CELEBRATING GRACE INC (EIN 270654208) - 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

J THOMAS MCAFEE III

Phone

8775507707

Tax Period

2023-01-01 to 2023-12-31

CELEBRATING GRACE INC, founded in 2009, is a community nonprofit in the Religion sector that reported $2.1M in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROMOTE CHRISTIAN CONGREGATIONAL WORSHIP, CONGREGATIONAL SINGING, AND EDUCATION.

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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 $890,085

Program Service Revenue $2,737

Investment Income $61,317

Other Revenue $1,097,689

TOTAL REVENUE $2,051,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,509,857

Fundraising Expenses $0

Program Expenses $1,357,688

Other Expenses $945,790

TOTAL EXPENSES $2,455,647

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,051,828	$3,499,580	-0.4%
Expenses	$2,455,647	$1,399,254	+0.8%
Net Income	$-403,819	$2,100,326	-1.2%

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

$561,616

Total Directors

$76,803

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J THOMAS MCAFEE III	PRESIDENT	20.00	Officer Director	$75,000	$0	$75,000
BILLY ORTON	BOARD MEMBER	0.00	Director	$0	$0	$0
DAVID SAPP	BOARD MEMBER	0.00	Director	$0	$0	$0
CHARLES SCHAIBLE	BOARD MEMBER	0.00	Director	$0	$0	$0
MARK EDWARDS	BOARD MEMBER	5.00	Director	$1,803	$0	$1,803
SALLY RILEY	VICE PRESIDENT, TREASURER	40.00	Officer	$142,385	$0	$142,385
ASHLEY GRISHAM	VICE PRESIDENT	40.00	Officer	$144,231	$0	$144,231
DALE MATTHEWS	VICE PRESIDENT	40.00	Officer	$200,000	$0	$200,000

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	$2,051,828	$2,455,647	$5,908,683	$-403,819
2022	$3,499,580	$1,399,254	$6,134,922	$2,100,326
2021	$800,976	$714,489	$3,084,830	$86,487
2020	$707,377	$849,086	$2,947,533	$-141,709
2019	$1,148,591	$833,480	$2,952,372	$315,111
2018	$1,040,699	$837,994	$2,632,699	$202,705

CELEBRATING GRACE INC