Graceworks Lutheran Services Health Benefit Trust
EIN: 311273785 · Dayton, OH
| Metric | Value |
|---|---|
| Total Revenue | $9.2M |
| Total Expenses | $9.8M |
| Net Assets | $339K |
Is Graceworks Lutheran Services Health Benefit Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Graceworks Lutheran Services Health Benefit Trust
Graceworks Lutheran Services Health Benefit Trust (EIN: 311273785) is a nonprofit organization based in Dayton, OH. The organization reported total revenue of $9.2M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Graceworks Lutheran Services Health Benefit Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Graceworks Lutheran Services Health Benefit Trust is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.2M |
| Total Expenses | $9.8M |
| Surplus / Deficit | $-578,374 |
| Total Assets | $1.5M |
| Total Liabilities | $1.1M |
| Net Assets | $339K |
| Operating Margin | -6.3% |
| Debt-to-Asset Ratio | 77.1% |
| Months of Reserves | 1.8 months |
Financial Health Grade: D
In 2023, Graceworks Lutheran Services Health Benefit Trust reported a deficit of $578K with expenses exceeding revenue, holds 1.8 months of operating reserves (limited), has a debt-to-asset ratio of 77.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Graceworks Lutheran Services Health Benefit Trust's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.4% | +56.7% | -6.3% |
| 2022 | -4.1% | -25.7% | +72.7% |
| 2021 | +31.1% | +42.5% | -7.8% |
| 2020 | +11.5% | +14.7% | +11.4% |
| 2019 | +16.4% | +2.8% | +8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Graceworks Lutheran Services Health Benefit Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Graceworks Lutheran Services Health Benefit Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $578K, with expenses exceeding revenue.
- Debt-to-asset ratio: 77.1%.
Frequently Asked Questions about Graceworks Lutheran Services Health Benefit Trust
Is Graceworks Lutheran Services Health Benefit Trust a legitimate charity?
Graceworks Lutheran Services Health Benefit Trust (EIN: 311273785) is a registered tax-exempt nonprofit based in Ohio. It has 13 years of IRS 990 filings on record. Total revenue: $9.2M. No red flags identified. Financial health grade: D.
How does Graceworks Lutheran Services Health Benefit Trust spend its money?
Graceworks Lutheran Services Health Benefit Trust reported $9.2M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Graceworks Lutheran Services Health Benefit Trust tax-deductible?
Graceworks Lutheran Services Health Benefit Trust is registered as a tax-exempt nonprofit (EIN: 311273785). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Graceworks Lutheran Services Health Benefit Trust located?
Graceworks Lutheran Services Health Benefit Trust is headquartered in Dayton, Ohio and files with the IRS under EIN 311273785.
How many years of IRS 990 filings does Graceworks Lutheran Services Health Benefit Trust have?
Graceworks Lutheran Services Health Benefit Trust has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9.2M in total revenue.
Filing History
IRS 990 filing history for Graceworks Lutheran Services Health Benefit Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Graceworks Lutheran Services Health Benefit Trust's revenue has grown by 168.6%, moving from $3.4M to $9.2M. Total assets increased by 34.1% over the same period, from $1.1M to $1.5M. Total functional expenses rose by 167%, from $3.7M to $9.8M. In its most recent filing year (2023), Graceworks Lutheran Services Health Benefit Trust reported a deficit of $578K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $1.5M in assets (debt-to-asset ratio: 77.1%), resulting in net assets of $339K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.2M | $9.8M | $1.5M | $1.1M | — | View 990 |
| 2022 | $7.3M | $6.3M | $1.6M | $657K | — | View 990 |
| 2021 | $7.7M | $8.4M | $912K | $1.1M | — | — |
| 2020 | $5.8M | $5.9M | $988K | $415K | — | — |
| 2019 | $5.2M | $5.1M | $887K | $254K | — | View 990 |
| 2018 | $4.5M | $5.0M | $817K | $282K | — | View 990 |
| 2017 | $5.1M | $4.8M | $1.6M | $577K | — | View 990 |
| 2016 | $5.2M | $5.2M | $1.1M | $360K | — | View 990 |
| 2015 | $5.7M | $5.4M | $895K | $196K | — | View 990 |
| 2014 | $4.7M | $5.0M | $894K | $425K | — | View 990 |
| 2013 | $3.9M | $4.2M | $1.0M | $283K | — | View 990 |
| 2012 | $3.8M | $3.7M | $1.2M | $236K | — | View 990 |
| 2011 | $3.4M | $3.7M | $1.1M | $221K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.2M, expenses of $9.8M, and assets of $1.5M (revenue +25.4% year-over-year).
- 2022: Revenue of $7.3M, expenses of $6.3M, and assets of $1.6M (revenue -4.1% year-over-year).
- 2021: Revenue of $7.7M, expenses of $8.4M, and assets of $912K (revenue +31.1% year-over-year).
- 2020: Revenue of $5.8M, expenses of $5.9M, and assets of $988K (revenue +11.5% year-over-year).
- 2019: Revenue of $5.2M, expenses of $5.1M, and assets of $887K (revenue +16.4% year-over-year).
- 2018: Revenue of $4.5M, expenses of $5.0M, and assets of $817K (revenue -11.8% year-over-year).
- 2017: Revenue of $5.1M, expenses of $4.8M, and assets of $1.6M (revenue -1.9% year-over-year).
- 2016: Revenue of $5.2M, expenses of $5.2M, and assets of $1.1M (revenue -8.2% year-over-year).
- 2015: Revenue of $5.7M, expenses of $5.4M, and assets of $895K (revenue +19.8% year-over-year).
- 2014: Revenue of $4.7M, expenses of $5.0M, and assets of $894K (revenue +20.2% year-over-year).
- 2013: Revenue of $3.9M, expenses of $4.2M, and assets of $1.0M (revenue +5.0% year-over-year).
- 2012: Revenue of $3.8M, expenses of $3.7M, and assets of $1.2M (revenue +9.4% year-over-year).
- 2011: Revenue of $3.4M, expenses of $3.7M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Graceworks Lutheran Services Health Benefit Trust:
Data Sources and Methodology
This transparency report for Graceworks Lutheran Services Health Benefit Trust 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.