By Grace Alone Ministries - Foundation

EIN: 900518673 501(c)(3) Religion

Waxhaw, NC

Total Revenue
$298,147
Total Expenses
$307,848
Total Assets
$235,308
Net Assets
$235,308
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NC
Principal Officer
Jean P Sangai
Phone
7042565819
Tax Period
2024-01-01 to 2024-12-31

By Grace Alone Ministries - Foundation, founded in 2009, is a small nonprofit in the Religion sector that reported $298K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

Provide a spiritual forum of worship and provide medical, financial, spiritual and family support based on the teachings of Jesus Christ in the U.S. and abroad

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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 $298,147
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $298,147

Expense Breakdown

Grants Paid $0
Salaries & Benefits $48,000
Fundraising Expenses $0
Program Expenses $307,848
Other Expenses $259,848
TOTAL EXPENSES $307,848

Year-over-Year Comparison

2024 2023 Change
Revenue $298,147 $341,172 -0.1%
Expenses $307,848 $292,812 +0.1%
Net Income $-9,701 $48,360 -1.2%
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
7
Independent Members
7
Employees
N/A
Volunteers
15

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
$48,000
Total Directors
1
$48,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jean P Sangai Director Pastor 40.00
Officer Director
$48,000 $0 $48,000
Sarah Noland Treasurer 2.00
Officer
$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 $298,147 $307,848 $235,308 $-9,701
2023 $341,172 $292,812 $245,009 $48,360
2022 $356,251 $357,557 $196,649 $-1,306
2021 $336,060 $347,106 $197,955 $-11,046
2020 $218,787 $203,411 $209,001 $15,376
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