GRACE CENTER FOUNDATION INC

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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

2006

Legal Domicile

Principal Officer

ROSEMARY ERICKSON

Phone

2392500432

Tax Period

2023-01-01 to 2023-12-31

GRACE CENTER FOUNDATION INC, founded in 2006, is a community nonprofit in the International Affairs sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $229K, a strong 18% operating margin.

Mission

TO SEEK TO SAVE THE LIVES OF CHILDREN AND THEIR FAMILIES IN ETHIOPIA THROUGH AN INTEGRATED, HOLISTIC APPROACH.

Program Service Accomplishments

Program 1

Expenses: $962,478

IN 2023, WE PROVIDED FREE CLEAN WATER TO OVER 1,000 PEOPLE DAILY THROUGH OUR WELL, WHICH IS RECOGNIZED THROUGHOUT THE DENSELY POPULATED VILLAGE SURROUNDING GRACE CENTER AS THE ONLY RELIABLE SOURCE OF THIS VITAL RESOURCE. DESPITE THE ONGOING CONFLICT IN BAHIR DAR AND SURROUNDING AREAS, GRACE CENTER REMAINED OPERATIONAL, SERVING AS A VITAL LIFELINE DURING THE WAR. ADDITIONALLY, WE SUCCESSFULLY BROKE GROUND ON NEW LAND IN DEBRE MARKOS, A CITY OF 350,000 LOCATED FOUR HOURS SOUTH OF BAHIR DAR, EXPANDING OUR REACH AND IMPACT.

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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 $1,280,682

Program Service Revenue $0

Investment Income $0

Other Revenue $-21,664

TOTAL REVENUE $1,259,018

Expense Breakdown

Grants Paid $962,478

Salaries & Benefits $0

Fundraising Expenses $23,463

Program Expenses $962,478

Other Expenses $67,793

TOTAL EXPENSES $1,030,271

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,259,018	$1,077,255	+0.2%
Expenses	$1,030,271	$1,070,713	0.0%
Net Income	$228,747	$6,542	+34.0%

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

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

$105,062

Total Directors

$44,064

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCIE ERICKSON	EXECUTIVE DI	40.00	Officer	$60,998	$0	$60,998
MICHELLE ROBINSON	TREASURER	20.00	Officer Director	$44,064	$0	$44,064
TREVOR BRAGDON	DIRECTOR	1.00	Director	$0	$0	$0
ROSEMARY ERICKSON	SECRETARY	20.00	Officer Director	$0	$0	$0
DEBBIE GRAHAM	CHAIR	10.00	Officer Director	$0	$0	$0
ESTEE HENTGES	DIRECTOR	2.00	Director	$0	$0	$0
JOSH HENTGES	PRESIDENT	2.00	Officer Director	$0	$0	$0
JIM HILLERBRAND	DIRECTOR	1.00	Director	$0	$0	$0
SEFINEW MENGISTU	DIRECTOR	1.00	Director	$0	$0	$0
DEANNA MYERS	RECORDING SE	1.00	Officer Director	$0	$0	$0
SUSAN TARANTINO	DIRECTOR	1.00	Director	$0	$0	$0
PAT WILLE	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	No data	No data	No data	No data
2023	$1,259,018	$1,030,271	$752,731	$228,747
2022	$1,077,255	$1,070,713	$524,831	$6,542
2021	$988,174	$715,141	$516,780	$273,033
2020	$867,301	$727,745	$314,788	$139,556
2020	$867,301	$727,745	$260,822	$139,556
2018	$460,263	$478,992	$73,889	$-18,729