AMAZING GRACE MINISTRIES OF HENDER… - Form 990 Financial Data

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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

CORA THARP

Tax Period

2023-01-01 to 2023-12-31

AMAZING GRACE MINISTRIES OF HENDERSONVILLE, founded in 2016, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $211K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

HELPING THE NEEDY AND LESS FORTUNATE PEOPLE THAT NEEDS HELP IN ORDER TO AURVIVE.

Program Service Accomplishments

Program 1

Expenses: $204,976 Revenue: $210,653

PROVIDE HELP TO THE NEEDY AND LESS FORTUNATE PEOPLE IN ORDER FOR THEM TO SURVIVE

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $210,653

TOTAL REVENUE $210,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,276

Fundraising Expenses $0

Program Expenses $204,976

Other Expenses $137,700

TOTAL EXPENSES $204,976

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,653	$236,158	-0.1%
Expenses	$204,976	$243,648	-0.2%
Net Income	$5,677	$-7,490	-1.8%

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

N/A

Employees

Volunteers

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
DARRELL THARP	PRESIDENT	0.00	Director	$0	$0	$0
MELISSA CAVANAUGH	TREAS	0.00	Officer	$0	$0	$0
DEB MORTON	SECRETARY	0.00	Officer	$0	$0	$0
CORA THARP	CEO	40.00	Officer	$0	$0	$0
DAVID BRYSON	VP	0.00	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
2023	$210,653	$204,976	$29,414	$5,677
2022	$236,158	$243,658	$24,117	$-7,500
2021	$235,510	$222,342	$29,592	$13,168

AMAZING GRACE MINISTRIES OF HENDERSONVILLE