GRACE CHRISTIAN FOUNDATION

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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

2021

Legal Domicile

Principal Officer

JAMES ENGELSMA II

Phone

6162994116

Tax Period

2024-01-01 to 2024-12-31

GRACE CHRISTIAN FOUNDATION, founded in 2021, is a small nonprofit in the Education sector that reported $425K in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $266K, a strong 62% operating margin.

Mission

SUPPORT SCHOOLS THAT RECOGNIZE AND ADDRESS THE NECESSITY OF ACADEMICALLY PREPARING YOUNG PEOPLE THROUGH A HIGH STANDARD OF EDUCATIONAL EXCELLENCE THAT IS FIRMLY BASED ON THE BIBLE. RECEIVE CONTRIBUTIONS AND MAINTAIN A FUND USE AND APPLY THE INCOME THREREFROM TO MAKE DISTRIBUTIONS TO PROVIDE SUCH SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $159,824

PROVIDE GRANTS OF SUPPORT FOR SCHOOLS THROUGH FUNDING FROM PROCEEDS EARNED ON DONATED FUNDS INVESTED IN INCOME-PRODUCING PUBLICLY TRADED SECURITIES AND INTEREST-BEARING ACCOUNTS.

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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 $335,694

Program Service Revenue $0

Investment Income $89,738

Other Revenue $0

TOTAL REVENUE $425,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $159,824

Other Expenses $159,824

TOTAL EXPENSES $159,824

Year-over-Year Comparison

	2024	2023	Change
Revenue	$425,432	$265,092	+0.6%
Expenses	$159,824	$87,152	+0.8%
Net Income	$265,608	$177,940	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES D BLEEKER	TREASURER	N/A	Officer Director	$0	$0	$0
JAMES ENGELSMA II	SECRETARY	N/A	Officer Director	$0	$0	$0
RICHARD WESTRATE II	PRESIDENT	N/A	Officer 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
2025	No data	No data	No data	No data
2024	$425,432	$159,824	$2,462,678	$265,608
2023	$265,092	$87,152	$2,209,932	$177,940
2022	$2,038,182	$54,773	$2,031,992	$1,983,409