GROUNDED SOLUTIONS NETWORK

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

TONY PICKETT

Phone

5034931000

Tax Period

2024-01-01 to 2024-12-31

GROUNDED SOLUTIONS NETWORK, founded in 2006, is a community nonprofit in the Mental Health sector that reported $9.4M in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.8M, a strong 30% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO CULTIVATE COMMUNITIES - EQUITABLE, INCLUSIVE, AND RICH IN OPPORTUNITY - BY ADVANCING AFFORDABLE HOUSING SOLUTIONS THAT LAST FOR GENERATIONS.

Program Service Accomplishments

Program 1

Expenses: $939,664 Revenue: $373,925

THE INNOVATIVE FINANCE PROGRAM DEVELOPS CAPITAL SOLUTIONS AND REAL ESTATE STRATEGIES TO HELP THE FIELD OF SHARED EQUITY HOUSING PROGRAMS SCALE THEIR PORTFOLIOS.

Program 2

Expenses: $1,323,720 Revenue: $296,027

THE TECHNICAL ASSISTANCE PROGRAM PROVIDES TECHNICAL ASSISTANCE, TRAINING, TOOLS, AND RESOURCES TO NONPROFITS AND PUBLIC AGENCIES TO HELP SCALE THE FIELD OF HOUSING PROGRAMS WITH LASTING AFFORDABILITY.

Program 3

Expenses: $753,958 Revenue: $737,717

THE HOMEKEEPER PROGRAM PROVIDES AN INNOVATIVE TECHNOLOGY SOLUTION TO HELP HOUSING PROFESSIONALS STREAMLINE THE WAY THEY MANAGE AND REPORT ON THEIR HOMEOWNERSHIP AND HOUSING COUNSELING PROGRAM DATA...

THE HOMEKEEPER PROGRAM PROVIDES AN INNOVATIVE TECHNOLOGY SOLUTION TO HELP HOUSING PROFESSIONALS STREAMLINE THE WAY THEY MANAGE AND REPORT ON THEIR HOMEOWNERSHIP AND HOUSING COUNSELING PROGRAM DATA, SO THEY CAN MORE EFFICIENTLY RUN THEIR PROGRAMS AND MEASURE THEIR IMPACT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,015,120

Program Service Revenue $1,661,831

Investment Income $660,843

Other Revenue $19,528

TOTAL REVENUE $9,357,322

Expense Breakdown

Grants Paid $207,666

Salaries & Benefits $4,315,994

Fundraising Expenses $394,916

Program Expenses $5,040,249

Other Expenses $2,008,551

TOTAL EXPENSES $6,532,211

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,357,322	$15,949,062	-0.4%
Expenses	$6,532,211	$6,287,355	+0.0%
Net Income	$2,825,111	$9,661,707	-0.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$761,740

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MONTE	BOARD MEMBER	1.00	Director	$0	$0	$0
JACOB NOONAN	BOARD MEMBER	1.00	Director	$0	$0	$0
HALA FARID	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
GARRICK GOOD	SECRETARY	1.00	Officer Director	$0	$0	$0
LISA VARON	BOARD MEMBER	1.00	Director	$0	$0	$0
GERMAINE SMITH-BAUGH	PRESIDENT	1.00	Officer Director	$0	$0	$0
FATHIA MACAULEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT HAMMOND	BOARD MEMBER	1.00	Director	$0	$0	$0
MIGUEL GAVALDON	BOARD MEMBER	1.00	Director	$0	$0	$0
LOU TISLER	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN BYNUM	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN FREDERICK	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREANECIA MORRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY MALDONALDO	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER DEAN	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID SMITH	CHIEF PROGRAM OFFICER	40.00	Officer	$174,290	$0	$174,290
RACHEL SILVER	CHIEF OPERATING OFFICER	40.00	Officer	$250,000	$1,200	$251,200
CEDERICK ANTHONY PICKETT	CHIEF EXECUTIVE OFFICER	40.00	Officer	$336,250	$0	$336,250
PAHNITI TOSUKSRI	DIRECTOR OF PRODUCT, HOMEKEEPER	40.00	Highest	$137,550	$1,200	$138,750
CIELO CONTRERAS	VICE PRESIDENT OF DEVELOPMENT	40.00	Highest	$138,902	$0	$138,902
CARA NICOLE PURCELL	DIRECTOR OF INNOVATIVE FINANCE	40.00	Highest	$138,908	$1,200	$140,108
DOUGLAS RYAN	VICE PRESIDENT OF HOUSING POLICY	40.00	Highest	$170,313	$0	$170,313
DEVIN E CULBERTSON	VICE PRESIDENT OF INNOVATIVE FINANCE	40.00	Highest	$177,633	$1,200	$178,833
TIFFANY TROY PANGANIBAN	FORMER DIRECTOR OF OPERATIONS	40.00		$137,280	$1,200	$138,480

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	$9,357,322	$6,532,211	$21,221,462	$2,825,111
2023	$15,949,062	$6,287,355	$18,278,968	$9,661,707
2023	$15,949,062	$6,287,355	$18,278,968	$9,661,707
2022	$4,060,693	$4,876,270	$8,282,848	$-815,577
2021	$7,978,503	$3,691,436	$9,748,987	$4,287,067
2020	$4,048,680	$4,192,901	$5,209,872	$-144,221
2019	$5,344,804	$4,213,750	$4,819,773	$1,131,054
2018	$4,214,830	$4,066,106	$3,567,782	$148,724