GRACE MINISTRIES OF DURHAM NORTH CAROLINA (EIN 112126726) - 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

2000

Legal Domicile

Principal Officer

CHARLENE HAMLETT

Phone

9103230191

Tax Period

2024-01-01 to 2024-12-31

GRACE MINISTRIES OF DURHAM NORTH CAROLINA, founded in 2000, is a micro nonprofit in the Religion sector that reported $93K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $177K exceeded revenue, resulting in a 90% operating deficit.

Mission

PROMOTE CHRISTIANITY AMONG MANKIND THROUGHOUT THE WORLD THROUGH THE SUPPORT OF RELIGIOUS EDUCATION AND OTHER MINISTRIES.

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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 $29,100

Program Service Revenue $0

Investment Income $58,951

Other Revenue $5,259

TOTAL REVENUE $93,310

Expense Breakdown

Grants Paid $53,885

Salaries & Benefits $15,411

Fundraising Expenses $0

Program Expenses $170,972

Other Expenses $107,831

TOTAL EXPENSES $177,127

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,310	$192,666	-0.5%
Expenses	$177,127	$195,267	-0.1%
Net Income	$-83,817	$-2,601	+31.2%

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

N/A

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
WILLIAM T ALLEN	DIRECTOR	N/A	Director	$0	$0	$0
JOYCE ROBERTS	DIRECTOR	N/A	Director	$0	$0	$0
CHARLENE HAMLETT	PRESIDENT/SE	N/A	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	$93,310	$177,127	$2,112,923	$-83,817
2023	$192,666	$195,267	$2,201,289	$-2,601
2022	$63,288	$103,708	$2,206,828	$-40,420
2021	$25,598	$59,775	$2,271,824	$-34,177
2020	$446,896	$90,016	$2,309,357	$356,880

GRACE MINISTRIES OF DURHAM NORTH CAROLINA