Mary Grace Memorial Fund (EIN 251915054) - 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

2005

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Mary Grace Memorial Fund, founded in 2005, is a small nonprofit in the Diseases & Disorders sector that reported $224K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring.

Mission

To raise money for cancer related charities throughout Ohio by organizing fundraising activities.

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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 $146,998

Program Service Revenue $76,828

Investment Income $29

Other Revenue $0

TOTAL REVENUE $223,855

Expense Breakdown

Grants Paid $198,097

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $214,449

Other Expenses $44,416

TOTAL EXPENSES $242,513

Year-over-Year Comparison

	2023	2022	Change
Revenue	$223,855	$363,572	-0.4%
Expenses	$242,513	$297,790	-0.2%
Net Income	$-18,658	$65,782	-1.3%

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

N/A

Volunteers

100

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
Stephanie Novicky	Race Board Trustee	1.00	Director	$0	$0	$0
Donald Grace	Race Board Trustee	1.00	Director	$0	$0	$0
Kevin Schramm	Race Board Trustee	1.00	Director	$0	$0	$0
Allison Grace	Race Board Trustee	1.00	Director	$0	$0	$0
Carol Constance	Race Board Trustee	1.00	Director	$0	$0	$0
Michael Meadows	Foundation Board Trustee	1.00	Director	$0	$0	$0
Cindy Gerity	Foundation Board Trustee	1.00	Director	$0	$0	$0
Steve Kranz	Foundation Board Trustee	1.00	Director	$0	$0	$0
Julie Root	Foundation Board Trustee	1.00	Director	$0	$0	$0
Mike Grace	Executive Director & Trustee	1.00	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	No data	No data	No data	No data
2023	$223,855	$242,513	$137,910	$-18,658
2022	$363,572	$297,790	$158,772	$65,782
2021	$88,455	$253,531	$91,333	$-165,076
2020	$221,082	$165,609	$255,862	$55,473
2019	$301,946	$151,747	$200,389	$150,199

Mary Grace Memorial Fund