GRACE REIGNS INC (EIN 475165781) - 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

2015

Legal Domicile

Principal Officer

BRODY L OLSON

Phone

4352120629

Tax Period

2024-01-01 to 2024-12-31

GRACE REIGNS INC, founded in 2015, is a small nonprofit in the Religion sector that reported $572K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $324K, a strong 57% operating margin.

Mission

GRACE REIGNS IS A CHRISTIAN CHARITY ORGANIZATION DESIGNED TO PROVIDE AN ENVIRONMENT WHERE GRACE AND LOVE IS ENCOURAGED AND LAVISHED UPON A COMMUNITY RAVAGED BY THE ILLS OF AUTOCRACY.THE PRIMARY MEANS BY WHICH THESE VIRTUES ARE DISPENSED IS A YOUTH CENTER AND THRIFT STORE. THE YOUTH CENTER SERVES KIDS AGES 10-17 WITH SAFE AND FUN WEEKLY AFTER SCHOOL ACTIVITIES. THE THRIFT STORE PROVIDES SUBSTANTIALLY DISCOUNTED PRICES ON HOME GOOD ITEMS TO THE ECONOMICALLY DEPRESSED COMMUNITIES OF COLORADO CITY, HILDALE AND SURROUNDING AREAS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $370,793

Program Service Revenue $50

Investment Income $0

Other Revenue $201,034

TOTAL REVENUE $571,877

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,262

Fundraising Expenses $0

Program Expenses $141,369

Other Expenses $172,106

TOTAL EXPENSES $248,368

Year-over-Year Comparison

	2024	2023	Change
Revenue	$571,877	$670,689	-0.1%
Expenses	$248,368	$222,921	+0.1%
Net Income	$323,509	$447,768	-0.3%

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

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

$29,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRODY L OLSON	PRESIDENT	15.00	Officer Director	$0	$0	$0
MIKE MENNING	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JONATHAN EDWARDS	SECRETARY	1.00	Officer Director	$0	$0	$0
MYRON KLARENBEEK	DIRECTOR	1.00	Director	$0	$0	$0
GARETH EVANS	TREASURER	15.00	Officer	$29,400	$0	$29,400

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	$571,877	$248,368	$2,019,621	$323,509
2023	$670,689	$222,921	$1,479,537	$447,768
2022	$433,260	$197,128	$1,036,496	$236,132
2021	$450,916	$134,830	$789,616	$316,086
2020	$245,409	$129,433	$470,122	$115,976
2019	$234,439	$112,491	$365,543	$121,948

GRACE REIGNS INC