GRACE ADULT HOMES (EIN 260497909) - 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

2007

Legal Domicile

Principal Officer

JOSEPH N STEAKLEY

Phone

6153442936

Tax Period

2023-01-01 to 2023-12-31

GRACE ADULT HOMES, founded in 2007, is a micro nonprofit in the Housing & Shelter sector that reported $2K in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $97K exceeded revenue, resulting in a 4131% operating deficit.

Mission

TO BETTER THE ELDERLY THROUGH THE DEVELOPMENT OF LIVING COMMUNITIES WHICH PROVIDE LONG-TERM CARE SERVICE AND MEET THE PSYCHOLOGICAL NEEDS THROUGH RECREATION AND SOCIAL 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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $2,299

TOTAL REVENUE $2,299

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $97,267

TOTAL EXPENSES $97,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,299	$413,765	-1.0%
Expenses	$97,267	$483,348	-0.8%
Net Income	$-94,968	$-69,583	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANE BERRY	BOARD MEMBER	2.00	Director	$0	$0	$0
BROCK BREWER	BOARD MEMBER	2.00	Director	$0	$0	$0
BILL MCKEE	BOARD MEMBER	2.00	Director	$0	$0	$0
CYNTHIA LEMAY	BOARD MEMBER	2.00	Director	$0	$0	$0
BILL BREWER	SECRETARY	4.00	Officer Director	$0	$0	$0
T GREER CARR	PRESIDENT	4.00	Officer Director	$0	$0	$0
JOE N STEAKLEY	TREASURER	4.00	Officer Director	$0	$0	$0
JOE WALL	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
JOYCE SIEVER	BOARD MEMBER	2.00	Director	$0	$0	$0
GEORGE THOMPSON	BOARD MEMBER	2.00	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
2023	$2,299	$97,267	No data	$-94,968
2022	$413,765	$483,348	$2,681,598	$-69,583
2021	$984,190	$1,774,200	$2,989,599	$-790,010
2020	$1,636,758	$1,958,772	$3,351,199	$-322,014
2019	$1,353,556	$1,784,296	$3,494,464	$-430,740
2018	$1,765,927	$1,864,657	$3,875,521	$-98,730

GRACE ADULT HOMES