GRIT INC

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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

1972

Legal Domicile

Principal Officer

MARY DYSLESKI

Phone

5708230127

Tax Period

2025-01-01 to 2025-12-31

GRIT INC, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 4% surplus.

Mission

TO PROVIDE AFFORDABLE APARTMENT RENTALS FOR THE ELDERLY

Program Service Accomplishments

Program 1

Expenses: $1,462,119 Revenue: $2,005,064

APARTMENT RENTAL FOR THE ELDERLY, 153 UNITS RENTED TO THE ELDERLY. ALL SERVICES, WHICH INCLUDE LAUNDRY, VENDING MACHINES AND PARKING ARE EXCLUSIVELY FOR THE ELDERLY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,005,064

Investment Income $1,566

Other Revenue $0

TOTAL REVENUE $2,006,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $341,413

Fundraising Expenses $0

Program Expenses $1,462,119

Other Expenses $1,586,945

TOTAL EXPENSES $1,928,358

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,006,630	$1,802,650	+0.1%
Expenses	$1,928,358	$1,861,151	+0.0%
Net Income	$78,272	$-58,501	-2.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY DYSLESKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER WARABAK	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPH L VULLO ESQUIRE	OTHER MEMBER	1.00	Director	$0	$0	$0
EILEEN MELONE	OTHER MEMBER	1.00	Director	$0	$0	$0
DAVID RITTER	OTHER MEMBER	1.00	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	$2,006,630	$1,928,358	$3,237,570	$78,272
2024	$1,802,650	$1,861,151	$3,272,645	$-58,501
2023	$1,669,364	$1,763,826	$3,263,764	$-94,462
2022	$1,616,011	$1,743,553	$3,396,046	$-127,542
2021	$1,683,741	$1,605,017	$3,568,821	$78,724
2020	$1,663,141	$1,565,652	$3,522,945	$97,489
2019	$1,628,128	$1,507,368	$3,465,364	$120,760
2018	$1,440,274	$1,460,535	$3,648,321	$-20,261