OSKALOOSA, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
Legacy of Grace School Tuition Organization, Inc. provided scholarships to eligible students attending nonpublic K-12 schools in the state of Iowa which are accredited under Iowa Code section 256.11...
Legacy of Grace School Tuition Organization, Inc. provided scholarships to eligible students attending nonpublic K-12 schools in the state of Iowa which are accredited under Iowa Code section 256.11 and adheres to the provisions of the federal Civil Rights Act of 1964 and chapter 216. An "Eligible student" is a student who is a member of a household whose total annual income during the calendar year before the student receives a tuition grant does not exceed an amount equal to four times the most recently published federal poverty guidelines in the federal register by the United States department of health and human services.The Organization distributed $482,965 in the form of scholarships. Scholarship distributions were made directly to 7 accredited, non-public schools located in the State of Iowa to provide tuition assistance for students from eligible families as described above.The Organization distributed $13,698 in the form of donations to unrelated, not-for-profit organizations promoting private education in Iowa.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare LEGACY OF GRACE SCHOOL TUITION ORG with other nonprofits in Iowa and across the country.