JERRY DRACE EVANGELISTIC ASSOC INC (EIN 237430843) - 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

1975

Legal Domicile

Principal Officer

JERRY DRACE

Phone

7317840087

Tax Period

2023-04-01 to 2024-03-31

JERRY DRACE EVANGELISTIC ASSOC INC, founded in 1975, is a micro nonprofit that reported $37K in total revenue in fiscal year 2023. Expenses of $33K left a modest 9% surplus.

Mission

THE ASSOCIATION IS AN EVANGELISTIC ASSOCIATION FORMED FOR THE PURPOSE OF CONDUCTING EVANGELISTIC SERVICES AND FAMILY ENRICHMENT SEMINARS IN THE UNITED STATES AND FOREIGN COUNTRIES.

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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 $34,691

Program Service Revenue $195

Investment Income $1,962

Other Revenue $0

TOTAL REVENUE $36,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,485

Fundraising Expenses $0

Program Expenses $28,296

Other Expenses $13,009

TOTAL EXPENSES $33,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,848	$-446	-83.6%
Expenses	$33,494	$37,073	-0.1%
Net Income	$3,354	$-37,519	-1.1%

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

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

$12,480

Total Directors

$12,480

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BECKY DRACE	BOOKKEEPER/S	20.00	Officer Director	$12,480	$0	$12,480
BOB ALVEY	DIRECTOR	2.00	Director	$0	$0	$0
GARY CARTER	DIRECTOR	2.00	Director	$0	$0	$0
JERRY DRACE	PRESIDENT	15.00	Officer Director	$0	$0	$0
MIKE DUDUIT	DIRECTOR	2.00	Director	$0	$0	$0
BARRY GLENN	DIRECTOR	2.00	Director	$0	$0	$0
JACKIE TAYLOR	DIRECTOR	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
2024	$36,848	$33,494	$113,527	$3,354
2023	$-446	$37,073	$110,173	$-37,519
2022	$35,219	$39,388	$147,692	$-4,169
2021	$64,649	$39,765	$151,861	$24,884
2020	$23,217	$41,295	$126,977	$-18,078
2019	$37,441	$37,383	$145,055	$58

JERRY DRACE EVANGELISTIC ASSOC INC