Grace Cottage Foundation (EIN 030343282) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

Charma Bonanno

Phone

8023659109

Tax Period

2023-10-01 to 2024-09-30

Grace Cottage Foundation, founded in 1994, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 59% operating margin.

Mission

Provide fundraising support for Carlos G. Otis Health Care Center, Inc., which provides health care services to the public.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,230,465

Program Service Revenue $0

Investment Income $500,321

Other Revenue $44,529

TOTAL REVENUE $3,775,315

Expense Breakdown

Grants Paid $1,061,273

Salaries & Benefits $0

Fundraising Expenses $429,010

Program Expenses $1,061,273

Other Expenses $475,582

TOTAL EXPENSES $1,536,855

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,775,315	$2,093,787	+0.8%
Expenses	$1,536,855	$1,898,324	-0.2%
Net Income	$2,238,460	$195,463	+10.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

213

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$609,858

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Kalchthaler	Director (start 11/2023)	1.00	Director	$0	$0	$0
Caroline Kronley	Director	1.00	Director	$0	$0	$0
Olivia Pennock	Director	1.00	Director	$0	$0	$0
Kevin Rogers	Director	1.00	Director	$0	$0	$0
Sheila Scheuerman	Director (end 11/2023)	1.00	Director	$0	$0	$0
Travis Shine	Director	1.00	Director	$0	$0	$0
Tracy Sloan	President	1.00	Officer Director	$0	$0	$0
Rachel Stettler	President (end 10/2023)	1.00	Officer Director	$0	$0	$0
Wendell Perkins	Vice President	1.00	Officer Director	$0	$0	$0
David Plants	Treasurer (end 10/2023)	1.00	Officer Director	$0	$0	$0
Suzanne Welch	Treasurer (start 10/2023)	1.00	Officer Director	$0	$0	$0
Patricia Mack	Secretary	1.00	Officer Director	$0	$0	$0
Douglas DiVello	CEO, OHCC	1.00	Officer	$0	$51,885	$423,291
Andrea E Seaton ex-officio	Executive Director	40.50	Officer	$0	$33,078	$186,567

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$3,775,315	$1,536,855	$12,479,862	$2,238,460
2023	$2,093,787	$1,898,324	$9,475,947	$195,463
2022	$2,243,943	$1,816,265	$8,867,503	$427,678
2021	$2,449,172	$1,837,565	$10,369,947	$611,607
2020	$1,798,491	$1,261,184	$9,089,367	$537,307
2019	$1,643,317	$1,314,333	$8,311,186	$328,984
2018	$1,690,675	$1,539,362	$7,902,276	$151,313

Grace Cottage Foundation