GRACE ACADEMY INC (EIN 521096867) - 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

1977

Legal Domicile

Phone

3017332033

Tax Period

2024-07-01 to 2025-06-30

GRACE ACADEMY INC, founded in 1977, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2024. Expenses of $4.3M left a modest 4% surplus.

Mission

A PRIVATE CHRISTIAN EDUCATIONAL INSTITUTE THAT OPERATES ON A NON-DISCRIMINATORY BASIS TO STUDENTS FROM K3 THROUGH 12.

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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 $71,390

Program Service Revenue $4,256,693

Investment Income $27,100

Other Revenue $76,063

TOTAL REVENUE $4,431,246

Expense Breakdown

Grants Paid $440,381

Salaries & Benefits $2,178,101

Fundraising Expenses $0

Program Expenses $3,458,896

Other Expenses $1,649,087

TOTAL EXPENSES $4,267,569

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,431,246	$4,121,181	+0.1%
Expenses	$4,267,569	$4,085,947	+0.0%
Net Income	$163,677	$35,234	+3.6%

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

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
BEVERLY STITELY	TREASURER	0.50	Officer Director	$0	$0	$0
KOREY PAFF	CHAIRMAN	0.50	Officer Director	$0	$0	$0
DARREN SWEENEY	DIRECTOR	0.50	Director	$0	$0	$0
DAN THORNTON	DIRECTOR	0.50	Director	$0	$0	$0
MARGARET SWACINA	SECRETARY	0.50	Officer Director	$0	$0	$0
JONATHAN WORSLEY	DIRECTOR	0.50	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	$4,431,246	$4,267,569	$2,603,744	$163,677
2024	$4,121,181	$4,085,947	$2,597,289	$35,234
2023	$3,892,116	$3,778,735	$2,636,370	$113,381
2022	$3,289,748	$3,000,295	$2,491,648	$289,453
2021	$2,722,329	$2,249,260	$2,253,058	$473,069
2020	$2,674,542	$2,561,856	$2,057,161	$112,686
2019	$2,560,404	$2,591,058	$2,160,342	$-30,654

GRACE ACADEMY INC