Growing in Grace Preparatory School Inc

EIN: 880982326 501(c)(3) Education

Palm Bay, FL

Total Revenue
$184,084
Total Expenses
$179,523
Total Assets
$7,114
Net Assets
$7,114
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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
2022
Legal Domicile
FL
Principal Officer
Lisa Bishop
Phone
3215034363
Tax Period
2024-01-01 to 2024-12-31

Growing in Grace Preparatory School Inc, founded in 2022, is a small nonprofit in the Education sector that reported $184K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

Private education for children

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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 $10,000
Program Service Revenue $174,084
Investment Income $0
Other Revenue $0
TOTAL REVENUE $184,084

Expense Breakdown

Grants Paid $0
Salaries & Benefits $110,702
Fundraising Expenses $0
Program Expenses $115,965
Other Expenses $68,821
TOTAL EXPENSES $179,523

Year-over-Year Comparison

2024 2023 Change
Revenue $184,084 $140,317 +0.3%
Expenses $179,523 $132,088 +0.4%
Net Income $4,561 $8,229 -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

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Governance

Voting Members
2
Independent Members
2
Employees
5
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
2
$48,564
Total Directors
2
$48,564
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lisa Bishop President 040.00
Officer Director
$28,858 $0 $28,858
Stephen Bishop Vice President 040.00
Officer Director
$19,706 $0 $19,706
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 $184,084 $179,523 $7,114 $4,561
2023 $140,317 $132,088 $3,729 $8,229
2022 $82,759 $88,435 No data $-5,676
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