FRIENDS OF GRACE (EIN 300154657) - 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

2004

Legal Domicile

Principal Officer

WILLIAM LUI

Phone

9493317277

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF GRACE, founded in 2004, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.0M left a modest 8% surplus.

Mission

To reach people with the gospel of Jesus Christ through missionary work and to support seminary study overseas

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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 $1,131,023

Program Service Revenue $0

Investment Income $926

Other Revenue $0

TOTAL REVENUE $1,131,949

Expense Breakdown

Grants Paid $908,760

Salaries & Benefits $36,000

Fundraising Expenses $0

Program Expenses $1,031,230

Other Expenses $92,548

TOTAL EXPENSES $1,037,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,131,949	$1,082,922	+0.0%
Expenses	$1,037,308	$1,243,701	-0.2%
Net Income	$94,641	$-160,779	-1.6%

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

$36,000

Total Directors

$36,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM LUI	President	30.00	Officer Director	$0	$0	$0
ADAM WONG	Vice President CFO	10.00	Officer Director	$0	$0	$0
ANTHONY WONG	Secretary	10.00	Officer Director	$0	$0	$0
STEPHEN TANG	Board member CEO	40.00	Officer Director	$36,000	$0	$36,000
AN LY	Board member	5.000	Director	$0	$0	$0
JOEL NGO	Board member	5.000	Director	$0	$0	$0
JOHNNEY LIN	Board member	5.000	Director	$0	$0	$0
ALEX NG	Board member	5.000	Director	$0	$0	$0
JACK CAO	Board member	5.000	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	$1,131,949	$1,037,308	$426,029	$94,641
2022	$1,082,922	$1,243,701	$331,388	$-160,779
2021	$1,313,563	$1,093,578	$492,167	$219,985
2020	$766,539	$700,837	$272,182	$65,702
2019	$923,310	$1,001,165	$206,480	$-77,855
2018	$945,078	$878,620	$284,335	$66,458

FRIENDS OF GRACE