GRACE HOUSE OF ITASCA COUNTY (EIN 141974011) - 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

2007

Legal Domicile

Principal Officer

MEGAN HILBACK

Phone

2183262790

Tax Period

2023-01-01 to 2023-12-31

GRACE HOUSE OF ITASCA COUNTY, founded in 2007, is a small nonprofit in the Human Services sector that reported $617K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE SAFE, TEMPORARY SHELTER FOR INDIVIDUALS AND FAMILIES WHO ARE EXPERIENCING HOMELESSNESS AND CONNECT THEM TO COMMUNITY RESOURCES.

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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 $563,203

Program Service Revenue $0

Investment Income $10,492

Other Revenue $42,822

TOTAL REVENUE $616,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $278,937

Fundraising Expenses $53,602

Program Expenses $461,536

Other Expenses $320,054

TOTAL EXPENSES $598,991

Year-over-Year Comparison

	2023	2022	Change
Revenue	$616,517	$474,068	+0.3%
Expenses	$598,991	$392,394	+0.5%
Net Income	$17,526	$81,674	-0.8%

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

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

$75,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON OLEHEISER	Executive Dir.	40.00	Director	$75,000	$0	$75,000
TOM FASTELAND	Vice President	1.50	Officer Director	$0	$0	$0
PASTOR JIM CRECELIUS	Director	1.00	Director	$0	$0	$0
SANDY SAMPSON	Secretary	1.50	Officer Director	$0	$0	$0
HUGH QUINN	Treasurer	1.50	Officer Director	$0	$0	$0
MEGAN HILBACK	President	1.50	Officer Director	$0	$0	$0
JULIE WERNER	Director	1.00	Director	$0	$0	$0
MAC MCKINNEY	Director	1.00	Director	$0	$0	$0
ROB MATTEI	Director	1.00	Director	$0	$0	$0
ANDY MORGAN	Director	1.00	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	No data	No data	No data	No data
2023	$616,517	$598,991	$954,049	$17,526
2022	$474,068	$392,394	$936,426	$81,674
2021	$406,421	$337,225	$899,064	$69,196
2020	$431,353	$326,291	$791,095	$105,062
2019	$303,614	$251,977	$683,877	$51,637
2018	$301,833	$233,574	$632,126	$68,259

GRACE HOUSE OF ITASCA COUNTY