GREATER RALEIGH AREA CHRISTIAN EDUCATION INC

EIN: 561920605 501(c)(3) Education

RALEIGH, NC

Total Revenue
$29,292,685
Total Expenses
$13,461,603
Total Assets
$47,582,441
Net Assets
$29,769,778
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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
1994
Legal Domicile
NC
Principal Officer
ERIC BRADLEY
Phone
9197472020
Tax Period
2024-06-01 to 2025-05-31

GREATER RALEIGH AREA CHRISTIAN EDUCATION INC, founded in 1994, is a mid-sized nonprofit in the Education sector that reported $29.3M in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.8M, a strong 54% operating margin.

Mission

GRACE CHRISTIAN SCHOOL IS A LOVING COMMUNITY THAT SPIRITUALLY AND ACADEMICALLY EQUIPS, CHALLENGES, AND INSPIRES STUDENTS TO IMPACT THEIR WORLD FOR CHRIST.

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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 $3,158,263
Program Service Revenue $12,838,048
Investment Income $12,993,741
Other Revenue $302,633
TOTAL REVENUE $29,292,685

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,917,890
Fundraising Expenses $598,778
Program Expenses $11,214,430
Other Expenses $4,468,213
TOTAL EXPENSES $13,461,603

Year-over-Year Comparison

2024 2023 Change
Revenue $29,292,685 $16,484,685 +0.8%
Expenses $13,461,603 $12,989,704 +0.0%
Net Income $15,831,082 $3,494,981 +3.5%
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
9
Independent Members
9
Employees
188
Volunteers
200

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
5
$337,629
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MOSS WITHERS CHAIRMAN 1.00
Officer Director
$0 $0 $0
STACY WHEELER TREASURER 1.00
Officer Director
$0 $0 $0
CHASE TEW VICE-CHAIR 1.00
Officer Director
$0 $0 $0
RYAN ARMSTRONG MEMBER 1.00
Director
$0 $0 $0
MATT GREEN MEMBER 1.00
Director
$0 $0 $0
RENEE DRUMGO MEMBER 1.00
Director
$0 $0 $0
MARK HENSLEY MEMBER 1.00
Director
$0 $0 $0
JACKIE OBUSEK MEMBER 1.00
Director
$0 $0 $0
KATIE MCMILLAN MEMBER 1.00
Director
$0 $0 $0
NICK MURPHY MEMBER 1.00
Director
$0 $0 $0
ERIC BRADLEY HEAD OF SCHOOL 40.00
Officer
$198,218 $13,824 $212,042
JENNIFER STACK CFO 40.00
Officer
$120,891 $4,696 $125,587
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 $29,292,685 $13,461,603 $47,582,441 $15,831,082
2024 $16,484,685 $12,989,704 $31,723,009 $3,494,981
2023 $11,264,287 $10,764,726 $26,546,926 $499,561
2022 $9,849,969 $9,267,040 $20,214,486 $582,929
2021 $9,769,685 $8,778,924 $18,855,943 $990,761
2020 $8,597,049 $8,367,648 $19,091,805 $229,401
2019 $9,053,236 $9,054,483 $18,371,970 $-1,247
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