Grace Place Ministries Inc (EIN 470873877) - 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

2002

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Grace Place Ministries Inc, founded in 2002, is a small nonprofit in the Mental Health sector that reported $222K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $212K left a modest 5% surplus.

Mission

Minister the gospel of Jesus Christ through preaching and acts of benevolence to the needy with a focus on restoring women to healthy, happy and safe lives

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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 (2023)

Revenue Breakdown

Contributions & Grants $221,553

Program Service Revenue $0

Investment Income $4

Other Revenue $0

TOTAL REVENUE $221,557

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,769

Fundraising Expenses $0

Program Expenses $211,508

Other Expenses $160,739

TOTAL EXPENSES $211,508

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,557	$297,521	-0.3%
Expenses	$211,508	$398,515	-0.5%
Net Income	$10,049	$-100,994	-1.1%

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

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
J Lawrence Mullens	Board Member	2.00	Director	$0	$0	$0
Sharon Wood	Board Member	2.00	Director	$0	$0	$0
Ramona Gates	Secretary Treasurer	2.00	Officer Director	$0	$0	$0
Ann Angell	President	2.00	Officer Director	$0	$0	$0
Fred Caldwell Jr	Vice President	2.00	Officer Director	$0	$0	$0
Misty Loe	Executive Director	40.00	Key Emp	$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	No data	No data	No data	No data
2023	$221,557	$211,508	$268,779	$10,049
2022	$297,521	$398,515	$258,228	$-100,994
2021	$228,974	$181,041	$333,004	$47,933

Grace Place Ministries Inc