GRACE CHRISTIAN FOUNDATION

EIN: 871690183 501(c)(3) Education

GRANDVILLE, MI

Total Revenue
$425,432
Total Expenses
$159,824
Total Assets
$2,462,678
Net Assets
$2,462,678
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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
MI
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

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%)

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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

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Governance

Voting Members
4
Independent Members
4
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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