GRACE ADVENTURES INC (EIN 273969386) - 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

MICHAEL SPRAGUE

Phone

9855024265

Tax Period

2025-01-01 to 2025-12-31

GRACE ADVENTURES INC, founded in 2010, is a small nonprofit in the Religion sector that reported $245K in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

PRIMARY EXEMPT PURPOSE: A MINISTRY THAT ENGAGES, REACHES AND DEPLOYS BUSINESS, POLITICAL AND SPIRITUAL LEADERS FOR THE CAUSE OF CHRIST THROUGH BIBLE STUDIES, TEACHING/PREACHING AND MENTORING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $237,223

Program Service Revenue $0

Investment Income $7,505

Other Revenue $653

TOTAL REVENUE $245,381

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,175

Fundraising Expenses $0

Program Expenses $191,089

Other Expenses $83,309

TOTAL EXPENSES $238,484

Year-over-Year Comparison

	2025	2024	Change
Revenue	$245,381	$224,287	+0.1%
Expenses	$238,484	$204,956	+0.2%
Net Income	$6,897	$19,331	-0.6%

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

$155,175

Total Directors

$150,210

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SPRAGUE	PRESIDENT/DI	40.00	Officer Director	$115,000	$35,210	$150,210
DONNA SPRAGUE	SECRETARY/TR	8.00	Officer	$4,965	$0	$4,965
GREG BECK	BOARD MEMBER	0.10	Director	$0	$0	$0
EARL BOLLINGER	BOARD MEMBER	0.10	Director	$0	$0	$0
SCOTT BOUDREAUX	BOARD MEMBER	0.10	Director	$0	$0	$0
JAMES MEIER	BOARD MEMBER	0.10	Director	$0	$0	$0
FRED MILLER	CHAIRMAN OF	0.10	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
2025	$245,381	$238,484	$438,301	$6,897
2024	No data	No data	No data	No data
2023	$197,218	$192,344	$349,411	$4,874
2022	$194,259	$192,597	$302,953	$1,662
2021	$206,043	$188,990	$342,864	$17,053
2020	$196,066	$181,281	$304,563	$14,785
2019	$196,838	$193,782	$282,859	$3,056
2018	$195,797	$182,131	$247,766	$13,666

GRACE ADVENTURES INC