1,258,914 $245,746 $5,045,077 $1,013,168
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