FRIENDS OF GRACE

EIN: 300154657 501(c)(3) Health Care

Placentia, CA

Total Revenue
$1,131,949
Total Expenses
$1,037,308
Total Assets
$426,029
Net Assets
$426,029
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
CA
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 medical and dental treatments, English Bible training classes, theological training and to support seminary study at different parts of the world

Program Service Accomplishments

Program 1
Expenses: $1,031,230

Train and promote Biblical teaching to the public.

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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%)

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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

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Governance

Voting Members
9
Independent Members
9
Employees
1
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
4
$36,000
Total Directors
9
$36,000
Key Employees
0
$0
Highest Compensated
0
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
2025 No data No data No data No data
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
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