GRACE COURT INC (EIN 232299928) - 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

1984

Legal Domicile

Principal Officer

JOHN H COCHRANE III

Phone

6108341001

Tax Period

2024-01-01 to 2024-12-31

GRACE COURT INC, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.7M exceeded revenue, resulting in a 21% operating deficit.

Mission

ORGANIZATION OWNS AND OPERATES A 101 UNIT AFFORDABLE HOUSING PROJECT IN YEADON, PA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $951,830

Program Service Revenue $405,374

Investment Income $51,118

Other Revenue $6,774

TOTAL REVENUE $1,415,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,498

Fundraising Expenses $0

Program Expenses $1,643,134

Other Expenses $1,473,807

TOTAL EXPENSES $1,716,305

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,415,096	$1,460,768	0.0%
Expenses	$1,716,305	$1,687,911	+0.0%
Net Income	$-301,209	$-227,143	+0.3%

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

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

$4,748,269

Total Directors

$262,000

Key Employees

$1,474,806

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL STAMPER	CHAIR	0.20	Officer Director	$0	$0	$73,000
ALAN GRIFFITH	VICE CHAIR	0.10	Officer Director	$0	$0	$63,000
H DECLAN BROWN	SECRETARY	0.10	Officer Director	$0	$0	$63,000
REV MICHELLE HOLMES	BOARD MEMBER	0.10	Director	$0	$0	$63,000
REV RANDY L BARGE	BOARD MEMBER	0.10	Director	$0	$0	$0
HARRY G DITTMANN	BOARD MEMBER	0.10	Director	$0	$0	$0
KENNETH MCKEOWN	BOARD MEMBER	0.10	Director	$0	$0	$0
REV DR NANCY E MUTH	BOARD MEMBER	0.10	Director	$0	$0	$0
G ROBERT OVERHISER JR	BOARD MEMBER	0.10	Director	$0	$0	$0
WILLIAM G YOUNG SR	BOARD MEMBER (NON-VOTING)	0.10	Director	$0	$0	$0
JOHN H COCHRANE III	CHIEF EXECUTIVE OFFICER	0.50	Officer	$0	$292,739	$1,566,593
DANIEL OGUS	CHIEF OPERATING OFFICER	0.50	Officer	$0	$184,062	$1,147,903
ANDREW MCDONALD	CHIEF FINANCIAL OFFICER	0.50	Officer	$0	$84,590	$758,654
BETHANY GHASSEMI	CHIEF LEGAL OFFICER	0.50	Officer	$0	$71,504	$659,066
NICK LINDBERG	CHIEF INFORMATION OFFICE	0.50	Officer	$0	$3,983	$417,053
JAMES PARK	SVP CORPORATE COMMUNICATION	0.50	Key Emp	$0	$34,521	$305,685
ANIKA HARTOUNIAN	VP OF FINANCE	0.50	Key Emp	$0	$45,023	$430,662
CYNTHIA SALGADO	VP CORPORATE COMPLIANCE	0.50	Key Emp	$0	$15,387	$287,341
JENNIFER KAPPEN	SVP - AFFORDABLE HOUSING	18.00	Key Emp	$0	$48,298	$451,118

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	$1,415,096	$1,716,305	$6,238,274	$-301,209
2023	$1,460,768	$1,687,911	$6,597,087	$-227,143
2022	$1,305,612	$1,770,217	$6,903,938	$-464,605
2021	$1,282,824	$1,655,517	$7,157,158	$-372,693
2020	$1,255,173	$1,631,790	$7,629,059	$-376,617
2019	$1,228,418	$1,668,977	$8,106,396	$-440,559
2018	$1,226,253	$1,616,400	$8,718,968	$-390,147

GRACE COURT INC