GLORY HOUSE RECOVERY INCORPORATED (EIN 201978272) - 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

2004

Legal Domicile

Principal Officer

TERENNA WILLIAMS

Phone

5165659509

Tax Period

2024-01-01 to 2024-12-31

GLORY HOUSE RECOVERY INCORPORATED, founded in 2004, is a community nonprofit in the Mental Health sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

GLORY HOUSE IS A UNIQUE PROGRAM FOR WOMEN AND MEN WHO ARE STRUGGLING TO RECOVER FROM ADDICTION, SICKNESS AND DOMESTIC ABUSE. THE CORE MISSION OF GLORY HOUSE IS TO PROVIDE HOUSING AND TRANSITIONAL PROGRAMS TO CLIENTS IN ITS 19 BED RESIDENTIAL FACILITIY AND 14 BED RESID. FOR MEN

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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 $143,712

Program Service Revenue $990,544

Investment Income $28

Other Revenue $0

TOTAL REVENUE $1,134,284

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $560,823

Fundraising Expenses $56,717

Program Expenses $839,036

Other Expenses $557,403

TOTAL EXPENSES $1,119,226

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,134,284	$1,035,815	+0.1%
Expenses	$1,119,226	$1,010,643	+0.1%
Net Income	$15,058	$25,172	-0.4%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERENNA WILLIAMS	CEO	60.00	Officer Director	$0	$0	$0
LISA HARDING-GUY	President	2.00	Officer	$0	$0	$0
ROSA RICHARDSON	Vice President	2.00	Officer	$0	$0	$0
JEANNE ORCCHIOGROSSO	Secretary	2.00	Officer	$0	$0	$0
CHARLES RICHARDSON	CFO	2.00	Officer	$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	$1,134,284	$1,119,226	$352,509	$15,058
2023	$1,035,815	$1,010,643	$289,707	$25,172
2022	$907,515	$978,430	$354,144	$-70,915
2021	$1,092,842	$948,156	$424,308	$144,686
2020	$788,336	$802,079	$277,623	$-13,743
2019	$834,703	$867,850	$288,481	$-33,147
2019	$854,432	$884,638	$291,422	$-30,206
2018	$928,253	$783,496	$322,302	$144,757

GLORY HOUSE RECOVERY INCORPORATED