Grace Financial

Legal name: Grace Brethren Investment Foundation Inc

Nonprofit profile at a glance

EIN
351085585
IRS 990 coverage
2010–2015
Official website data refreshed
Sep 2026
Forms available
Form 990 2015
Location
Winona Lake, IN, USA
Phone
5742675161
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support
Affiliation
Christianity

Official website

Reported finances

Revenue
$4,308,354
Expenses
$3,989,232
Assets
$110,003,022
Liabilities
$100,533,599

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • Ken Seyfert (CEO/President)
  • Ryan Bowell (Vice President)

Highest reported compensation

  • Ken Seyfert (CEO/President): $147,494 total reported compensation
  • Brenda Byers (Secretary/Treasurer): $107,245 total reported compensation
  • Ryan Bowell (Vice President): $101,019 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Grace Financial taps into the incredible potential for churches, ministries, leaders and individuals in the Charis Fellowship to unite in common mission.

What it reported doing in 2015

Grace Brethren Investment Foundation assists in the extension of Christian work by contributing and loaning funds to Grace Brethren churches, conventions, or associations of churches, Grace Brethren schools, and affiliated organizations. The organization accomplishes this purpose by enabling individuals who support the objectives of the Fellowship to invest in funds which earn interest compounded daily and thereby to provide a source of funding, in the form of capital loans, for acquiring, developing, and remodeling land and buildings for churches, schools, and other associated organizations.

Operating model

Revenue model
Earned-program. 82% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Revenue has declined or grown slowly and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 89
  • Accountability: 100
  • Sustainability: 64
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.1%; rating input score 66
  • Program expense ratio: 85.1%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 11th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 95.1%; rating input score 95; 29th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 7.4%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 27.57; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.91; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 9.1%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 5% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: -0.1% per year; rating input score 0; 25th percentile among comparable filings
  • Asset growth: 4.2% per year; rating input score 100; 49th percentile among comparable filings

Details

  • What they do: 1 operating location identified
  • Where the money goes: 66.1% of revenue deployed · 85.1% of spending went to programs
  • Governance: 10 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3.4M in reported program spending
  • Leadership: top reported pay $147K · 13 people listed
  • Consistency: 35 of 36 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2010 to 2015
  • Contacts: How to reach this organization
  • Money network: 28 filed money-flow records
  • Related organizations: 18 filed related-organization links
  • 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.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 26/100.