Grace Line Inc (EIN 861040503) - 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

2001

Legal Domicile

Principal Officer

Fred Chay

Phone

6026221033

Tax Period

2024-01-01 to 2024-12-31

Grace Line Inc, founded in 2001, is a small nonprofit in the Religion sector that reported $228K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $207K left a modest 9% surplus.

Mission

The organization provides speakers to teach at local churches in order to further the gospel of Jesus Christ. Additionally, the organization mentors others to train and equip them for Christian ministry.

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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 $190,376

Program Service Revenue $0

Investment Income $36,543

Other Revenue $1,054

TOTAL REVENUE $227,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $198,910

Fundraising Expenses $0

Program Expenses $80,735

Other Expenses $8,122

TOTAL EXPENSES $207,032

Year-over-Year Comparison

	2024	2023	Change
Revenue	$227,973	$359,529	-0.4%
Expenses	$207,032	$153,906	+0.3%
Net Income	$20,941	$205,623	-0.9%

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

N/A

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

$108,944

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Fred Chay	President	20.00	Officer	$108,944	$0	$108,944
Jim O'Connor	Director	1.00	Director	$0	$0	$0
Craig Skillicorn	Director	1.00	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	$227,973	$207,032	$2,092,411	$20,941
2023	$359,529	$153,906	$2,069,367	$205,623
2022	$323,626	$119,163	$2,238,533	$204,463
2021	$327,026	$108,173	$2,033,697	$218,853
2020	$243,589	$191,832	$1,814,844	$51,757
2019	$277,062	$157,260	$1,763,087	$119,802
2018	$247,743	$53,995	$1,643,285	$193,748

Grace Line Inc