GRACE LIFE MINISTRIES

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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

2003

Legal Domicile

Principal Officer

JOHN DUBOSE

Tax Period

2020-01-01 to 2020-12-31

GRACE LIFE MINISTRIES, founded in 2003, is a micro nonprofit in the Religion sector that reported $38K in total revenue in fiscal year 2020. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $7K, a strong 19% operating margin.

Mission

TO EDUCATE & SUPPORT EXISTING PASTORS AND CHURCHES THROUGHOUT HONDURAS, CENTRAL AND SOUTH AMERICA. ALSO, TO PERFORM CONFERENCES, SEMINARS, AND REVIVALS IN SEVERAL COUNTRIES AROUND THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $28,375

GRACE LIFE MINISTRIES (GLM) SUPPORTS PASTORS THROUGHOUT HONDURAS AND THE NEIGHBORING COUNTRIES OF CENTRAL AMERICA THROUGH BIBLE INSTITUTES THAT TEACH MINISTERS ON A COLLEGE LEVEL UP TO BACHELORS...

GRACE LIFE MINISTRIES (GLM) SUPPORTS PASTORS THROUGHOUT HONDURAS AND THE NEIGHBORING COUNTRIES OF CENTRAL AMERICA THROUGH BIBLE INSTITUTES THAT TEACH MINISTERS ON A COLLEGE LEVEL UP TO BACHELORS DEGREES. ALSO GLM BRINGS IN TEAMS FROM CHURCHES ACROSS THE US TO DO MEDICAL TEAMS, CONSTRUCTION TEAMS, EVANGELISM TEAMS AND TEAMS TO GIVE OUT TOYS AND SCHOOL SUPPLIES FOR CHILDREN, PROVIDE HYGIENE SUPPLIES AND OTHER RESOURCES TO FAMILIES ACROSS HONDURAS, GUATEMALA AND NICARAGUA. DURING THE COVID-19 PANDEMIC GLM IS PROVIDING FOOD AND OTHER SUPPLIES TO FAMILIES IN AS MANY AREAS A POSSIBLE IN HONDURAS BECAUSE OF THE SHUT DOWN.

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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 $37,534

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $37,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $28,375

Other Expenses $30,478

TOTAL EXPENSES $30,478

Year-over-Year Comparison

	2020	2019	Change
Revenue	$37,534	$40,371	-0.1%
Expenses	$30,478	$27,252	+0.1%
Net Income	$7,056	$13,119	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE WILSON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
EDITH DUBOSE	SECRETARY	10.00	Officer	$0	$0	$0
JOHN DUBOSE	PRESIDENT	10.00	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
2020	$37,534	$30,478	$61,714	$7,056
2019	$40,371	$27,252	$58,251	$13,119