Grace Community Health Center Inc (EIN 261779437) - 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

2008

Legal Domicile

Phone

6066588900

Tax Period

2024-01-01 to 2024-12-31

Grace Community Health Center Inc, founded in 2008, is a mid-sized nonprofit in the Health Care sector that reported $73.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

SHOW THE LOVE AND SHARE THE TRUTH OF JESUS CHRIST TO SOUTHEASTERN KY THROUGH ACCESS TO PRIMARY HEALTHCARE.

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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 $6,014,047

Program Service Revenue $67,282,243

Investment Income $589,683

Other Revenue $16,976

TOTAL REVENUE $73,902,949

Expense Breakdown

Grants Paid $21,168

Salaries & Benefits $41,391,015

Fundraising Expenses $0

Program Expenses $64,908,852

Other Expenses $32,397,606

TOTAL EXPENSES $73,809,789

Year-over-Year Comparison

	2024	2023	Change
Revenue	$73,902,949	$66,379,098	+0.1%
Expenses	$73,809,789	$61,493,276	+0.2%
Net Income	$93,160	$4,885,822	-1.0%

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

573

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

$1,474,451

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HIRAM CORNETT	VICE-CHAIRMAN	1.0	Officer Director	$0	$0	$0
JEFF HAMLIN	TREASURER	1.0	Officer Director	$0	$0	$0
KAREN HUBBS	SECRETARY	1.0	Officer Director	$0	$0	$0
MELVIN SCARBERRY	CHAIRMAN	1.0	Officer Director	$0	$0	$0
AMY RUSSELL	DIRECTOR	1.0	Director	$0	$0	$0
ANGIE SINGLEY	DIRECTOR	1.0	Director	$0	$0	$0
DAMON HUFF	DIRECTOR	1.0	Director	$0	$0	$0
DENO GRAY	DIRECTOR	1.0	Director	$0	$0	$0
JAMES ED GARRISON	DIRECTOR	1.0	Director	$0	$0	$0
LORETTA LYTTLE	DIRECTOR	1.0	Director	$0	$0	$0
MELINDA BOWLING	DIRECTOR	1.0	Director	$0	$0	$0
ROGER WEST	DIRECTOR	1.0	Director	$0	$0	$0
CHAD STEVENS	CFO	40.0	Officer	$318,988	$19,051	$338,039
JEFFREY CAMPBELL	COO	40.0	Officer	$302,860	$35,102	$337,962
KELLY EVANS	CMO/PHYSICIAN-INTERNIST	40.0	Officer	$357,262	$34,811	$392,073
MICHAEL STANLEY	CEO	40.0	Officer	$387,349	$19,028	$406,377
CHRISTINA BUTLER	PHYSICIAN / PEDIATRICIAN (CHAIR)	40.0	Highest	$497,249	$26,331	$523,580
ENRICO ASCANI	PHYSICIAN / OB-GYN	40.0	Highest	$391,439	$20,395	$411,834
KELVIN DALE PERRY	PHYSICIAN / FAMILY PHYSICIAN (SUPERVISOR)	40.0	Highest	$460,665	$14,969	$475,634
MISTY DANIELLE THOMPSON	PHYSICIAN / OB-GYN	40.0	Highest	$559,536	$36,224	$595,760
RACHEL BEVINS	PHYSICIAN / OB-GYN	40.0	Highest	$411,236	$19,795	$431,031

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	$73,902,949	$73,809,789	$90,477,776	$93,160
2023	$66,379,098	$61,493,276	$92,077,186	$4,885,822
2022	$50,849,319	$44,881,003	$70,283,162	$5,968,316
2021	$46,753,120	$34,430,369	$56,663,037	$12,322,751
2020	$35,372,841	$30,967,530	$32,861,616	$4,405,311
2019	$31,177,424	$28,162,882	$24,006,674	$3,014,542
2018	$29,665,794	$24,380,064	$21,669,961	$5,285,730

Grace Community Health Center Inc