Grace Preparatory Academy 
The information on this page was last updated 7/22/2026. If you see errors or omissions, please email: [email protected]
Summary
The first university model school in the country, Grace Prep continues to set the standard for private Christian schools
Contact information
Mailing address:
Grace Preparatory Academy
3300 W. Interstate 20
Arlington, TX 76017
Website: graceprep.org
Phone: (817) 557-3399
Email: [email protected]
Organization details
EIN: 752484732
CEO/President: Susan Crosier
Chairman: Cassidy Moore
Board size: 4
Founder:
Ruling year: 2018
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
GPA partners with parents to provide a family-centric, Christ-centered, college preparatory education where students are allowed to further develop their God-given talents and virtues and become college-worthy character witnesses for Christ.
Mission statement
Our mission is to provide Christ-centered education that equips student growth. Every day, we see how God is shaping young hearts and minds through our commitment to academic and spiritual excellence.
Statement of faith
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: K-12 Schools/Academies
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 1089 of 1435 | 159 of 191 |
| Fund acquisition rating | | 1304 of 1435 | 186 of 191 |
| Resource allocation rating | | 1097 of 1435 | 152 of 191 |
| Asset utilization rating | | 401 of 1436 | 41 of 191 |
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 70% | 69% | 15% | 23% | 26% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 4% | 5% | 4% | 4% | 4% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 13% | 6% | 7% | 26% | 17% | 15% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 4% | 4% | 4% | 4% | 4% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 87% | 94% | 93% | 74% | 83% | 85% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 77% | 76% | 77% | 77% | 76% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 101% | 110% | 91% | 91% | 95% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 78% | 83% | 70% | 71% | 72% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | -1% | -10% | 9% | 9% | 5% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 6% | -3% | -21% | 20% | 20% | 12% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 19% | 20% | 19% | 18% | 20% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.54 | 0.71 | 0.68 | 0.66 | 0.62 | 0.56 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.99 | 5.29 | 6.20 | 5.42 | 7.72 | 8.19 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.80 | 3.76 | 4.23 | 3.56 | 4.80 | 4.62 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 2.80 | 1.11 | 0.98 | 1.68 | 0.97 | 0.97 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.35 | 0.90 | 1.02 | 0.59 | 1.03 | 1.03 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.98 | 0.33 | -0.04 | 1.37 | -0.08 | -0.08 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 29% | 71% | 71% | 65% | 70% | 77% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 117% | 41% | 42% | 53% | 47% | 41% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $1,229,073 | $1,087,464 | $1,433,934 | $958,554 | $921,119 |
| Receivables, inventories, prepaids | $147,999 | $130,892 | $169,264 | $98,811 | $82,053 |
| Short-term investments | $147,991 | $109,724 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,525,063 | $1,328,080 | $1,603,198 | $1,057,365 | $1,003,172 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $6,425,520 | $6,794,748 | $6,870,563 | $7,104,678 | $7,210,543 |
| Other long-term assets | $117,541 | $109,257 | $213,499 | $0 | $0 |
| Total long-term assets | $6,543,061 | $6,904,005 | $7,084,062 | $7,104,678 | $7,210,543 |
| Total assets | $8,068,124 | $8,232,085 | $8,687,260 | $8,162,043 | $8,213,715 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $246,068 | $243,762 | $7,286 | $62,637 | $106,027 |
| Other current liabilities | $1,121,984 | $1,105,193 | $944,556 | $1,028,275 | $929,043 |
| Total current liabilities | $1,368,052 | $1,348,955 | $951,842 | $1,090,912 | $1,035,070 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $4,361,119 | $4,509,814 | $4,727,941 | $4,661,335 | $5,259,331 |
| Total long-term liabilities | $4,361,119 | $4,509,814 | $4,727,941 | $4,661,335 | $5,259,331 |
| Total liabilities | $5,729,171 | $5,858,769 | $5,679,783 | $5,752,247 | $6,294,401 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $2,152,149 | $2,194,842 | $2,977,957 | $2,382,487 | $1,919,314 |
| With donor restrictions | $186,804 | $178,474 | $29,520 | $27,309 | $0 |
| Net assets | $2,338,953 | $2,373,316 | $3,007,477 | $2,409,796 | $1,919,314 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $335,703 | $354,896 | $1,622,333 | $965,371 | $751,883 |
| Program service revenue | $5,272,226 | $4,719,392 | $4,687,764 | $4,601,234 | $3,968,207 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $64,919 | $44,933 | $59 | $17 | $16 |
| Other revenue | ($7,425) | $848 | $2,871 | $956 | $152,728 |
| Total other revenue | $5,329,720 | $4,765,173 | $4,690,694 | $4,602,207 | $4,120,951 |
| Total revenue | $5,665,423 | $5,120,069 | $6,313,027 | $5,567,578 | $4,872,834 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $4,396,724 | $4,251,999 | $4,389,357 | $3,927,588 | $3,503,531 |
| Management and general | $1,093,663 | $1,115,600 | $1,084,049 | $927,884 | $936,960 |
| Fundraising | $236,287 | $246,517 | $241,940 | $221,624 | $195,780 |
| Total expenses | $5,726,674 | $5,614,116 | $5,715,346 | $5,077,096 | $4,636,271 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | ($61,251) | ($494,047) | $597,681 | $490,482 | $236,563 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($61,251) | ($494,047) | $597,681 | $490,482 | $236,563 |
Compensation
| Name | Title | Compensation |
| Susan Crosier | Head of Scho | $130,479 |
Compensation data as of: 6/30/2025
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 7/22/2026. To update the information below, please email: [email protected]