GRACE CHRISTIAN ACADEMY (EIN 372010873) - 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

2021

Legal Domicile

Principal Officer

JIM BLEEKER

Phone

6162900422

Tax Period

2024-01-01 to 2024-08-31

GRACE CHRISTIAN ACADEMY, founded in 2021, is a community nonprofit in the Education sector that reported $7.4M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.0M, a strong 68% operating margin.

Mission

TO INSTRUCT STUDENTS IN A PRIVATE SCHOOL SETTING, PROVIDING EDUCATIONAL PROGRAMS GRADES PRE-K THROUGH 12TH. TEACHING IS BASED ON PRINICIPLES OF THE WORD OF GOD.

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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 $5,359,338

Program Service Revenue $1,721,943

Investment Income $214,304

Other Revenue $64,303

TOTAL REVENUE $7,359,888

Expense Breakdown

Grants Paid $19,603

Salaries & Benefits $1,706,257

Fundraising Expenses $0

Program Expenses $1,997,762

Other Expenses $657,520

TOTAL EXPENSES $2,383,380

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,359,888	$6,379,887	+0.2%
Expenses	$2,383,380	$2,222,266	+0.1%
Net Income	$4,976,508	$4,157,621	+0.2%

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

Total Directors

Key Employees

$204,277

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN ENGELSMA	PRESIDENT	5	Officer Director	$0	$0	$0
TIM POLS	VICE PRESIDENT	5	Officer Director	$0	$0	$0
A FINTELMAN	SECRETARY	5	Officer Director	$0	$0	$0
JIM BLEEKER	TREASURER	5	Officer Director	$0	$0	$0
N ENGLESMA	DIRECTOR	5	Director	$0	$0	$0
JARED KAMP	DIRECTOR	5	Director	$0	$0	$0
TIM KWEKEL	DIRECTOR	5	Director	$0	$0	$0
ANDY VANBEEK	DIRECTOR	5	Director	$0	$0	$0
DICK WESTRATE	DIRECTOR	5	Director	$0	$0	$0
JAMES BAZEN	ADMINISTRATOR	40	Key Emp	$79,815	$14,581	$94,396
DEL DEUR	OPERATIONS	40	Key Emp	$40,000	$0	$40,000
M BILKES	ADMINISTRATOR	40	Key Emp	$64,913	$4,968	$69,881

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	$7,359,888	$2,383,380	$9,631,301	$4,976,508
2023	$6,379,887	$2,222,266	$4,750,466	$4,157,621
2022	$1,213,121	$1,376,937	$575,739	$-163,816
2021	$1,136,482	$738,046	$515,001	$398,436

GRACE CHRISTIAN ACADEMY