GRACE SUMMIT INC

EIN: 201381671 501(c)(3) Religion

ROSWELL, GA

Total Revenue
$91,342
Total Expenses
$86,547
Total Assets
$10,469
Net Assets
$10,469
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
GA
Phone
7709981000
Tax Period
2024-01-01 to 2024-12-31

GRACE SUMMIT INC, founded in 2004, is a micro nonprofit in the Religion sector that reported $91K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $87K left a modest 5% surplus.

Mission

DISCIPLESHIP COUNSELING AND RETREAT MINISTRY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $91,342
Investment Income $0
Other Revenue $0
TOTAL REVENUE $91,342

Expense Breakdown

Grants Paid $0
Salaries & Benefits $75,798
Fundraising Expenses $0
Program Expenses $51,928
Other Expenses $10,749
TOTAL EXPENSES $86,547

Year-over-Year Comparison

2024 2023 Change
Revenue $91,342 $78,652 +0.2%
Expenses $86,547 $90,625 0.0%
Net Income $4,795 $-11,973 -1.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
2
Independent Members
1
Employees
1
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE M SPESSARD CEOEXECUTIVE DIRECTOR 40.00
Director
$0 $0 $0
GREGORY BISHOP SECRETARYTREASURER 0.50
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 $91,342 $86,547 $10,469 $4,795
2023 No data No data No data No data
2022 $91,988 $77,897 $17,647 $14,091
2021 $88,497 $95,031 $12,660 $-6,534
2020 $80,016 $91,073 $19,194 $-11,057
2019 $109,363 $91,082 $21,200 $18,281
2018 $88,989 $95,291 $3,625 $-6,302
Explore More Nonprofits
→Top 100 Nonprofits in Georgia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare GRACE SUMMIT INC with other nonprofits in Georgia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.