TENAFLY, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRIENDS OF GRACE SENIORS INC, founded in 2000, is a small nonprofit in the Human Services sector that reported $786K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 93% operating deficit.
To promote healthy and independent living for all ages and to integrate the people with Korean Heritage into the greater community through culture and education, outreach, health and social services,and civic advocacy.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $785,789 | $509,229 | +0.5% |
| Expenses | $1,518,434 | $1,086,387 | +0.4% |
| Net Income | $-732,645 | $-577,158 | +0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KYUNGMUN NAM | EXECUTIVE OFFICER / CEO | 040.00 |
Officer
|
$60,000 | $0 | $60,000 |
| JUNGHYE AHN | DIRECTOR OF HEALTH AND SOCIAL SERVICES CARE MANAGER | 040.00 |
Officer
|
$50,000 | $0 | $50,000 |
| SEUNGHEE KANG | DIRECTOR OF OPERATIONS COMMUNICATIONS | 040.00 |
Officer
|
$49,000 | $0 | $49,000 |
| IL KYUNG SONG | CREATIVE DIRECTOR | 040.00 |
Officer
|
$40,000 | $0 | $40,000 |
| YOUNG DECK LEE | CARE MANAGER | 040.00 |
Officer
|
$37,000 | $0 | $37,000 |
| KEVIN SHIM | TRUSTEE AND SECRETARY | 001.00 |
Director
|
$0 | $0 | $0 |
| CONNIE CHOI | TRUSTEE | 001.00 |
Director
|
$0 | $0 | $0 |
| JASON CHON | TRUSTEE | 001.00 |
Director
|
$0 | $0 | $0 |
| DAVID LEE | TRUSTEE | 001.00 |
Director
|
$0 | $0 | $0 |
| SORA YOON | MANAGER OF PROGRAM ADMINI, RESIGNED | 040.00 |
Key Emp
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $785,789 | $1,518,434 | $5,970,025 | $-732,645 |
| 2022 | $509,229 | $1,086,387 | $6,829,799 | $-577,158 |
| 2021 | $792,004 | $897,633 | $5,596,974 | $-105,629 |
| 2021 | $819,464 | $882,249 | $5,639,811 | $-62,785 |
| 2020 | $696,845 | $943,252 | $5,847,880 | $-246,407 |
| 2019 | $1,184,043 | $1,065,404 | $5,852,662 | $118,639 |
| 2018 | $933,549 | $944,603 | $5,995,492 | $-11,054 |
Compare FRIENDS OF GRACE SENIORS INC with other nonprofits in New Jersey and across the country.