GRACE CHRISTIAN SCHOOL CORPORATION (EIN 043368587) - 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

1999

Legal Domicile

Principal Officer

SPIKE WHITMIRE

Phone

8024472233

Tax Period

2023-07-01 to 2024-06-30

GRACE CHRISTIAN SCHOOL CORPORATION, founded in 1999, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 13% surplus.

Mission

PARTNERING WITH PARENTS TO PROVIDE AN EXCEPTIONAL SPIRITUAL AND ACADEMIC ENVIRONMENT CONSISTENT WITH BIBLICAL TRUTH.

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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 $554,256

Program Service Revenue $1,889,198

Investment Income $53

Other Revenue $15,993

TOTAL REVENUE $2,459,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $978,293

Fundraising Expenses $0

Program Expenses $2,115,057

Other Expenses $1,160,208

TOTAL EXPENSES $2,138,501

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,459,500	$2,173,737	+0.1%
Expenses	$2,138,501	$2,241,546	0.0%
Net Income	$320,999	$-67,809	-5.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SPIKE WHITMIRE	PRESIDENT	1.25	Director	$0	$0	$0
TODD GILE	VICE PRESIDE	1.25	Director	$0	$0	$0
PAULA LAROCHE	SECRETARY	1.25	Director	$0	$0	$0
MARY ARNOLD	TREASURER	1.25	Director	$0	$0	$0
PETER GRIMES	DIRECTOR	1.25	Director	$0	$0	$0
JESSE BURDICK	DIRECTOR	1.25	Director	$0	$0	$0
ETHAN MALACHUK	DIRECTOR	1.25	Director	$0	$0	$0
JERRY LAMB	DIRECTOR	1.25	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
2025	No data	No data	No data	No data
2024	$2,459,500	$2,138,501	$3,393,049	$320,999
2023	$2,173,737	$2,241,546	$3,017,858	$-67,809
2022	$1,485,766	$1,654,763	$3,093,413	$-168,997
2021	$1,412,177	$1,286,986	$3,231,106	$125,191
2020	$1,137,014	$1,120,980	$3,095,872	$16,034
2019	$1,059,926	$1,136,149	$3,066,386	$-76,223
2018	$968,650	$1,065,551	$3,141,277	$-96,901

GRACE CHRISTIAN SCHOOL CORPORATION