Grace Network Of Martinsville & Henry Co Inc

Grace Network maintains stable finances with zero officer compensation over a decade.

EIN: 203111703 · Martinsville, VA · NTEE: P80 · Updated: 2026-03-28

$579KRevenue

$707KAssets

95/100Mission Score (Excellent)

P80

About Grace Network Of Martinsville & Henry Co Inc

Grace Network Of Martinsville & Henry Co Inc (EIN: 203111703) is a nonprofit organization based in Martinsville, VA, classified under NTEE code P80. The organization reported total revenue of $579K and total assets of $707K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Network Of Martinsville & Henry Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Grace Network Of Martinsville & Henry Co Inc demonstrates consistent financial activity, with revenues and expenses generally in balance over the past decade. For instance, in the 202406 period, the organization reported revenues of $524,494 against expenses of $526,322, indicating a near break-even operation. The organization's assets have shown a positive trend, growing from $375,966 in 201506 to $794,744 in 202406, suggesting prudent financial management and accumulation of resources. Liabilities have remained relatively low, with a notable increase in 202306 to $101,328, which then decreased to $70,371 in 202406, indicating effective management of short-term obligations.

The organization's spending efficiency appears strong, as evidenced by the consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of funds are directed towards program services and operational costs rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses is not explicitly provided in the summary data, the absence of officer compensation is a significant indicator of efficiency and a commitment to direct service. The organization's consistent filing of IRS 990 forms over 14 periods also points to a good level of transparency.

Overall, Grace Network Of Martinsville & Henry Co Inc appears to be a financially stable and efficiently run nonprofit. Its consistent revenue generation, asset growth, low liabilities, and zero officer compensation contribute to a positive assessment of its financial health and dedication to its mission. The organization's long history of filings further reinforces its commitment to public accountability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Grace Network Of Martinsville & Henry Co Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Grace Network Of Martinsville & Henry Co Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with annual revenues exceeding $500,000.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Grace Network Of Martinsville & Henry Co Inc's IRS 990 filings:

Lack of detailed program vs. administrative vs. fundraising expense breakdown in provided data (though 0% officer comp is a strong positive indicator)

Strengths

The following positive indicators were identified for Grace Network Of Martinsville & Henry Co Inc:

Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
Steady growth in assets from $375,966 in 201506 to $794,744 in 202406.
Long history of IRS 990 filings (14 filings), demonstrating transparency and accountability.
Revenues consistently cover expenses, indicating sound financial management.
Low liabilities relative to assets and revenue, suggesting good financial health.

Frequently Asked Questions about Grace Network Of Martinsville & Henry Co Inc

Is Grace Network Of Martinsville & Henry Co Inc financially stable?

Yes, the organization appears financially stable, consistently generating revenues around $500,000 annually and showing steady asset growth from $375,966 in 201506 to $794,744 in 202406, while maintaining low liabilities.

How efficient is Grace Network Of Martinsville & Henry Co Inc with its spending?

The organization demonstrates high spending efficiency, with 0% reported officer compensation across all filings, suggesting a very high proportion of funds are directed towards its mission.

What is the trend in the organization's assets?

Assets have shown a consistent upward trend, nearly doubling from $375,966 in 201506 to $794,744 in 202406, indicating healthy financial growth and resource accumulation.

Does the organization have high liabilities?

No, liabilities have generally remained very low, typically under $2,000 for most years, with a peak of $101,328 in 202306 which then decreased to $70,371 in 202406, indicating effective debt management.

Filing History

IRS 990 filing history for Grace Network Of Martinsville & Henry Co Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Grace Network Of Martinsville & Henry Co Inc's revenue has grown by 8.6%, moving from $483K to $524K. Total assets increased by 168.4% over the same period, from $296K to $795K. Total functional expenses rose by 19%, from $442K to $526K. In its most recent filing year (2024), Grace Network Of Martinsville & Henry Co Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $70K in liabilities against $795K in assets (debt-to-asset ratio: 8.9%), resulting in net assets of $724K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$524K	$526K	$795K	$70K	—	—
2023	$591K	$500K	$828K	$101K	—	View 990
2022	$439K	$442K	$637K	$2K	—	View 990
2021	$485K	$379K	$641K	$2K	—	—
2020	$466K	$406K	$535K	$2K	—	View 990
2019	$484K	$501K	$475K	$2K	—	View 990
2018	$553K	$528K	$492K	$2K	—	View 990
2017	$534K	$470K	$467K	$2K	—	View 990
2016	$486K	$460K	$403K	$2K	—	View 990
2015	$531K	$488K	$376K	$1K	—	View 990
2014	$506K	$503K	$335K	$2K	—	View 990
2013	$517K	$471K	$332K	$3K	—	View 990
2012	$430K	$439K	$283K	$5K	—	View 990
2011	$483K	$442K	$296K	$8K	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $524K, expenses of $526K, and assets of $795K (revenue -11.2% year-over-year).
2023: Revenue of $591K, expenses of $500K, and assets of $828K (revenue +34.7% year-over-year).
2022: Revenue of $439K, expenses of $442K, and assets of $637K (revenue -9.6% year-over-year).
2021: Revenue of $485K, expenses of $379K, and assets of $641K (revenue +4.1% year-over-year).
2020: Revenue of $466K, expenses of $406K, and assets of $535K (revenue -3.7% year-over-year).
2019: Revenue of $484K, expenses of $501K, and assets of $475K (revenue -12.5% year-over-year).
2018: Revenue of $553K, expenses of $528K, and assets of $492K (revenue +3.5% year-over-year).
2017: Revenue of $534K, expenses of $470K, and assets of $467K (revenue +9.7% year-over-year).
2016: Revenue of $486K, expenses of $460K, and assets of $403K (revenue -8.3% year-over-year).
2015: Revenue of $531K, expenses of $488K, and assets of $376K (revenue +4.9% year-over-year).
2014: Revenue of $506K, expenses of $503K, and assets of $335K (revenue -2.1% year-over-year).
2013: Revenue of $517K, expenses of $471K, and assets of $332K (revenue +20.1% year-over-year).
2012: Revenue of $430K, expenses of $439K, and assets of $283K (revenue -11.0% year-over-year).
2011: Revenue of $483K, expenses of $442K, and assets of $296K.

Data Sources and Methodology

This transparency report for Grace Network Of Martinsville & Henry Co Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.