Charlie Bing GraceLife Ministries

EIN: 752694823 501(c)(3) Religion

Burleson, TX

Total Revenue
$366,136
Total Expenses
$378,819
Total Assets
$364,879
Net Assets
$349,016
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
TX
Principal Officer
Charlie Bing
Phone
8174477272
Tax Period
2024-01-01 to 2024-12-31

Charlie Bing GraceLife Ministries, founded in 1997, is a small nonprofit in the Religion sector that reported $366K in total revenue in fiscal year 2024.

Mission

To train Christians and their leaders in Bible and Theology through conferences, seminars, and development of resources in the USA and around the world.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $345,004
Program Service Revenue $10,968
Investment Income $9,084
Other Revenue $1,080
TOTAL REVENUE $366,136

Expense Breakdown

Grants Paid $0
Salaries & Benefits $196,619
Fundraising Expenses $0
Program Expenses $326,820
Other Expenses $182,200
TOTAL EXPENSES $378,819

Year-over-Year Comparison

2024 2023 Change
Revenue $366,136 $360,546 +0.0%
Expenses $378,819 $357,344 +0.1%
Net Income $-12,683 $3,202 -5.0%
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

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Governance

Voting Members
7
Independent Members
7
Employees
2
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
4
$167,112
Total Directors
7
$167,112
Key Employees
1
$167,112
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charlie Bing President 50.00
Officer Director Key Emp
$167,112 $0 $167,112
John Garth Oliver Vice President 1.00
Officer Director
$0 $0 $0
David Den Hartog Board Member 1.00
Director
$0 $0 $0
John Hardin Treasurer 3.00
Officer Director
$0 $0 $0
Phil Congdon Secretary 1.00
Officer Director
$0 $0 $0
John Salvesen Board Member 1.00
Director
$0 $0 $0
Ray Young Board Member 1.00
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 $366,136 $378,819 $364,879 $-12,683
2023 $360,546 $357,344 $366,821 $3,202
2022 $316,805 $297,093 $358,926 $19,712
2021 $295,312 $240,036 $341,326 $55,276
2020 $266,738 $231,884 $284,455 $34,854
2019 $296,099 $306,243 $309,251 $-10,144
2018 $357,119 $287,963 $262,251 $69,156
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