Grace Covenant Academy (EIN 270533151) - 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

2009

Legal Domicile

Principal Officer

Brian P Smith

Phone

4697346466

Tax Period

2024-06-01 to 2025-05-31

Grace Covenant Academy, founded in 2009, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 11% surplus.

Mission

To assist and coach Christian parents in educating their children in a gospelcentered academically excellent environment teaching students to view all things through Gods Word cultivate a love for Him apply His truth and make His name known in the world

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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 (2024)

Revenue Breakdown

Contributions & Grants $91,304

Program Service Revenue $1,626,169

Investment Income $290

Other Revenue $0

TOTAL REVENUE $1,717,763

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,117,148

Fundraising Expenses $4,521

Program Expenses $1,368,894

Other Expenses $418,249

TOTAL EXPENSES $1,535,397

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,717,763	$1,376,173	+0.2%
Expenses	$1,535,397	$1,415,152	+0.1%
Net Income	$182,366	$-38,979	-5.7%

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

N/A

Employees

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

$162,813

Total Directors

$168,005

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY SMITH	Secretary	40.00	Officer Director	$64,948	$26,183	$91,131
BRIAN P SMITH	President	40.00	Officer Director	$68,028	$3,654	$71,682
JOHN S EIBEL	Board Member	10.00	Director	$5,192	$0	$5,192

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	$1,717,763	$1,535,397	$312,858	$182,366
2024	$1,376,173	$1,415,152	$124,263	$-38,979
2024	$1,717,763	$1,535,397	$312,858	$182,366
2023	$1,412,689	$1,382,212	$186,888	$30,477
2022	$1,140,162	$1,032,340	$154,195	$107,822
2021	$905,888	$839,587	$151,771	$66,301
2020	$861,875	$847,987	$179,258	$13,888
2019	$862,031	$851,115	$207,654	$10,916

Grace Covenant Academy