SPREAD OF GRACE MINISTRIES INCORPORATED (EIN 452227739) - 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

2011

Legal Domicile

Principal Officer

MICHAEL MIOSI

Phone

7172522046

Tax Period

2024-01-01 to 2024-12-31

SPREAD OF GRACE MINISTRIES INCORPORATED, founded in 2011, is a small nonprofit in the Religion sector that reported $373K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $85K, a strong 23% operating margin.

Mission

OUR GOAL IS TO TRAIN AND EQUIP NATIONAL PASTORS AND CHURCH LEADERS TO STUDY IN ORDER TO PREACH THE BIBLE THROUGH CONFERENCES AROUND THE WORLD.

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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 $367,326

Program Service Revenue $0

Investment Income $5,390

Other Revenue $0

TOTAL REVENUE $372,716

Expense Breakdown

Grants Paid $19,155

Salaries & Benefits $134,058

Fundraising Expenses $500

Program Expenses $198,984

Other Expenses $134,968

TOTAL EXPENSES $288,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$372,716	$290,351	+0.3%
Expenses	$288,181	$426,437	-0.3%
Net Income	$84,535	$-136,086	-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

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

$123,486

Total Directors

$123,486

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MIOSI	EXECUTIVE DI	40.00	Officer Director	$114,255	$9,231	$123,486
ROY ALLISON	OPERATIONS M	3.00	Director	$0	$0	$0
JEFFREY MILLER	TREASURER	2.00	Officer Director	$0	$0	$0
SCOTT BASOLO	MEMBER	4.00	Director	$0	$0	$0
RONALD BROWN	MEMBER	1.00	Director	$0	$0	$0
ANN DEICHMAN	MEMBER	1.00	Director	$0	$0	$0
JOSEPH FAUTH	MEMBER	4.00	Director	$0	$0	$0
LANCE FESSLER	MEMBER	10.00	Director	$0	$0	$0
DAVID WARFEL	MEMBER	1.00	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	$372,716	$288,181	$321,546	$84,535
2023	$290,351	$426,437	$237,011	$-136,086
2022	$446,229	$376,388	$373,097	$69,841
2021	$386,022	$279,751	$303,408	$106,271
2020	$307,118	$251,041	$197,137	$56,077
2019	$246,307	$174,541	$143,381	$71,766
2018	$136,790	$136,907	$71,013	$-117

SPREAD OF GRACE MINISTRIES INCORPORATED