Grace Foundation of Destin Inc (EIN 510597232) - 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

2006

Legal Domicile

Phone

8505980363

Tax Period

2024-01-01 to 2024-12-31

Grace Foundation of Destin Inc, founded in 2006, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $137K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $66K, a strong 48% operating margin.

Mission

The Grace Foundation seeks to extend the healing and hope of Jesus through Grace Lutheran Church to our community and beyond helping those in need wherever they may be found

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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 $0

Program Service Revenue $0

Investment Income $136,578

Other Revenue $0

TOTAL REVENUE $136,578

Expense Breakdown

Grants Paid $60,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,685

Other Expenses $10,185

TOTAL EXPENSES $70,685

Year-over-Year Comparison

	2024	2023	Change
Revenue	$136,578	$169,804	-0.2%
Expenses	$70,685	N/A	N/A
Net Income	$65,893	$169,804	-0.6%

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

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
Kay Royston	Trustee	0.25	Director	$0	$0	$0
Darlane Landsberger	Trustee	0.25	Director	$0	$0	$0
Dieter Landsberger	Trustee	0.25	Director	$0	$0	$0
Lola Wuerffel	Trustee	0.25	Director	$0	$0	$0
Lola Wuerffel	Trustee	0.25	Director	$0	$0	$0
Greg Schilling	President	1.00	Officer	$0	$0	$0
Michael Wind	Vice President Treasurer	1.00	Officer	$0	$0	$0
Cindy Theriault	Secretary	0.25	Officer	$0	$0	$0
Kevin Wendt	Trustee	0.25	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
2025	No data	No data	No data	No data
2024	$136,578	$70,685	$1,029,463	$65,893
2023	$169,804	No data	$963,570	No data
2022	No data	No data	$793,766	No data
2021	$7,401	$7,425	$984,352	$-24
2020	$15,600	$35,000	$749,200	$-19,400

Grace Foundation of Destin Inc