GRACE ACADEMY OF GEORGETOWN (EIN 742873246) - 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

1998

Legal Domicile

Principal Officer

HEATHER BURNSIDE

Phone

5128649500

Tax Period

2023-07-01 to 2024-06-30

GRACE ACADEMY OF GEORGETOWN, founded in 1998, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2023. The organization ran a surplus of $891K, a strong 20% operating margin.

Mission

ELEMENTARY AND SECONDARY EDUCATION GRADES K-12. GRACE ACADEMY OFFERS LIBERAL ARTS EDUCATION IN THE HISTORIC CLASSICAL CHRISTIAN FORMAT FOCUSING ON GRAMMAR, LOGIC, AND RHETORIC IN EACH SUBJECT AREA.

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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 $736,490

Program Service Revenue $3,367,479

Investment Income $112,150

Other Revenue $154,907

TOTAL REVENUE $4,371,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,567,047

Fundraising Expenses $25,063

Program Expenses $2,806,083

Other Expenses $912,579

TOTAL EXPENSES $3,479,626

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,371,026	$4,130,730	+0.1%
Expenses	$3,479,626	$3,057,285	+0.1%
Net Income	$891,400	$1,073,445	-0.2%

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

150

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

$163,010

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS NOBLE	CHAIR	5.00	Officer Director	$0	$0	$0
HEATHER BURNSIDE	VICE CHAIR/S	5.00	Officer Director	$0	$0	$0
JAYME BATES	BOARD MEMBER	5.00	Director	$0	$0	$0
BARRY LAING	BOARD MEMBER	5.00	Director	$0	$0	$0
COLIN MCGAHEY	BOARD MEMBER	5.00	Director	$0	$0	$0
DR MARK GEYER	TREASURER	5.00	Officer Director	$0	$0	$0
PRISCILLA OBERLE	PAST SECRETA	5.00	Officer Director	$0	$0	$0
MICHAEL BRENT STEVENS	HEAD OF SCHO	40.00	Officer	$130,000	$33,010	$163,010

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	No data	No data	No data	No data
2024	$4,371,026	$3,479,626	$9,723,889	$891,400
2023	$4,130,730	$3,057,285	$8,293,938	$1,073,445
2022	$3,840,705	$2,837,947	$6,733,319	$1,002,758
2021	$3,368,181	$2,391,344	$5,359,233	$976,837
2020	$2,141,863	$2,091,524	$4,096,531	$50,339
2019	$2,252,888	$2,065,729	$3,927,901	$187,159

GRACE ACADEMY OF GEORGETOWN