GRACE EDUCATION MINISTRIES FOR NIG… - 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

SARAH HONG

Phone

6509968721

Tax Period

2024-01-01 to 2024-12-31

GRACE EDUCATION MINISTRIES FOR NIGER, founded in 2016, is a small nonprofit in the International Affairs sector that reported $687K in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $135K, a strong 20% operating margin.

Mission

TO ASSIST THE PEOPLE OF NIGER IN STRATEGIC WAYS BY BUILDING UP AND STRENGTHENING THE COUNTRY IN THE AREAS OF EDUCATION, HEALTH, FINANCIAL WELFARE, SOCIAL CONDITIONS, AND CHRISTIAN SPIRITUAL GROWTH.WE WILL EMPOWER NIGERIENS WITH ACADEMIC AND VOCATIONAL TRAINING AS WELL AS SPIRITUAL DISCIPLESHIP. IN PARTICULAR, WE WILL SUPPORT YOUNG NIGERIENNE WOMEN IN ATTENDING A HIGHER EDUCATION AND LEARNING VALUABLE TEACHING SKILLS. WE WILL PROVIDE COMPASSIONATE CARE FOR THE NEEDY IN THE NIGERIEN COMMUNITY.WE WILL ALSO SUPPORT AND MINISTER TO THE CHRISTIAN COMMUNITY OF NIGER. THIS CORPORATION MAY ENGAGE IN ANY OTHER ACTIVITIES THAT ARE REASONABLY RELATED TO AND IN FURTHERANCE OF ITS STATED PURPOSES AS ALLOWED BY LAW.

Program Service Accomplishments

Program 1

Expenses: $543,083

IN OCTOBER 2017, GRACE EDUCATION MINISTRIES FOUNDED GRACE ACADEMY (CSP EVANGELIQUE GRACE NGO), A SCHOOL IN NIGER DEDICATED TO EDUCATING YOUNG WOMEN. IN THIS COUNTRY, LESS THAN 10% OF SCHOOL-AGED...

IN OCTOBER 2017, GRACE EDUCATION MINISTRIES FOUNDED GRACE ACADEMY (CSP EVANGELIQUE GRACE NGO), A SCHOOL IN NIGER DEDICATED TO EDUCATING YOUNG WOMEN. IN THIS COUNTRY, LESS THAN 10% OF SCHOOL-AGED GIRLS HAVE THE OPPORTUNITY TO ATTEND SCHOOL, SO THE PRIVILEGE OF LEARNING AT GRACE ACADEMY IS A GREAT GIFT FOR THESE YOUNG WOMEN AND THEIR FAMILIES! A QUALITY CHRISTIAN EDUCATION WILL IMPACT THEIR FUTURE CHILDREN, THEIR EXTENDED FAMILIES, THEIR VILLAGES AND THEIR COUNTRY. AILEEN CHUNG OVERSEES THE SCHOOL.(CONTINUED ON SCHEDULE O)IN 2024, THE ORGANIZATION FOCUSED ON:1. SIXTH-SEVENTH SCHOOL YEAR OF GRACE ACADEMY (SECONDARY GIRLS SCHOOL EDUCATION FOR 150 STUDENTS) 2. STARTED A NEW SCHOOL IN THE FALL : EMMANUEL ACADEMY (SECONDARY BOYS SCHOOL EDUCATION FOR 20 STUDENTS) 3. STARTED A NEW VOCATIONAL SCHOOL IN THE FALL : MARANATHA INSTITUTE (EQUIPPING YOUNG MEN AND WOMEN WHO HAVE GRADUATED FROM HIGH SCHOOL TO WORK AS TRAINED MEDICAL TECHNICIANS, STARTED WITH 4 STUDENTS)4. ALL SCHOOL OPERATIONS

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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 $681,051

Program Service Revenue $0

Investment Income $5,794

Other Revenue $0

TOTAL REVENUE $686,845

Expense Breakdown

Grants Paid $379,951

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $543,083

Other Expenses $171,690

TOTAL EXPENSES $551,641

Year-over-Year Comparison

	2024	2023	Change
Revenue	$686,845	$402,823	+0.7%
Expenses	$551,641	$144,894	+2.8%
Net Income	$135,204	$257,929	-0.5%

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

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
ALMA CHO	PRESIDENT	2.00	Officer Director	$0	$0	$0
KEVIN BENDEMIRE	SECRETARY	2.00	Officer Director	$0	$0	$0
SARAH HONG	TREASURER	5.00	Officer Director	$0	$0	$0
AILEEN CHUNG	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$0
JOHN KIM	DIRECTOR	2.00	Director	$0	$0	$0
MARILYN DAVIDSON	DIRECTOR	2.00	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	$686,845	$551,641	$1,932,124	$135,204
2023	$402,823	$144,894	$1,796,886	$257,929
2022	$299,147	$80,571	$1,538,957	$218,576
2021	$240,989	$73,141	$1,320,745	$167,848
2020	$328,137	$33,329	$1,152,897	$294,808
2019	$276,016	$12,228	$873,089	$263,788
2018	$460,624	$12,344	$594,301	$448,280

GRACE EDUCATION MINISTRIES FOR NIGER