GRACE PREP INC

EIN: 201224844 501(c)(3) Education

STATE COLLEGE, PA

Total Revenue
$590,956
Total Expenses
$748,307
Total Assets
$329,567
Net Assets
$169,501
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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

Legal Domicile
PA
Principal Officer
BOB GRESH
Phone
8142346072
Tax Period
2023-07-01 to 2024-06-30

GRACE PREP INC is a small nonprofit in the Education sector that reported $591K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $748K exceeded revenue, resulting in a 27% operating deficit.

Mission

PRIVATE CHRISTIAN SCHOOL

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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 (2023)

Revenue Breakdown

Contributions & Grants $84,194
Program Service Revenue $502,505
Investment Income $4,257
Other Revenue $0
TOTAL REVENUE $590,956

Expense Breakdown

Grants Paid $0
Salaries & Benefits $542,902
Fundraising Expenses $0
Program Expenses $748,307
Other Expenses $205,405
TOTAL EXPENSES $748,307

Year-over-Year Comparison

2023 2022 Change
Revenue $590,956 $654,593 -0.1%
Expenses $748,307 $757,241 0.0%
Net Income $-157,351 $-102,648 +0.5%
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
4
Independent Members
4
Employees
13
Volunteers
50

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
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOB GRESH PRESIDENT 2.00
Officer Director
$0 $0 $0
ROBI HAIRS VP/TREASURER 2.00
Director
$0 $0 $0
STEVE WEAVER TREASURER 2.00
Director
$0 $0 $0
JEFF WENDLE MEMBER 2.00
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
2025 No data No data No data No data
2024 $590,956 $748,307 $329,567 $-157,351
2023 $654,593 $757,241 $278,600 $-102,648
2022 $723,875 $723,357 $406,330 $518
2021 $759,886 $683,904 $381,024 $75,982
2020 $767,271 $724,269 $338,083 $43,002
2019 $931,795 $837,088 $256,386 $94,707
2018 $772,625 $794,279 $115,198 $-21,654
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