GRACE ALASKA INC (EIN 721525990) - 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

2001

Legal Domicile

Principal Officer

ADAM LEGG

Phone

9073013073

Tax Period

2023-09-01 to 2024-08-31

GRACE ALASKA INC, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $775K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $160K, a strong 21% operating margin.

Mission

GRACEALASKA IS A LIFE-CHANGING COALITION OF CORPORATIONS, BUSINESSES, FAITH-BASED ORGANIZATIONS AND CHURCHES THAT DEMONSTRATE GOD'S HEART TO ALASKANS BY MEETING PRACTICAL NEEDS. GRACEALASKA MEETS PRACTICAL NEEDS PRIMARILY THROUGH VOLUNTEER SERVICE.

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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 $775,305

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $775,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $420,555

Fundraising Expenses $15,274

Program Expenses $457,954

Other Expenses $194,298

TOTAL EXPENSES $614,853

Year-over-Year Comparison

	2023	2022	Change
Revenue	$775,305	$627,984	+0.2%
Expenses	$614,853	$503,896	+0.2%
Net Income	$160,452	$124,088	+0.3%

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

$77,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM LEGG	EXECUTIVE DI	40.00	Officer	$74,000	$3,600	$77,600
ROB FISCHER	V PRESIDENT/	2.00	Officer Director	$0	$0	$0
SUE FLOYD	PRESIDENT	4.00	Officer Director	$0	$0	$0
BONNIE GREGORY	DIRECTOR	2.00	Director	$0	$0	$0
DAVE KESTER	TREASURER/DI	2.00	Officer Director	$0	$0	$0
SUSAN STUART-KUELPER	DIRECTOR/SEC	2.00	Officer 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
2024	$775,305	$614,853	$511,700	$160,452
2023	$627,984	$503,896	$140,962	$124,088
2022	$302,901	$475,374	$13,141	$-172,473
2021	$545,540	$470,070	$184,753	$75,470
2020	$519,965	$532,995	$109,771	$-13,030
2019	$447,547	$547,500	$134,449	$-99,953
2018	$498,920	$604,517	$158,749	$-105,597

GRACE ALASKA INC