GRATITUDE FOUNDATION 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

2009

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

GRATITUDE FOUNDATION INC, founded in 2009, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $742K, a strong 65% operating margin.

Mission

TO PROVIDE BELOW MARKET LEASES FOR 501C3S THAT PROVIDE ADVOCACY, THERAPY, DRUG & ALCOHOL RECOVERY, JOB TRAINING & PLACEMENT, AND HOUSING SERVICES TO VICTIMIZED RECOVERING ADULTS & CHILDREN IN WEST YAVAPAI COUNTY.

Program Service Accomplishments

Program 1

Expenses: $393,423 Revenue: $445,679

WE LEASED BUILDING & EQUIPMENT TO 501C3S THAT PROVIDE SERVICES TO WOMEN & CHILDREN IN WEST YAVAPAI COUNTY THAT NEED SERVICES DUE TO DOMESTIC VIOLENCE, SEXUAL ASSAULT, DRUG/ALCOHOL RECOVERY...

WE LEASED BUILDING & EQUIPMENT TO 501C3S THAT PROVIDE SERVICES TO WOMEN & CHILDREN IN WEST YAVAPAI COUNTY THAT NEED SERVICES DUE TO DOMESTIC VIOLENCE, SEXUAL ASSAULT, DRUG/ALCOHOL RECOVERY, HOMELESSNESS ETC. THIS INCLUDES COUNSELING, EMPLOYMENTS, HOUSING, TRANSPORTATION SERVICES, AND AFFORDABLE LEASES TO SOCIAL ENTERPRISE PROJECTS WHERE FUNDS FROM THESE PROJECTS SUPPORT SERVICES TO ABOVE INDIVIDUALS. IN 2023, WE LEASED TO STEPPING STONES 5 2 BEDROOM / 2 BATH UNITS WELL BELOW MARKET RENTS FOR DOMESTIC VIOLENCE VICTIMS. WE LEASED TO STEP ONE FOUNDATION AT BELOW MARKET RENTS TO OPERATE THEIR 12 STEP BOOKSTORE, 12 STEP MEETING HALL, & THRIFT STORE SOCIAL ENTERPRISE.

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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 $700,136

Program Service Revenue $445,679

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,145,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $393,423

Other Expenses $404,108

TOTAL EXPENSES $404,108

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,145,815	$647,374	+0.8%
Expenses	$404,108	$401,794	+0.0%
Net Income	$741,707	$245,580	+2.0%

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

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

$200,475

Total Directors

$79,007

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE MERRITT	SECRETARY	2.00	Officer	$0	$0	$63,391
CORI BURKE	DIRECTOR	0.25	Director	$0	$0	$62,239
ALVA SANCHEZ	TREASURER	2.00	Officer	$0	$0	$61,016
ALEXIS MILLER	SECRETARY	2.00	Officer	$0	$0	$59,300
ROBIN C BURKE	PRESIDENT	2.00	Officer Director	$0	$0	$16,768
ERNIE ROY	DIRECTOR	0.25	Director	$0	$0	$0
SHENDA FINK	DIRECTOR	0.25	Director	$0	$0	$0
GINGER JOHNSON	DIRECTOR	0.25	Director	$0	$0	$0
PATRICIA ROBISON	DIRECTOR	0.25	Director	$0	$0	$0
ROBERT MOORE	DIRECTOR	0.25	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	$1,145,815	$404,108	$4,433,217	$741,707
2022	$647,374	$401,794	$3,836,886	$245,580
2021	$1,226,196	$550,332	$3,273,162	$675,864
2020	$838,055	$559,194	$4,837,595	$278,861