GRACE ACADEMY OF KERRVILLE

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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

DITE STEINRUCK

Phone

8304591165

Tax Period

2024-07-01 to 2025-06-30

GRACE ACADEMY OF KERRVILLE, founded in 2010, is a small nonprofit in the Education sector that reported $210K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $191K left a modest 9% surplus.

Mission

IN AN ACADEMIC SETTING, WE EXIST AS PARENTS UNITED IN GODS LOVE TO ACTIVELY PARTICIPATE IN INSTRUCTING OUR CHILDREN IN THE KNOWLEDGE OF JESUS AND GOD'S WISDOM.

Program Service Accomplishments

Program 1

Expenses: $182,701

PROVIDE AN ACADEMIC PROGRAM THAT HAS GRADUATED STUDENTS WITH HONORS AND COLLEGE PREP. THE SCHOOL PROVIDES DUAL CREDIT CLASSES THROUGH ALAMO COMMUNITY COLLEGE AND SERVES 70-75 STUDENTS IN THE COMMUNITY

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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 $37,584

Program Service Revenue $142,051

Investment Income $9,069

Other Revenue $21,369

TOTAL REVENUE $210,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,469

Fundraising Expenses $0

Program Expenses $182,701

Other Expenses $63,533

TOTAL EXPENSES $190,852

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,073	$229,025	-0.1%
Expenses	$190,852	$208,550	-0.1%
Net Income	$19,221	$20,475	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZACH BELEW	DIRECTOR	N/A	Director	$0	$0	$0
DANIEL BRYANT	DIRECTOR	N/A	Director	$0	$0	$0
JIMMY CARPENTER	SECRETARY/TR	N/A	Director	$0	$0	$0
SCOTT CARPENTER	DIRECTOR	N/A	Director	$0	$0	$0
JOHN LETZ	DIRECTOR	N/A	Director	$0	$0	$0
JOEL MALM	DIRECTOR	N/A	Director	$0	$0	$0
TITUS SMITH	DIRECTOR	N/A	Director	$0	$0	$0
DITE STEINRUCK	PRESIDENT	N/A	Officer	$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
2025	$210,073	$190,852	$213,381	$19,221
2024	$229,025	$208,550	$194,160	$20,475
2023	$320,851	$202,675	$184,661	$118,176
2022	$174,874	$154,885	$68,016	$19,989
2021	$107,768	$97,130	$41,493	$10,638
2020	$146,496	$197,757	$28,770	$-51,261
2019	$250,117	$259,174	$54,567	$-9,057