LEGACY OF GRACE SCHOOL TUITION ORG (EIN 205287030) - 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

2006

Legal Domicile

Phone

6416736913

Tax Period

2023-07-01 to 2024-06-30

LEGACY OF GRACE SCHOOL TUITION ORG, founded in 2006, is a small nonprofit in the Education sector that reported $464K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $515K exceeded revenue, resulting in a 11% operating deficit.

Mission

To solicit contributions from the general public in order to provide scholarships to families to assist with tuition costs in grades K-12 of accredited, non-public schools located in the State of Iowa.

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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 $448,299

Program Service Revenue $0

Investment Income $16,135

Other Revenue $0

TOTAL REVENUE $464,434

Expense Breakdown

Grants Paid $496,663

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $496,663

Other Expenses $18,687

TOTAL EXPENSES $515,350

Year-over-Year Comparison

	2023	2022	Change
Revenue	$464,434	$551,213	-0.2%
Expenses	$515,350	$483,044	+0.1%
Net Income	$-50,916	$68,169	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL GROENENBOOM	President	2.00	Officer Director	$0	$0	$0
KODY ROOS	Trustee	1.00	Director	$0	$0	$0
KURTIS DE BRUIN	Secretary	1.00	Officer Director	$0	$0	$0
MIKE VER MEER	Trustee	1.00	Director	$0	$0	$0
BRIAN WHITE	Trustee	1.00	Director	$0	$0	$0
ELDEN VAN ZEE	Treasurer	1.00	Officer Director	$0	$0	$0
ANGIE BURNHAN	Trustee	1.00	Director	$0	$0	$0
MARK DEVRIES	Trustee	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
2025	No data	No data	No data	No data
2024	$464,434	$515,350	$521,516	$-50,916
2023	$551,213	$483,044	$572,432	$68,169
2022	$420,658	$465,711	$504,263	$-45,053
2021	$505,562	$360,018	$549,316	$145,544
2020	$295,901	$412,899	$403,772	$-116,998
2019	$414,351	$577,385	$520,770	$-163,034
2018	$612,602	$576,990	$683,804	$35,612

LEGACY OF GRACE SCHOOL TUITION ORG