SPONSORED BY GRACE INC (EIN 831421653) - 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

2018

Legal Domicile

Principal Officer

RONALD ARMSTRONG JR

Phone

8508435600

Tax Period

2023-01-01 to 2023-12-31

SPONSORED BY GRACE INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $501K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $672K exceeded revenue, resulting in a 34% operating deficit.

Mission

REALEASING CHILDREN FROM POEVERTY ACROSS AMERICA BY MEETING THEIR PHYSICAL NEEDS, SHARING THE GOSPEL, AND CONNECTING THEM WITH A LOCAL FAITH FAMILY

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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 $500,527

Program Service Revenue $0

Investment Income $169

Other Revenue $0

TOTAL REVENUE $500,696

Expense Breakdown

Grants Paid $0

Salaries & Benefits $293,198

Fundraising Expenses $0

Program Expenses $469,210

Other Expenses $378,618

TOTAL EXPENSES $671,816

Year-over-Year Comparison

	2023	2022	Change
Revenue	$500,696	$365,149	+0.4%
Expenses	$671,816	$189,649	+2.5%
Net Income	$-171,120	$175,500	-2.0%

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

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

$75,000

Total Directors

$75,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD ARMSTRONG	DIRECTOR	45.00	Officer Director	$75,000	$0	$75,000
MYRA LEEPER	BOARD MEMBERS	2.00	Officer	$0	$0	$0
LABAN DOYLE	BOARD MEMBERS	2.00	Officer	$0	$0	$0
BARRY CASE	BOARD MEMBERS	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
2024	No data	No data	No data	No data
2023	$500,696	$671,816	$208,903	$-171,120
2022	$425,271	$382,225	$372,353	$43,046
2021	$365,149	$189,649	$322,579	$175,500

SPONSORED BY GRACE INC