Chains of Grace Inc

EIN: 474859287 501(c)(3) Crime & Legal

Midlothian, TX

Total Revenue
$139,270
Total Expenses
$110,719
Total Assets
$681,525
Net Assets
$520,433
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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
TX
Principal Officer
Mike Marshall
Phone
9727401917
Tax Period
2024-01-01 to 2024-12-31

Chains of Grace Inc, founded in 2015, is a small nonprofit in the Crime & Legal sector that reported $139K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $29K, a strong 21% operating margin.

Mission

To provide resources and support to current and former prison inmates, which includes, but not limited to, providing care packages and funds to prison inmates and their families, assistance with job location and placement for former prison inmates, and establishment of group home

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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 $46,252
Program Service Revenue $93,018
Investment Income $0
Other Revenue $0
TOTAL REVENUE $139,270

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,471
Fundraising Expenses $0
Program Expenses $52,698
Other Expenses $65,248
TOTAL EXPENSES $110,719

Year-over-Year Comparison

2024 2023 Change
Revenue $139,270 $115,338 +0.2%
Expenses $110,719 $140,617 -0.2%
Net Income $28,551 $-25,279 -2.1%
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
8
Independent Members
N/A
Employees
2
Volunteers
33

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
9
$0
Key Employees
1
$36,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rick Davis Executive Director 40.00
Key Emp
$36,000 $0 $36,000
John Walsh Board Member 5.00
Director
$0 $0 $0
John Wheatley Board Member 5.00
Director
$0 $0 $0
Roger Sikes Board Member 5.00
Director
$0 $0 $0
Curtis Coomes Board Member 5.00
Director
$0 $0 $0
Jonathan Ott Board Member 5.00
Director
$0 $0 $0
Joshua McSpadden Board Member 5.00
Director
$0 $0 $0
Mike Marshall Chair 5.00
Officer Director
$0 $0 $0
Bill Curry Recording Secretary 5.00
Officer Director
$0 $0 $0
Grant Walsh Vice Chair 5.00
Officer Director
$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 $139,270 $110,719 $681,525 $28,551
2023 $115,338 $140,617 $687,952 $-25,279
2022 $105,411 $145,348 $733,230 $-39,937
2021 $173,485 $204,720 $791,740 $-31,235
2020 $91,182 $212,506 $854,635 $-121,324
2019 $52,973 $273,936 $994,945 $-220,963
2018 $1,040,821 $241,325 $1,251,788 $799,496
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