GRASP Inc (EIN 161497039) - 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

1997

Legal Domicile

Phone

5853689087

Tax Period

2024-01-01 to 2024-12-31

GRASP Inc, founded in 1997, is a small nonprofit in the Animal-Related sector that reported $275K in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $235K left a modest 15% surplus.

Mission

Assisting stray pets

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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 $161,673

Program Service Revenue $75,498

Investment Income $2,830

Other Revenue $35,385

TOTAL REVENUE $275,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $217,800

Other Expenses $234,825

TOTAL EXPENSES $234,825

Year-over-Year Comparison

	2024	2023	Change
Revenue	$275,386	$161,159	+0.7%
Expenses	$234,825	$172,089	+0.4%
Net Income	$40,561	$-10,930	-4.7%

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

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
Donna Beyea	Treasurer	20.00	Director	$0	$0	$0
Jill Richards	President	20.00	Director	$0	$0	$0
Lynn Tremblay	Coordinator	20.00	Director	$0	$0	$0
Matt Hart	Vice President	20.00	Director	$0	$0	$0
Tami Becker	Public Relation	20.00	Director	$0	$0	$0
Nora Hart	Secretary	20.00	Director	$0	$0	$0
Veronica Smith	Coordinator	20.00	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	$275,386	$234,825	$119,978	$40,561
2019	$229,768	$161,419	$80,172	$68,349

GRASP Inc