SPIRIT AND GRACE ACADEMY (EIN 874569459) - 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

2021

Legal Domicile

Principal Officer

SAM WAGEMAN

Phone

4023909500

Tax Period

2025-01-01 to 2025-06-30

SPIRIT AND GRACE ACADEMY, founded in 2021, is a small nonprofit in the Education sector that reported $231K in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $838K exceeded revenue, resulting in a 263% operating deficit.

Mission

SPIRIT AND GRACE ACADEMY SEEKS TO LIVE AND TEACH IN ACCORDANCE WITH THE FAITH TAUGHT BY THE CATHOLIC CHURCH'S MAGISTERIUM AND THE CATECHISM OF THE CATHOLIC CHURCH.

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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 $48,577

Program Service Revenue $180,609

Investment Income $1,223

Other Revenue $457

TOTAL REVENUE $230,866

Expense Breakdown

Grants Paid $300

Salaries & Benefits $711,703

Fundraising Expenses $0

Program Expenses $824,739

Other Expenses $125,903

TOTAL EXPENSES $837,906

Year-over-Year Comparison

	2024	2023	Change
Revenue	$230,866	$632,690	-0.6%
Expenses	$837,906	$1,615,722	-0.5%
Net Income	$-607,040	$-983,032	-0.4%

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

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
SAM WAGEMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLES OLSON II	TREASURER	1.00	Officer Director	$0	$0	$0
FR BENJAMIN BOYD	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM HOOGEVEEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THERESA KINNEY	BOARD MEMBER	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
2025	$230,866	$837,906	$226,862	$-607,040
2024	$632,690	$1,615,722	$410,257	$-983,032
2023	$466,986	$1,450,050	$411,526	$-983,064
2022	$380,480	$929,173	$400,821	$-548,693

SPIRIT AND GRACE ACADEMY