Grace Apostolic Church (EIN 461126636) - 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

David E Johnson

Phone

6128241086

Tax Period

2024-01-01 to 2024-12-31

Grace Apostolic Church, founded in 2012, is a small nonprofit in the Religion sector that reported $659K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 20% operating margin.

Mission

To rescue lost souls and empower them to transition from sin to salvation while equipping Gods Peaple to be effective disciples

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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 $538,529

Program Service Revenue $0

Investment Income $0

Other Revenue $120,000

TOTAL REVENUE $658,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $209,803

Fundraising Expenses $0

Program Expenses $33,610

Other Expenses $315,441

TOTAL EXPENSES $525,244

Year-over-Year Comparison

	2024	2023	Change
Revenue	$658,529	$502,068	+0.3%
Expenses	$525,244	$609,313	-0.1%
Net Income	$133,285	$-107,245	-2.2%

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

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

$82,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID E JOHNSON	Pastor	40.00	Director	$82,300	$0	$82,300
TAWANNA BLACK	Trustees	4.00	Director	$0	$0	$0
DEACON ERIC BLACK	Board Chairman	4.00	Director	$0	$0	$0
ELDER EARL MILLER	Trustee	4.00	Director	$0	$0	$0
LADY TESA F JOHNSON	Trustee	5.00	Director	$0	$0	$0
SISTER CHANEL EDWARDS	Board Secretary	5.00	Director	$0	$0	$0
KYLE JETER	Baord Member	3.00	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	$658,529	$525,244	$1,880,640	$133,285
2023	$502,068	$609,313	$1,458,846	$-107,245
2022	$1,057,734	$871,344	$1,771,258	$186,390
2021	$434,466	$326,161	$1,807,649	$108,305
2020	$292,423	$292,423	$1,276,676	No data
2019	$353,621	$274,377	$1,093,615	$79,244
2018	$303,592	$264,391	$1,010,363	$39,201

Grace Apostolic Church