Chains of Grace Inc
Nonprofit profile at a glance
- EIN
- 474859287
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-EZ 2016, Form 990-N 2015
- Location
- Midlothian, TX, USA
- Phone
- 9727401917
- Rating
- 51
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Inmate Support
Reported finances
- Revenue
- $139,270
- Expenses
- $110,719
- Assets
- $681,525
- Liabilities
- $161,092
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Rick Davis (Executive Director)
Highest reported compensation
- Rick Davis (Executive Director): $36,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide resources and support to current and former prison inmates, which includes, but not limited to, providing care packages and funds to prison inmates and their families, assistance with job location and placement for former prison inmates, and establishment of group home
What it reported doing in 2024
Inmate support: Provide literature and messages to individuals who are incarerated as well as support and guidance for individuals seeking housing in order to qualify for parole. The Christmas Celebration is an annual event to celebrate the Advent of Christ with persons who have been with our ministry as parolees for any part of the year. Meals and Christmas gifts of clothing and Bibles are provided. The Success Celebration is an annual event put on by the County Partnership Council of Tarrant County, intended to honor men and women who have lived out their parole successfully.
Operating model
- Revenue model
- Earned-program. 67% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 37
- Transparency & Controls: 100
- Accountability: 10
- Sustainability: 62
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 37.8%; rating input score 38
- Program expense ratio: 47.6%; rating input score 48
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 20.5%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 6.16; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 32.5%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: -7.7% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: -15.1% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 6.1% per year; rating input score 100; 52nd percentile among comparable filings
Details
- Where the money goes: 37.8% of revenue deployed · 47.6% of spending went to programs
- Governance: 0 of 8 board members independent · 2 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $53K in reported program spending
- Leadership: top reported pay $36K · 10 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
- High — Accountability: Independent voting board scored 0/100.
- Moderate — Financial Efficiency: Program expense ratio scored 48/100.
- High — Accountability: Governance controls: 5 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 9/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.