THE GRAMERCY SCHOOL

EIN: 561304781 501(c)(3) Education

NEWPORT, NC

Total Revenue
$2,107,877
Total Expenses
$2,080,294
Total Assets
$854,078
Net Assets
$798,176
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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
1981
Legal Domicile
NC
Phone
2522235199
Tax Period
2023-08-01 to 2024-07-31

THE GRAMERCY SCHOOL, founded in 1981, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023.

Mission

GRAMERCY CHRISTIAN SCHOOL IS THE PRIMARY MINISTRY OF FAITH EVANGELICAL BIBLE CHURCH. GRAMERCY CHRISTIAN SCHOOL PROVIDES CHRISTIAN ELEMENTARY AND SECONDARY EDUCATION AND DISCIPLESHIP FOR GRADES KINDERGARTEN THROUGH TWELVE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $43,204
Program Service Revenue $2,016,298
Investment Income $48,375
Other Revenue $0
TOTAL REVENUE $2,107,877

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,610,590
Fundraising Expenses $0
Program Expenses $2,080,294
Other Expenses $469,704
TOTAL EXPENSES $2,080,294

Year-over-Year Comparison

2023 2022 Change
Revenue $2,107,877 $2,055,632 +0.0%
Expenses $2,080,294 $1,953,265 +0.1%
Net Income $27,583 $102,367 -0.7%
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
7
Independent Members
6
Employees
76
Volunteers
80

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
2
$105,290
Total Directors
7
$0
Key Employees
1
$37,263
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NORM WALIGORA SCHOOL BOARD MEMBER FEBC PASTOR 4.00
Director
$0 $0 $0
SHAWN POWELL SCHOOL BOARD CHAIR 1.00
Director
$0 $0 $0
BILL KLEAR SCHOOL BOARD MEMBER 1.00
Director
$0 $0 $0
DALE JONES SCHOOL BOARD MEMBER 1.00
Director
$0 $0 $0
BONNIE JOHNSTON SCHOOL BOARD MEMBER 1.00
Director
$0 $0 $0
SHERI LEWIS SCHOOL BOARD MEMBER 1.00
Director
$0 $0 $0
POLLY JOHNS SCHOOL BOARD MEMBER 1.00
Director
$0 $0 $0
KARA WITHEE HEAD OF SCHOOL 58.00
Officer
$64,054 $0 $64,054
ROBERT CUMMINS FINANCE ADM ASST HEAD OF SCHOOL 60.00
Officer
$41,236 $0 $41,236
SHARON KLOSTERMAN ACADEMIC ADVISOR 40.00
Key Emp
$37,263 $0 $37,263
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 $2,107,877 $2,080,294 $854,078 $27,583
2023 $2,055,632 $1,953,265 $1,185,351 $102,367
2022 $1,833,228 $1,729,585 $727,556 $103,643
2021 $1,600,931 $1,433,626 $695,321 $167,305
2020 $1,168,474 $1,145,522 $588,697 $22,952
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