Tri-grace Ministries Inc
Nonprofit profile at a glance
- EIN
- 562530387
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-EZ 2010
- Location
- Ephraim, UT, USA
- Phone
- 4352830178
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Christianity
- Affiliation
- Christianity
Reported finances
- Revenue
- $567,892
- Expenses
- $547,089
- Assets
- $354,963
- Liabilities
- $9,582
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Highest reported compensation
- Kimberly Jones (Executive Co-Director): $45,405 total reported compensation
- Jeffrey Jones (Executive Co-Director): $45,405 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Tri-Grace Ministries is dedicated to fulfilling the Great Commission by mobilizing, supporting, and empowering students, vocational and short-term missionaries to engage in evangelism, discipleship, and service by providing teaching, training, and outreach opportunities to those impacted by Mormonism.
What it reported doing in 2024
Tri-Grace Ministries (TGM) staff and interns reached thousands of people each year at Snow College and the Sanpete County valley by serving throughout the community and hosting many non-profit activities. The organization hosted multiple college-age and church mission teams from all over the country, investing in the people of Utah in the following ways: Tri-Grace interns (college and post-college age young adults) were discipled and equipped to be leaders in the local Christian community and the church at large. They served in the coffeeshop to be the "face" of the ministry to their peers, met with and discipled students who were questioning or growing in their faith, and participated in local service outreach at the Sanpete County food bank and local clothing bank. Hosted a Back to Snow Bash for college students in the fall, providing over 400 free dinners for students that attended. Cultivated relationships with numerous Christian churches and organizations that send mission teams to Utah. Staff attended mission conferences to promote internships and build awareness of the mission field in Utah. TGM provided training, educational materials, and opportunities for the teams to interact with unbelievers from a variety of backgrounds. TGM organized and attended outreaches to large events in Utah in order to provide evangelism opportunities for our staff and interns, our Christian students, and mission teams coming from out-of-state.
Operating model
- Revenue model
- Donor-supported. 79% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 92
- Accountability: 74
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.6%; rating input score 80
- Program expense ratio: 82.4%; rating input score 82
- Fundraising efficiency: $49.63 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: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 3.7%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 0.65; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 59; 59th percentile among comparable filings
- Officer compensation ratio: 16.6%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: 7.6% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: 8% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 2.5% per year; rating input score 100; 27th percentile among comparable filings
Details
- Where the money goes: 79.6% of revenue deployed · 82.4% of spending went to programs
- Governance: 9 of 9 board members independent · 3 of 8 filing controls reported
- Programs: 5 filed program accomplishments · $451K in reported program spending
- Leadership: top reported pay $45K · 9 people listed
- Consistency: 43 of 43 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 11 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 4 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 — Accountability: Governance controls: 4 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 47/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
- High — Sustainability: Officer compensation ratio scored 20/100.
- Review — Sustainability: Liabilities to assets ratio scored 59/100.