GRACE CHRISTIAN ACADEMY OF OWENSBORO INC (EIN 841800275) - 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

2019

Legal Domicile

Principal Officer

SHANNA MCGINNIS

Phone

2705749974

Tax Period

2024-01-01 to 2024-12-31

GRACE CHRISTIAN ACADEMY OF OWENSBORO INC, founded in 2019, is a small nonprofit in the Education sector that reported $718K in total revenue in fiscal year 2024. Expenses of $800K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE MISSION OF GCA IS TO GLORIFY GOD BY EQUIPPING STUDENTS WITH A SPIRITUALLY AND ACADEMICALLY SOLID CHRISTIAN WORLDVIEW.

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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 $203,800

Program Service Revenue $490,636

Investment Income $53

Other Revenue $23,312

TOTAL REVENUE $717,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $625,165

Fundraising Expenses $0

Program Expenses $787,013

Other Expenses $175,006

TOTAL EXPENSES $800,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$717,801	$725,757	0.0%
Expenses	$800,171	$716,817	+0.1%
Net Income	$-82,370	$8,940	-10.2%

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

Total Directors

$88,220

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS HOLMES	HEAD OF SCHOOL	55.00	Director	$85,650	$2,570	$88,220
JASON LEE	DIRECTOR	2.50	Director	$0	$0	$0
KRISTYN GABBERT	ASSOCIATE ADMINISTRATOR	50.00	Director	$0	$0	$0
DAVID HAWES	DIRECTOR	2.00	Director	$0	$0	$0
MIKE DECHMAN	PRESIDENT	2.50	Officer	$0	$0	$0
SHANNA MCGINNIS	TREASURER	2.50	Officer	$0	$0	$0
MICAH WHITEMAN	SECRETARY	2.50	Officer	$0	$0	$0
JASON TANNER	VICE PRESIDENT	2.50	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	$717,801	$800,171	$188,694	$-82,370
2023	$725,757	$716,817	$264,827	$8,940
2022	$258,690	$609,485	$256,436	$-350,795
2021	$774,822	$356,923	$603,015	$417,899
2020	$374,721	$206,148	$180,476	$168,573

GRACE CHRISTIAN ACADEMY OF OWENSBORO INC