SHORES OF GRACE MINISTRIES (EIN 273022828) - 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

2010

Legal Domicile

Principal Officer

NICHOLAS BILLMAN

Phone

6156476274

Tax Period

2023-01-01 to 2023-12-31

SHORES OF GRACE MINISTRIES, founded in 2010, is a community nonprofit in the Religion sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $901K left a modest 12% surplus.

Mission

TO LOVE GOD WITH OUR WHOLE SELVES, AND BY HIS LOVE, TO RESCUE AND RESTORE INDIVIDUALS AND FAMILIES WHO HAVE BEEN WOUNDED BY PROSTITUTION, ABUSE, ABANDONMENT AND POVERTY IN SOUTH AMERICA AND 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 (2023)

Revenue Breakdown

Contributions & Grants $1,022,031

Program Service Revenue $0

Investment Income $2,076

Other Revenue $4,701

TOTAL REVENUE $1,028,808

Expense Breakdown

Grants Paid $554,191

Salaries & Benefits $177,866

Fundraising Expenses $10,633

Program Expenses $833,512

Other Expenses $168,815

TOTAL EXPENSES $900,872

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,028,808	$678,712	+0.5%
Expenses	$900,872	$778,939	+0.2%
Net Income	$127,936	$-100,227	-2.3%

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

100

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

$97,020

Total Directors

$144,434

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS BILLMAN	DIRECTOR/PRE	40.00	Officer Director	$67,020	$0	$67,020
LUKE BILLMAN	DIRECTOR	40.00	Director	$47,414	$0	$47,414
MARGARET BILLMAN	DIRECTOR/TRE	20.00	Officer Director	$30,000	$0	$30,000
FRANK BILLMAN	DIRECTOR	1.00	Director	$0	$0	$0
BECKY BURLESON	DIRECTOR/SEC	1.00	Officer Director	$0	$0	$0
BRIAN CONNOLLY	DIRECTOR	1.00	Director	$0	$0	$0
DAN DESKINS	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY FEIGHT	DIRECTOR	1.00	Director	$0	$0	$0
ALAN HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
KRIS KING	DIRECTOR	1.00	Director	$0	$0	$0
TRACY KING	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT KISKER	DIRECTOR	1.00	Director	$0	$0	$0
TRACEE LOOSLE	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$1,028,808	$900,872	$269,329	$127,936
2022	$678,712	$778,939	$150,470	$-100,227
2021	$871,738	$829,637	$247,838	$42,101
2020	$718,910	$618,275	$200,564	$100,635
2019	$621,451	$737,385	$105,233	$-115,934
2018	$766,714	$768,578	$213,568	$-1,864

SHORES OF GRACE MINISTRIES