Kingdom of Grace Ministries (EIN 721609643) - 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

2005

Legal Domicile

Principal Officer

Gary Paltridge

Phone

9259804654

Tax Period

2023-01-01 to 2023-12-31

Kingdom of Grace Ministries, founded in 2005, is a small nonprofit in the Religion sector that reported $207K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $191K left a modest 8% surplus.

Mission

Promote the Gospel of Jesus Christ through church planting, creating ministry centers that serve underprivileged people, and create discipleship programs that help people become who God created them to be.

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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 $206,961

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $206,961

Expense Breakdown

Grants Paid $26,696

Salaries & Benefits $93,350

Fundraising Expenses $0

Program Expenses $170,316

Other Expenses $70,957

TOTAL EXPENSES $191,003

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,961	$186,760	+0.1%
Expenses	$191,003	$220,257	-0.1%
Net Income	$15,958	$-33,497	-1.5%

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

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

$75,350

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joshua Keen	Board Member	1.00	Director	$0	$0	$0
Mark Richards	Board Member	1.00	Director	$0	$0	$0
Gary Paltridge	CEO & Senior Pastor	40.00	Officer	$56,950	$0	$56,950
Jennifer Patridge	Treasurer & Senior Pastor	40.00	Officer	$18,400	$0	$18,400
Julie Keen	Secretary	5.00	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	$206,961	$191,003	$401,565	$15,958
2020	$317,872	$290,640	$491,340	$27,232
2019	$269,916	$362,146	$443,055	$-92,230

Kingdom of Grace Ministries