GRACE FOUNDATION INC OF ALBERT LEA (EIN 411448611) - 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

1982

Legal Domicile

Principal Officer

BRUCE OLSON

Phone

5073736496

Tax Period

2024-01-01 to 2024-12-31

GRACE FOUNDATION INC OF ALBERT LEA, founded in 1982, is a micro nonprofit that reported $50K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9K, a strong 18% operating margin.

Mission

SUPPORT OF CHURCH & MINISTRY

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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 $250

Program Service Revenue $0

Investment Income $22,904

Other Revenue $27,329

TOTAL REVENUE $50,483

Expense Breakdown

Grants Paid $38,321

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,321

Other Expenses $2,976

TOTAL EXPENSES $41,297

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,483	$38,300	+0.3%
Expenses	$41,297	$41,532	0.0%
Net Income	$9,186	$-3,232	-3.8%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL ANDERSEN	DIRECTOR	N/A	Director	$0	$0	$0
JERRY DAHL	DIRECTOR	N/A	Director	$0	$0	$0
ROY PAGE	DIRECTOR	N/A	Director	$0	$0	$0
DALE BUENDORF	SECRETARY	N/A	Officer	$0	$0	$0
KAREN HENDRICKSON	VICE CHAIR	N/A	Officer	$0	$0	$0
BRUCE OLSON	CHAIR	N/A	Officer	$0	$0	$0
STEVE SCHULTZ	BOARD TREASU	N/A	Officer	$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	$50,483	$41,297	$1,909,200	$9,186
2023	$38,300	$41,532	$1,601,286	$-3,232
2022	$40,719	$35,211	$1,385,091	$5,508
2021	$51,205	$46,608	$1,402,593	$4,597
2020	$39,344	$91,101	$1,387,002	$-51,757
2019	$49,084	$42,038	$1,470,895	$7,046
2018	$41,320	$43,882	$1,459,818	$-2,562

GRACE FOUNDATION INC OF ALBERT LEA