Grace Alaska Inc

Nonprofit profile at a glance

EIN
721525990
IRS 990 coverage
2011–2023
Forms available
Form 990 2023
Location
Anchorage, AK, USA
Phone
9073013073
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Nonprofit Management
Affiliation
Christianity

Official website

Reported finances

Revenue
$775,305
Expenses
$614,853
Assets
$511,700
Liabilities
$218,093

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • ROB FISCHER (V PRESIDENT/)
  • SUE FLOYD (PRESIDENT)

Highest reported compensation

  • ADAM LEGG (EXECUTIVE DI): $77,600 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Gracealaska is a life-changing coalition of corporations, businesses, faith-based organizations and churches that demonstrate god's heart to alaskans by meeting practical needs. Gracealaska meets practical needs primarily through volunteer service.

What it reported doing in 2023

The priceless program is an anti-sex trafficking organization that walks with victims to find new life while meeting practical needs. This program helps these women connect to resources ranging from emergency and long-term housing, counseling, medical and legal services, job training, education completion, relocations services, and mobile food pantry connections.

Operating model

Revenue model
Donor-supported. 71% of the money available for current operations came from contributions and gifts.
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

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 53
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.1%; rating input score 59
  • Program expense ratio: 74.5%; rating input score 74
  • Fundraising efficiency: $50.76 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 20.7%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 0.83; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 0.43; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 12.6%; rating input score 28; 28th percentile among comparable filings

Growth

  • Program expense growth: 0.8% per year; rating input score 100; 23rd percentile among comparable filings
  • Revenue growth: -15.9% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -32.8% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 59.1% of revenue deployed · 74.5% of spending went to programs
  • Governance: 5 of 5 board members independent · 6 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $458K in reported program spending
  • Leadership: top reported pay $78K · 6 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 12 filing years from 2011 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 59/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.
  • High — Sustainability: Officer compensation ratio scored 28/100.