GRACE CLASSICAL SCHOOL INC

EIN: 810789133 501(c)(3) Education

JACKSONVILLE, NC

Total Revenue
$610,128
Total Expenses
$622,784
Total Assets
$256,765
Net Assets
$254,062
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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
2015
Legal Domicile
NC
Principal Officer
MARK THOMPSON
Phone
9105260718
Tax Period
2024-07-01 to 2025-06-30

GRACE CLASSICAL SCHOOL INC, founded in 2015, is a small nonprofit in the Education sector that reported $610K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

GRACE CLASSICAL SCHOOL'S MISSION IS TO PARTNER WITH PARENTS IN EDUCATING THEIR CHILDREN UTILIZING THE CLASSICAL MODEL IN LIGHT OF A CHRISTIAN WORLDVIEW GROUNDED IN THE SCRIPTURES.

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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 $1,205
Program Service Revenue $602,921
Investment Income $126
Other Revenue $5,876
TOTAL REVENUE $610,128

Expense Breakdown

Grants Paid $0
Salaries & Benefits $517,458
Fundraising Expenses $0
Program Expenses $609,201
Other Expenses $105,326
TOTAL EXPENSES $622,784

Year-over-Year Comparison

2024 2023 Change
Revenue $610,128 $517,876 +0.2%
Expenses $622,784 $486,654 +0.3%
Net Income $-12,656 $31,222 -1.4%
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
4
Independent Members
4
Employees
51
Volunteers
20

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK THOMPSON CHAIRMAN 2.00
Officer
$0 $0 $0
WILLIAM THOMAS VICE CHAIRMA 2.00
Officer
$0 $0 $0
KIMBERLY WINSHIP SECRETARY 2.00
Officer
$0 $0 $0
JOE SEYKORA TREASURER 2.00
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
2025 $610,128 $622,784 $256,765 $-12,656
2024 $517,876 $486,654 $286,446 $31,222
2023 $500,720 $435,881 $245,954 $64,839
2022 $392,663 $341,472 $187,790 $51,191
2021 $322,662 $262,329 $143,378 $60,333
2020 $245,296 $248,528 $85,493 $-3,232
2019 $211,859 $160,431 $81,759 $51,428
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