MIRACLES OF GRACE FOUNDATION INC (EIN 640730366) - 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

1986

Legal Domicile

Principal Officer

JOANNA BARNES

Phone

6627199404

Tax Period

2023-01-01 to 2023-12-31

MIRACLES OF GRACE FOUNDATION INC, founded in 1986, is a small nonprofit that reported $146K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $138K left a modest 5% surplus.

Mission

OPERATED EXCLUSIVELY TO CARRY OUT THE CHARITABLE, BENEVOLENT, EDUCATIONAL AND SCIENTIFIC PURPOSES OF JEFF ANDERSON REGIONAL MEDICAL CENTER, MS BAPTIST FOUNDATION AND ANY OTHER CHARITIES WHICH MEET THE CRITERIA OF TAX- EXEMPT STATUES AND THE BOARD OF DIRECTORS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $145,220

Other Revenue $300

TOTAL REVENUE $145,520

Expense Breakdown

Grants Paid $77,083

Salaries & Benefits $54,025

Fundraising Expenses $0

Program Expenses $77,083

Other Expenses $6,575

TOTAL EXPENSES $137,683

Year-over-Year Comparison

	2023	2022	Change
Revenue	$145,520	$200,170	-0.3%
Expenses	$137,683	$167,955	-0.2%
Net Income	$7,837	$32,215	-0.8%

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

N/A

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

$50,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANNA BARNES	PRESIDENT	30.00	Officer	$50,000	$0	$50,000
JAN ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
CAROL DAVIDSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FLANAGAN	DIRECTOR	1.00	Director	$0	$0	$0
FRED PORTER	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH ANDERSON	VICE PRESIDE	1.00	Officer	$0	$0	$0
H WINGFIELD GLOVER III	SECRETARY	1.00	Officer	$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
2024	No data	No data	No data	No data
2023	$145,520	$137,683	$3,957,570	$7,837
2022	$200,170	$167,955	$3,949,733	$32,215
2021	$174,319	$164,795	$3,917,518	$9,524
2020	$200,445	$140,279	$3,907,994	$60,166
2019	$161,266	$137,338	$3,847,828	$23,928
2018	$106,084	$149,549	$3,823,900	$-43,465

MIRACLES OF GRACE FOUNDATION INC