GRACE ONE

EIN: 472434664 501(c)(3) Human Services

TROY, MI

Total Revenue
$300,376
Total Expenses
$299,572
Total Assets
$8,914
Net Assets
$8,914
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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
2016
Legal Domicile
MI
Principal Officer
FR MINA ESSAK
Tax Period
2024-01-01 to 2024-12-31

GRACE ONE, founded in 2016, is a small nonprofit in the Human Services sector that reported $300K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

CHARITABLE ORGANIZATION. PROVIDING MONTHLY FINANCIAL ASSISTANT TO CHILDREN AND THEIR FAMILIES WHO ARE FACING CHALLENGING ECONOMIC PERIODS.

Program Service Accomplishments

Program 1

CHARITABLE ORGANIZATION. PROVIDING MONTHLY FINANCIAL ASSISTANT TO CHILDREN AND THEIR FAMILIES WHO ARE FACING CHALLENGING ECONOMIC PERIODS.

Program 2

CHARITABLE ORGANIZATION. PROVIDING MONTHLY FINANCIAL ASSISTANT TO CHILDREN AND THEIR FAMILIES WHO ARE FACING CHALLENGING ECONOMIC PERIODS.

Program 3

N/A

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $300,376
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $300,376

Expense Breakdown

Grants Paid $298,851
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $299,572
Other Expenses $721
TOTAL EXPENSES $299,572

Year-over-Year Comparison

2024 2023 Change
Revenue $300,376 $331,200 -0.1%
Expenses $299,572 $344,803 -0.1%
Net Income $804 $-13,603 -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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FR MINA ESSAK PRESIDENT N/A
Officer
$0 $0 $0
MAGED MICHAIL SECERTARY N/A
Officer
$0 $0 $0
RAOUF SALIB TREASURER N/A
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 No data No data No data No data
2024 $300,376 $299,572 $8,914 $804
2023 $331,200 $344,803 $8,112 $-13,603
2022 $440,000 $421,960 $21,715 $18,040
2021 $248,000 $252,659 $3,675 $-4,659
2020 $267,500 $266,595 $8,334 $905
2019 $288,786 $282,372 No data $6,414
2018 $240,245 $248,836 $1,015 $-8,591
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