GRACE HOUSE INC (EIN 202023995) - 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

LEILA A FINUCANE

Phone

3014936000

Tax Period

2023-07-01 to 2023-12-31

GRACE HOUSE INC, founded in 2004, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring.

Mission

ASSISTED LIVING RESIDENCE FOR LOW- AND MODERATE-INCOME FRAIL ELDERLY PERSONS.

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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 $9,419

Program Service Revenue $1,206,104

Investment Income $2,664

Other Revenue $10,279

TOTAL REVENUE $1,228,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,234,021

Other Expenses $1,335,497

TOTAL EXPENSES $1,335,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,228,466	$2,404,844	-0.5%
Expenses	$1,335,497	$2,454,603	-0.5%
Net Income	$-107,031	$-49,759	+1.2%

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

$1,043,633

Total Directors

Key Employees

$577,459

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES POPE	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL GILL	DIRECTOR	0.50	Director	$0	$0	$0
DONALD TOMASSO	DIRECTOR	0.50	Director	$0	$0	$0
JACQUELINE R SMEDLEY	VICE PRESIDENT	1.00	Officer	$0	$43,589	$323,991
LEILA A FINUCANE	PRESIDENT & CEO	1.00	Officer	$0	$54,890	$466,442
SARAH O'RIELLY	SECRETARY (INCOMING)	1.00	Officer	$0	$40,398	$253,200
JEFFREY BLACKWELL	ASST SECRETARY	1.00	Key Emp	$0	$41,189	$286,392
MICHELLE M LIMERES	TREASURER	1.00	Key Emp	$0	$42,407	$291,067

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	$2,404,844	$2,454,603	$3,878,321	$-49,759
2023	$1,228,466	$1,335,497	$3,955,510	$-107,031
2022	$2,479,685	$2,526,011	$4,068,494	$-46,326
2021	$2,246,362	$2,471,243	$4,149,501	$-224,881
2020	$2,176,963	$2,252,717	$4,719,594	$-75,754
2019	$2,132,613	$2,093,541	$4,598,147	$39,072
2018	$1,978,682	$2,044,349	$4,658,714	$-65,667

GRACE HOUSE INC