GRACE INC (EIN 800601626) - 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

2016

Legal Domicile

Principal Officer

DAVID DURNELL

Phone

9379352709

Tax Period

2024-01-01 to 2024-12-31

GRACE INC, founded in 2016, is a small nonprofit in the Education sector that reported $313K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Net assets of $747K represent 29 months of operating reserves.

Mission

IT IS THE MISSION OF GRACE RENEWING ALL CHRISTIAN EDUCATION (G.R.A.C.E) INC., AN OHIO NON-PROFIT CORPORATION, TO PROVIDE CHILDREN THE OPPORTUNITY TO BE RAISED UP IN AN EDUCATIONAL ENVIRONMENT FOUNDED ON CHRISTIAN PRINCIPLES AND FUND FAITH-BASED ACTIVITIES.

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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 $286,355

Program Service Revenue $0

Investment Income $27,042

Other Revenue $0

TOTAL REVENUE $313,397

Expense Breakdown

Grants Paid $321,539

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $321,539

Other Expenses $15,210

TOTAL EXPENSES $336,749

Year-over-Year Comparison

	2024	2023	Change
Revenue	$313,397	$638,432	-0.5%
Expenses	$336,749	$386,225	-0.1%
Net Income	$-23,352	$252,207	-1.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID DURNELL	PRESIDENTDIRECTOR	1.00	Officer Director	$0	$0	$0
ROXANA P WILT	SECTREASDIRECTOR	1.00	Officer Director	$0	$0	$0
MICHAEL DURNELL	DIRECTOR	1.00	Director	$0	$0	$0
PAUL GREEN	DIRECTOR	1.00	Director	$0	$0	$0
MARK BOYER	DIRECTOR	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	$313,397	$336,749	$746,888	$-23,352
2023	$638,432	$386,225	$770,240	$252,207
2022	$495,606	$180,681	$518,033	$314,925
2021	$316,200	$155,123	$203,108	$161,077
2020	$172,100	$148,488	$42,031	$23,612
2019	$129,941	$157,911	$18,419	$-27,970
2018	$195,317	$156,248	$46,389	$39,069

GRACE INC