SAVING GRACE MINISTRIES INC (EIN 161573408) - 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

Phone

7168931840

Tax Period

2024-01-01 to 2024-12-31

SAVING GRACE MINISTRIES INC, founded in 1999, is a community nonprofit in the Crime & Legal sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

THE ORGANIZATION SEEKS TO PROVIDE FOR A SMOOTH TRANSITION TO COMMUNITY LIFE FOR INDIVIDUALS RELEASED FROM A CORRECTIONAL FACILITY BY PROVIDING A HIGHLY STRUCTURED PROGRAM BASED ON CHRISTIAN PRINCIPLES.

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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 $203,796

Program Service Revenue $1,133,532

Investment Income $331

Other Revenue $132,038

TOTAL REVENUE $1,469,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $974,094

Fundraising Expenses $0

Program Expenses $1,331,840

Other Expenses $588,600

TOTAL EXPENSES $1,562,694

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,469,697	$1,576,011	-0.1%
Expenses	$1,562,694	$1,711,647	-0.1%
Net Income	$-92,997	$-135,636	-0.3%

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

$145,234

Total Directors

$208,073

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV TERRY KING	CEO	40.00	Officer Director	$57,310	$58,255	$115,565
TRACE GILLIS	Prior Exe Dir.	40.00	Director	$36,962	$0	$36,962
SHERYL KING	PRESIDENT & SEC	20.00	Officer Director	$29,669	$0	$29,669
Jordan Purrington	Executive Dir.	40.00	Director	$25,877	$0	$25,877
LEROY WIGGINS	Director	1.00	Director	$0	$0	$0
REV RON BURGIO	Treasurer	1.00	Director	$0	$0	$0
REV DON SNYDER	Director	1.00	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
2024	$1,469,697	$1,562,694	$3,838,537	$-92,997
2023	$1,576,011	$1,711,647	$3,878,414	$-135,636
2022	$1,214,971	$1,496,456	$4,000,432	$-281,485
2021	$1,183,154	$1,360,552	$4,040,442	$-177,398
2020	$1,806,779	$1,430,321	$4,074,755	$376,458
2019	$1,219,747	$1,479,045	$4,214,205	$-259,298
2018	$1,666,810	$1,900,891	$4,289,901	$-234,081

SAVING GRACE MINISTRIES INC