GRACIOUS HOMES INC (EIN 050605425) - 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

2008

Legal Domicile

Principal Officer

GRACE COWENS

Phone

2699662947

Tax Period

2024-01-01 to 2024-12-31

GRACIOUS HOMES INC, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $182K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $39K, a strong 21% operating margin.

Mission

GRACIOUS HOMES ASSISTS WOMEN IN BATTLE CREEK, MICHIGAN AND SURROUNDING COMMUNITIES WHO NEED TRANSITIONAL HOUSING. THE WOMEN WHO ARE ASSISTED COME FOR ANY OF SEVERAL REASONS. THEY MAY BE: 1. RECOVERING FROM DRUGS OR ALCOHOL DEPENDENCY AND NEED HELP GETTING ON THEIR FEET AGAIN. 2. RECEIVING ASSISTANCE FROM OTHER PROGRAMS BUT NEED TRANSITIONAL HOUSING (I.E. SAFE PLACE, IN-AS-MUCH AND CALHOUN COUNTY DRUG COURT). 3. IN BETWEEN PERMANENT HOUSING BECAUSE THEY HAVE LOST THEIR HOMES AND NEED HELP GETTING STARTED AGAIN. 4. MOVING FROM INCARCERATION BACK INTO THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $181,812

Program Service Revenue $100

Investment Income $120

Other Revenue $0

TOTAL REVENUE $182,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,438

Fundraising Expenses $0

Program Expenses $137,767

Other Expenses $52,733

TOTAL EXPENSES $143,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$182,032	$130,313	+0.4%
Expenses	$143,171	$83,642	+0.7%
Net Income	$38,861	$46,671	-0.2%

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

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRACE COWENS	EXECUTIVE DI	N/A	Director	$0	$0	$0

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	$182,032	$143,171	$98,492	$38,861
2023	$130,313	$83,642	$59,086	$46,671
2022	$53,638	$52,366	$7,180	$1,272

GRACIOUS HOMES INC