Grandview Second Corporation (EIN 222812929) - 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

1987

Legal Domicile

Principal Officer

MARY MARRAN

Phone

4014556267

Tax Period

2023-10-01 to 2024-09-30

Grandview Second Corporation, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $273K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $401K exceeded revenue, resulting in a 47% operating deficit.

Mission

GRANDVIEW SECOND CORPORATION WAS ORGANIZED IN 1987 TO OWN AND ADMINISTER THE HUD SECTION 811 MORTGAGE; IN CONJUNCTION WITH AND IN SUPPORT OF THE PROVIDENCE CENTER, INC.

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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 $0

Program Service Revenue $272,700

Investment Income $592

Other Revenue $0

TOTAL REVENUE $273,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $360,783

Other Expenses $400,871

TOTAL EXPENSES $400,871

Year-over-Year Comparison

	2023	2022	Change
Revenue	$273,292	$291,319	-0.1%
Expenses	$400,871	$370,509	+0.1%
Net Income	$-127,579	$-79,190	+0.6%

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

$1,130,545

Total Directors

$790,037

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY MARRAN	PRESIDENT - TRUSTEE	55.0	Officer Director	$0	$83,575	$790,037
STEPHEN E BURKE	VP OF FINANCE	55.0	Officer	$0	$16,266	$340,508
JAMES A BOTVIN	SECRETARY - TRUSTEE	1.0	Officer Director	$0	$0	$0
JANA M PLANKA	TREASURER - TRUSTEE	1.0	Officer 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	$273,292	$400,871	$867,478	$-127,579
2023	$291,319	$370,509	$896,437	$-79,190
2022	$326,596	$310,627	$966,217	$15,969
2021	$469,781	$326,399	$909,710	$143,382
2020	$248,034	$261,258	$917,467	$-13,224

Grandview Second Corporation