AMAZING GRACE MINISTRIES OF HENDERSONVILLE

EIN: 811349247 501(c)(3) Food, Agriculture & Nutrition

HENDERSONVILLE, NC

Total Revenue
$210,653
Total Expenses
$204,976
Total Assets
$29,414
Net Assets
$26,556
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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
NC
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.

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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 (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

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Governance

Voting Members
3
Independent Members
N/A
Employees
3
Volunteers
10

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
1
$0
Key Employees
0
$0
Highest Compensated
0
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
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