THRONE OF GRACE MINISTRIES INC (EIN 650765291) - 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

2020

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

THRONE OF GRACE MINISTRIES INC, founded in 2020, is a community nonprofit in the Religion sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 110% from the prior year, signaling strong growth momentum. The organization ran a surplus of $676K, a strong 48% operating margin.

Mission

TO ASSIST MEN THAT ARE HOMELESS, DETOXED, ETC., BY PROVIDING STRUCTURE, ACCOUNTABILITY AND GUIDANCE IN A CHRISTIAN, SOBER LIVING ENVIRONMENT.

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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 $1,108,219

Program Service Revenue $303,744

Investment Income $0

Other Revenue $807

TOTAL REVENUE $1,412,770

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,622

Fundraising Expenses $0

Program Expenses $413,542

Other Expenses $523,648

TOTAL EXPENSES $736,270

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,412,770	$673,834	+1.1%
Expenses	$736,270	$768,965	0.0%
Net Income	$676,500	$-95,131	-8.1%

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

$76,972

Key Employees

$135,650

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA COBLENTZ	KEY EMPLOYEE	40.00	Key Emp	$71,775	$0	$71,775
DAVID COBLENTZ	KEY EMPLOYEE	40.00	Key Emp	$63,875	$0	$63,875
STANLEY WOOTEN	FOUNDERPRESIDENT	40.00	Director	$45,772	$0	$45,772
RUTH HERSCHBERGER	DIRECTOR	30.00	Director	$31,200	$0	$31,200

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	$1,412,770	$736,270	$1,571,202	$676,500
2023	$673,834	$768,965	$887,682	$-95,131
2022	$706,206	$544,639	$994,273	$161,567

THRONE OF GRACE MINISTRIES INC