Grace Schools (EIN 350868095) - 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

1948

Legal Domicile

Phone

5743725100

Tax Period

2024-08-01 to 2025-07-31

Grace Schools, founded in 1948, is a major nonprofit in the Education sector that reported $103.0M in total revenue in fiscal year 2024. Revenue surged 1868% from the prior year, signaling strong growth momentum. The organization ran a surplus of $35.8M, a strong 35% operating margin.

Mission

GRACE COLLEGE AND SEMINARY STRIVES TO BE AN EVANGELICAL CHRISTIAN COMMUNITY OF HIGHER EDUCATION.

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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 $38,231,850

Program Service Revenue $62,554,802

Investment Income $1,939,346

Other Revenue $266,242

TOTAL REVENUE $102,992,240

Expense Breakdown

Grants Paid $21,579,488

Salaries & Benefits $20,104,327

Fundraising Expenses $895,778

Program Expenses $56,680,423

Other Expenses $25,467,602

TOTAL EXPENSES $67,180,744

Year-over-Year Comparison

	2024	2023	Change
Revenue	$102,992,240	$5,234,116	+18.7%
Expenses	$67,180,744	$9,115,272	+6.4%
Net Income	$35,811,496	$-3,881,156	-10.2%

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

1160

Volunteers

300

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

$463,808

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR DANIEL W RENNER	CHAIR	1.0	Officer Director	$0	$0	$0
MR SETH NASH	VICE CHAIR	1.0	Officer Director	$0	$0	$0
MS JANINE ZELTWANGER	SECRETARY	1.0	Officer Director	$0	$0	$0
DR KAREN WHITE	TRUSTEE	1.0	Director	$0	$0	$0
MR CORY COLMAN	TRUSTEE	1.0	Director	$0	$0	$0
MR DANIEL SANDOVAL	TRUSTEE	1.0	Director	$0	$0	$0
MR GREG DOSMANN	TRUSTEE	1.0	Director	$0	$0	$0
MR JAMES GRADY	TRUSTEE	1.0	Director	$0	$0	$0
MR JONATHON ALLEN	TRUSTEE	1.0	Director	$0	$0	$0
MR KEITH MINIER	TRUSTEE	1.0	Director	$0	$0	$0
MR LAMARR LARK	TRUSTEE	1.0	Director	$0	$0	$0
MR LOREN NEUENSCHWANDER	TRUSTEE	1.0	Director	$0	$0	$0
MR MATT ABERNETHY	TRUSTEE	1.0	Director	$0	$0	$0
MR MIKE YODER	TRUSTEE	1.0	Director	$0	$0	$0
MR QUENTIN BLACKFORD	TRUSTEE	1.0	Director	$0	$0	$0
MR RANDY LAKE	TRUSTEE	1.0	Director	$0	$0	$0
MR ROBERT BISHOP	TRUSTEE	1.0	Director	$0	$0	$0
MR SCOTT SILVEUS	ASSISTANT SECRETARY	1.0	Director	$0	$0	$0
MRS JENN AVEY	TRUSTEE	1.0	Director	$0	$0	$0
MRS JESSICA BRICKER	TRUSTEE	1.0	Director	$0	$0	$0
MRS LETITIA WILLIAMS	TRUSTEE	1.0	Director	$0	$0	$0
MS PHYLLIS MARWAH	TRUSTEE	1.0	Director	$0	$0	$0
REV ADAM COPENHAVER	TRUSTEE	1.0	Director	$0	$0	$0
REV KIP CONE	TRUSTEE	1.0	Director	$0	$0	$0
DR ANDREW FLAMM	PRESIDENT OF GRACE COLLEGE	40.0	Officer	$273,581	$25,142	$298,723
MR DOUG BAUMGARDNER	CFO	40.0	Officer	$155,378	$9,707	$165,085
DR KEVIN ROBERTS	VP ACADEMIC AFFAIRS/PROVOST	40.0	Highest	$176,168	$9,749	$185,917
DR NATHAN BOSCH	DIRECTOR LCFLS	40.0	Highest	$168,158	$9,202	$177,360
DR ROGER STICHTER	PROF OF ACCOUNTING & FINANCE	40.0	Highest	$143,944	$8,061	$152,005
DR TIM ZIEBARTH	DEAN OF ONLINE EDUCATION	40.0	Highest	$161,805	$10,116	$171,921
DR TRENT LAMBERT	DIRECTOR OF THE CENTER FOR THRIVING LEADERS	40.0	Highest	$145,417	$6,274	$151,691

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	$102,992,240	$67,180,744	$128,905,473	$35,811,496
2024	No data	No data	No data	No data
2024	$68,609,939	$63,019,377	$91,468,346	$5,590,562
2023	$65,010,659	$61,412,478	$85,935,849	$3,598,181
2022	$64,762,648	$57,268,723	$83,215,559	$7,493,925
2021	$54,935,662	$53,545,999	$81,086,720	$1,389,663
2020	$51,027,031	$52,248,694	$78,967,749	$-1,221,663
2019	$49,643,446	$52,647,573	$77,353,144	$-3,004,127
2018	$53,616,565	$51,728,901	$77,334,763	$1,887,664

Grace Schools