GRACEMONT HOUSE INC (EIN 261616453) - 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

HOMER ALLISON

Phone

2812987999

Tax Period

2023-07-01 to 2024-06-30

GRACEMONT HOUSE INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $102K in total revenue in fiscal year 2023. Expenses of $139K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO OWN AND OPERATE AN APARTMENT PROJECT WITH 14 UNITS TO HOUSE DEVELOPMENTALLY DISABLED INDIVIDUALS AND HANDICAPPED PERSONS AND TO PROVIDE SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.

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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 $100,466

Investment Income $1,584

Other Revenue $0

TOTAL REVENUE $102,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,329

Fundraising Expenses $0

Program Expenses $123,844

Other Expenses $116,172

TOTAL EXPENSES $138,501

Year-over-Year Comparison

	2023	2022	Change
Revenue	$102,050	$94,788	+0.1%
Expenses	$138,501	$130,865	+0.1%
Net Income	$-36,451	$-36,077	+0.0%

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

$270,548

Total Directors

$270,548

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOMER ALLISON	PRESIDENT	0.25	Officer Director	$0	$0	$0
NANNETTE VALLIS	SECRETARY/TREASURER	1.00	Officer Director	$0	$17,567	$119,059
KENNETH TANN	VICE PRESIDENT	1.00	Officer Director	$0	$17,567	$151,489

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	No data	No data	No data	No data
2024	$102,050	$138,501	$1,069,584	$-36,451
2023	$94,788	$130,865	$1,104,147	$-36,077
2022	$92,121	$127,448	$1,147,126	$-35,327
2021	$92,687	$124,040	$1,176,904	$-31,353
2020	$94,084	$129,963	$1,209,821	$-35,879
2019	$91,493	$122,091	$1,251,017	$-30,598

GRACEMONT HOUSE INC