GRACE UNIVERSITY (EIN 470384159) - 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

1943

Legal Domicile

Principal Officer

MICHAEL GODING

Phone

4026767617

Tax Period

2020-07-01 to 2021-06-30

GRACE UNIVERSITY, founded in 1943, is a micro nonprofit that reported $14K in total revenue in fiscal year 2020. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 10833% operating deficit.

Mission

GRACE UNIVERSITY EXISTS TO DEVELOP LEADERS FOR THE HOME, THE CHURCH, AND THE WORLD THROUGH EXCELLENCE IN BIBLICALLY-INTEGRATED EDUCATION AND THROUGH LIFE CHANGE IN A PERSONAL, DISCIPLING ENVIRONMENT, ALL FOR THE GLORY 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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $2,271

Other Revenue $11,824

TOTAL REVENUE $14,095

Expense Breakdown

Grants Paid $1,500,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,500,000

Other Expenses $40,983

TOTAL EXPENSES $1,540,983

Year-over-Year Comparison

	2020	2019	Change
Revenue	$14,095	$47,219	-0.7%
Expenses	$1,540,983	$237,892	+5.5%
Net Income	$-1,526,888	$-190,673	+7.0%

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

N/A

Independent Members

N/A

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

$28,925

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL GODING	CEO	15.00	Officer	$28,925	$0	$28,925

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
2021	$14,095	$1,540,983	$1,715,138	$-1,526,888
2020	$47,219	$237,892	$3,680,521	$-190,673
2019	$180,031	$180,031	$5,102,543	No data
2018	$5,583,064	$7,380,021	$4,373,093	$-1,796,957

GRACE UNIVERSITY