GREYSTON HEALTH SERVICES INC (EIN 133668065) - 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

1991

Legal Domicile

Principal Officer

ANDREW YU

Phone

9143763900

Tax Period

2023-01-01 to 2023-12-31

GREYSTON HEALTH SERVICES INC, founded in 1991, is a micro nonprofit in the Unknown sector that reported $69K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $329K exceeded revenue, resulting in a 379% operating deficit.

Mission

FOUNDED 1982, GREYSTON HAS GROWN INTO ONE OF THE COUNTRY'S LEADING SOCIAL ENTERPRISES. GREYSTON'S MISSION IS TO UNLOCK THE POWER OF HUMAN POTENTIAL THROUGH INCLUSIVE EMPLOYMENT, ONE PERSON AT A TIME. WE PROVIDE PATHS TO EMPLOYMENT AND COMMUNITY PROGRAMMING TO ANYONE IN NEED TO ASSIST OUR NEIGHBORS, AND MEET OUR COMBINED SOCIAL, ENVIRONMENTAL, AND FINANCIAL GOALS. GREYSTON PROMOTES INCLUSION, OFFERS SUPPORT TO DISENFRANCHISED PEOPLE, BATTLES AGAINST SYSTEMIC INEQUITIES, AND ADVOCATES FOR A LEVEL PLAYING FIELD FOR ALL, REGARDLESS OF THEIR PASTS. FOR NEARLY 40 YEARS, GREYSTON HAS OPENED ITS DOORS TO THOSE WHO ORDINARILY FACE REJECTION, AND HAS PROVIDED INDIVIDUALS AND COMMUNITIES STRUGGLING TO PROSPER AN OPPORTUNITY TO THRIVE. WHEN PEOPLE SAY THEY WANT TO WORK, WE GIVE THEM A CHANCE, REPLACING SCRUTINY WITH TRUST, TRANSFORMING LIVES AND COMMUNITIES, AND BREAKING THE CYCLES OF POVERTY IN THE PROCESS. GREYSTON CREATES PATHWAYS TO SUCCESS THROUGH A VARIETY OF WORKFORCE AND EMPLOYEE TRAINING AND DEVELOPMENT PROGRAMS, AND SCALES OUR MISSION THROUGH THE GREYSTON ECONOMIC OPPORTUNITY CENTER (GEOC), SHARING OUR EXPERTISE AND EXPERIENCE WITH BUSINESS LEADERS, AND GUIDING COMPANIES IN BUILDING MORE INCLUSIVE WORKFORCES.

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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 $0

Program Service Revenue $68,561

Investment Income $84

Other Revenue $0

TOTAL REVENUE $68,645

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $317,566

Other Expenses $329,066

TOTAL EXPENSES $329,066

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,645	$48,382	+0.4%
Expenses	$329,066	$369,040	-0.1%
Net Income	$-260,421	$-320,658	-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

N/A

Volunteers

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

$490,297

Total Directors

$323,201

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH D KENNER	PRESIDENT & CEO	13.00	Officer Director	$0	$8,617	$323,201
ANDREW YEARLEY	CHAIR	1.00	Officer Director	$0	$0	$0
JO SAUER	SECRETARY	1.00	Officer Director	$0	$0	$0
TY HOOKWAY	TREASURER	1.00	Officer Director	$0	$0	$0
JUSTIN AREST	DIRECTOR	1.00	Director	$0	$0	$0
AILEEN BURDICK	DIRECTOR	1.00	Director	$0	$0	$0
RAMI EFAL	DIRECTOR	1.00	Director	$0	$0	$0
DARRAH FELDMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN JOVE	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY LEE	DIRECTOR	1.00	Director	$0	$0	$0
GABRIELLE LESSER	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA MIRRIONE	DIRECTOR	1.00	Director	$0	$0	$0
CANDICE COOK SIMMONS	DIRECTOR	1.00	Director	$0	$0	$0
DR AUDREY TOMLINSON	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW YU	VP, FINANCE & OPS	13.00	Officer	$0	$3,923	$167,096

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	No data	No data	No data	No data
2023	$68,645	$329,066	$3,995,603	$-260,421
2022	$48,382	$369,040	$4,207,030	$-320,658
2021	$441,133	$1,034,805	$4,445,682	$-593,672
2020	$3,400,435	$1,536,832	$5,334,073	$1,863,603
2019	$1,208,181	$1,282,105	$3,335,393	$-73,924
2018	$1,439,867	$1,490,761	$3,441,785	$-50,894

GREYSTON HEALTH SERVICES INC