Grace International Childrens Foundation USA

EIN: 943418677 501(c)(3) Human Services

Richmond, TX

Total Revenue
$456,532
Total Expenses
$507,570
Total Assets
$464,130
Net Assets
$464,130
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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
2001
Legal Domicile
TX
Principal Officer
Larry Hoelscher
Phone
7135042947
Tax Period
2023-01-01 to 2023-12-31

Grace International Childrens Foundation USA, founded in 2001, is a small nonprofit in the Human Services sector that reported $457K in total revenue in fiscal year 2023. Expenses of $508K exceeded revenue, resulting in a 11% operating deficit.

Mission

Childrens Home in Uganda

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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 (2023)

Revenue Breakdown

Contributions & Grants $451,309
Program Service Revenue $0
Investment Income $5,223
Other Revenue $0
TOTAL REVENUE $456,532

Expense Breakdown

Grants Paid $493,736
Salaries & Benefits $0
Fundraising Expenses $4,699
Program Expenses $494,227
Other Expenses $13,834
TOTAL EXPENSES $507,570

Year-over-Year Comparison

2023 2022 Change
Revenue $456,532 $440,923 +0.0%
Expenses $507,570 $402,811 +0.3%
Net Income $-51,038 $38,112 -2.3%
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
10
Independent Members
10
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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Larry Hoelscher Chairman 010.00
Officer Director
$0 $0 $0
John Waggoner President 005.00
Officer Director
$0 $0 $0
Keith Nalley Treasurer 005.00
Officer Director
$0 $0 $0
Rob Marshall Board Member 005.00
Director
$0 $0 $0
Morris Ogenga Board Member 010.00
Director
$0 $0 $0
Phil Norby Board Member 005.00
Director
$0 $0 $0
Mike Thrasher Board Member 005.00
Director
$0 $0 $0
Karla Bogaard Secretary 005.00
Officer Director
$0 $0 $0
John Palmer Board Member 005.00
Director
$0 $0 $0
Michael Kenison Board Member 005.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $456,532 $507,570 $464,130 $-51,038
2022 $440,923 $402,811 $515,168 $38,112
2021 $439,752 $658,209 $477,056 $-218,457
2020 $447,943 $423,187 $695,513 $24,756
2019 $589,439 $585,709 $670,377 $3,730
2018 $1,085,043 $722,156 $957,340 $362,887
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