GRACE PLACE LEARNING CENTER

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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

2015

Legal Domicile

Principal Officer

Julie Bierly

Phone

5036871607

Tax Period

2023-01-01 to 2023-12-31

GRACE PLACE LEARNING CENTER, founded in 2015, is a small nonprofit in the Education sector that reported $501K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

GPLC IS AN ANSWER TO THE NEED FOR QUALITY CHILD CARE AND EDUCATION FOR CHILDREN AGES 6 WEEKS TO 12 YEARS IN THE YAMHILL COUNTY COMMUNITY SO PARENTS CAN BE GAINFULLY EMPLOYED. WE ARE A PRIVATE CHRISTIAN CHILD CARE CENTER OPEN TO THE PUBLIC 5 DAYS A WEEK FROM 7AM TO 6PM

Program Service Accomplishments

Program 1

Expenses: $506,673 Revenue: $341,980

ALL OTHER ACCOMPLISHMENTS THE ORGANIZATION IS EXEMPT UNDER IRS SECTION 501(C)(3) AND 501 (K) AS AN EDUCATIONAL DAY CARE FACILITY FOR THE CONVEINCE OF WORKING PARENTS. GRACE PLACE LEARNING CENTER...

ALL OTHER ACCOMPLISHMENTS THE ORGANIZATION IS EXEMPT UNDER IRS SECTION 501(C)(3) AND 501 (K) AS AN EDUCATIONAL DAY CARE FACILITY FOR THE CONVEINCE OF WORKING PARENTS. GRACE PLACE LEARNING CENTER PROVIDES 11 HOURS A DAY, FIVE DAYS PER WEEK SERVICE FOR CHILDREN SIX WEEKS TO 12 YEARS OF AGE IN OUR COMMUNITY; PLACING AN EMPHASIS UPON LEARNING AND CREATING AN ATMOSPHERE OF FAMILY FOR CHILDREN OF WORKING FAMILIES. OUR MISSION IS TO PROVIDE EVERY CHILD WITH A CHRISTIAN FAITH BASED CHILDHOOD EXPREIENCE AND THE AWARENESS THAT THEY ARE UNCONDITIONALLY LOVED. ALONG THIS JOURNEY, WE STRIVE TO CREATE A SAFE, NURTURING AND DEVELOPMENTLALY APPROPRIATE ENVIRONMENT. WE SUPPORT A "WHOLE CHILD" PHILOSPHY WHICH INCLUDES LIVING OUT EACH DAY FOSTERING EMOTIONAL WELL BEING.

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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 $159,084

Program Service Revenue $341,980

Investment Income $0

Other Revenue $0

TOTAL REVENUE $501,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $291,562

Fundraising Expenses $0

Program Expenses $506,673

Other Expenses $215,111

TOTAL EXPENSES $506,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$501,064	$605,427	-0.2%
Expenses	$506,673	$333,069	+0.5%
Net Income	$-5,609	$272,358	-1.0%

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

Independent Members

N/A

Employees

Volunteers

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

$92,341

Total Directors

$49,348

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amy Conover	Treasurer	5	Officer	$85,773	$0	$85,773
Ashley Payne	Executive Director	40	Director	$49,348	$0	$49,348
Salley Kennedy	Board Member	10	Officer	$6,568	$0	$6,568
Richard Moore	Vice Chair	2	Officer	$0	$0	$0
Julie Bierly	Chair	10	Officer	$0	$0	$0
Meridith Olds	Board Member	2	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
2023	$501,064	$506,673	$291,193	$-5,609