Independence Through GRACE Foundation (EIN 455228488) - 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

2012

Legal Domicile

Principal Officer

Catherine Waldon

Phone

6617478570

Tax Period

2024-04-01 to 2025-03-31

Independence Through GRACE Foundation, founded in 2012, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $310K, a strong 27% operating margin.

Mission

Our mission is to provide programs and services for adults with intellectual and development disabilities that center on each participant's inherent God-given value and empower them to live with independence.

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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 $577,886

Program Service Revenue $525,457

Investment Income $53,645

Other Revenue $0

TOTAL REVENUE $1,156,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $580,798

Fundraising Expenses $6,735

Program Expenses $580,485

Other Expenses $266,061

TOTAL EXPENSES $846,859

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,156,988	$770,874	+0.5%
Expenses	$846,859	$641,923	+0.3%
Net Income	$310,129	$128,951	+1.4%

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

N/A

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

$79,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Butler	Executive Dir.	40.00	Director	$79,200	$0	$79,200
Baylie Scott	Director of Program Deveopent	40.00		$51,318	$0	$51,318
Alyssa Johnson	Director of Organizational Developm	30.00		$33,783	$0	$33,783
Shawn Kelly	Director	0.00	Director	$0	$0	$0
Lori Kelly	Director	0.00	Director	$0	$0	$0
Bryan Lynn	Director	0.00	Director	$0	$0	$0
Ken Beurmann	Director	0.00	Director	$0	$0	$0
Catherine Waldon	President	10.00	Officer	$0	$0	$0
Grover Waldon	Secretary	0.00	Officer	$0	$0	$0
Joshua Waldon	Treasurer	0.00	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
2025	$1,156,988	$846,859	$1,541,972	$310,129
2024	$770,874	$641,923	$1,240,928	$128,951
2022	$358,776	$171,329	$921,656	$187,447
2021	$262,830	$111,029	$733,999	$151,801
2020	$229,371	$149,817	$582,498	$79,554
2019	$232,005	$145,798	$502,432	$86,207

Independence Through GRACE Foundation