Grace Network of Martinsville & Henry Co (EIN 203111703) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

Jim Reaghard

Phone

2766388500

Tax Period

2023-07-01 to 2024-06-30

Grace Network of Martinsville & Henry County, founded in 2006, is a small nonprofit in the Human Services sector that reported $553K in total revenue in fiscal year 2017. Expenses of $528K left a modest 5% surplus.

Mission

Assistance to the underprivileged.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $497,071

Program Service Revenue $0

Investment Income $22,338

Other Revenue $5,085

TOTAL REVENUE $524,494

Expense Breakdown

Grants Paid $346,941

Salaries & Benefits $89,372

Fundraising Expenses $11,989

Program Expenses $477,827

Other Expenses $90,009

TOTAL EXPENSES $526,322

Year-over-Year Comparison

	2023	2022	Change
Revenue	$524,494	$590,877	-0.1%
Expenses	$526,322	$500,165	+0.1%
Net Income	$-1,828	$90,712	-1.0%

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

668

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
Larissa Rash	Member	0.25	Director	$0	$0	$0
Matthew Brown	Vice President	0.25	Officer Director	$0	$0	$0
Frances Tucker	Member	0.25	Director	$0	$0	$0
Dennis Knight	Member	1.25	Director	$0	$0	$0
Mary Nester	Member	0.25	Director	$0	$0	$0
Shannon Menefee	Member	0.25	Director	$0	$0	$0
Joyce Staples	Member	1.00	Director	$0	$0	$0
Linda Dorr	Member	4.25	Director	$0	$0	$0
Bobby Joyce	Member	8.25	Director	$0	$0	$0
Gene Teague	Member	1.25	Director	$0	$0	$0
Lillian Holland	Secretary	4.25	Officer Director	$0	$0	$0
Devin Page	Treasurer	2.00	Officer Director	$0	$0	$0
Rick Curry	Member	4.25	Director	$0	$0	$0
Jim Reaghard	President	4.25	Officer Director	$0	$0	$0
Beverly Lyle	Member	0.25	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
2025	No data	No data	No data	No data
2024	$524,494	$526,322	$794,744	$-1,828
2023	$590,877	$500,165	$827,529	$90,712
2022	$438,768	$442,084	$637,310	$-3,316
2021	$485,201	$379,125	$640,826	$106,076
2020	$465,874	$406,330	$534,691	$59,544
2019	$483,763	$500,872	$474,919	$-17,109
2018	$552,714	$527,571	$491,896	$25,143

Grace Network of Martinsville & Henry Co