GRACE COUNSELING INC (EIN 274401270) - 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

2011

Legal Domicile

Principal Officer

MICHAEL KRAGT

Phone

7204898555

Tax Period

2024-01-01 to 2024-12-31

GRACE COUNSELING INC, founded in 2011, is a community nonprofit in the Mental Health sector that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE COUNSELING, PSYCHIATRIC, EDUCATIONAL AND CONSULTATION SERVICES TO INDIVIDUALS, FAMILIES, CHURCHES, RELIGIOUS ORGANIZATIONS AND BUSINESSES. GRACE COUNSELING, INC. IS A CHRISTIAN COUNSELING CENTER OFFERING EXCELLENCE IN A FULL RANGE OF CLINICAL SERVICES AND FAMILY COUNSELING. GRACE COUNSELING STRIVES TO PROVIDE EXCEPTIONAL CARE IN A COMPASSIONATE ENVIRONMENT FOR EVERY CLIENT. OUR DEDICATED TEAM OF PROFESSIONALS SEEKS TO STRENGTHEN, EDUCATE, AND BRING HEALING TO OUR CLIENTS AND THEIR FAMILIES.

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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 $71,531

Program Service Revenue $952,123

Investment Income $975

Other Revenue $0

TOTAL REVENUE $1,024,629

Expense Breakdown

Grants Paid $0

Salaries & Benefits $812,034

Fundraising Expenses $13,973

Program Expenses $740,651

Other Expenses $207,737

TOTAL EXPENSES $1,019,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,024,629	$1,481,118	-0.3%
Expenses	$1,019,771	$1,505,131	-0.3%
Net Income	$4,858	$-24,013	-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

$210,981

Total Directors

$210,981

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL KRAGT	EXECUTIVE DI	40.00	Officer Director	$0	$0	$210,981
ROBERT GIBSON	THERAPIST	40.00	Highest	$0	$0	$129,909
REBECCA BARRICK	MEMBER	2.00	Director	$0	$0	$0
STEVE BOWENS	MEMBER	2.00	Director	$0	$0	$0
DEB BUTTE	SECRETARY	2.00	Director	$0	$0	$0
SHERRIE FARRELL	TREASURER	2.00	Officer Director	$0	$0	$0
DAVE PALMER	CHAIRMAN OF	2.00	Officer Director	$0	$0	$0
BARB ROBERTS	MEMBER	2.00	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	$1,024,629	$1,019,771	$1,181,536	$4,858
2023	$1,481,118	$1,505,131	$1,217,673	$-24,013
2022	$1,621,880	$1,782,362	$1,274,909	$-160,482
2021	$1,698,649	$1,487,872	$1,530,585	$210,777
2020	$1,267,494	$1,327,023	$266,839	$-59,529
2019	$1,217,420	$1,190,173	$142,637	$27,247
2018	$1,144,571	$1,163,136	$129,128	$-18,565

GRACE COUNSELING INC