GRACEWOOD INC (EIN 311815830) - 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

2001

Legal Domicile

Principal Officer

VINICIA WHITE

Phone

5122553668

Tax Period

2023-01-01 to 2023-12-31

GRACEWOOD INC, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $5.7M exceeded revenue, resulting in a 100% operating deficit.

Mission

TO RESCUE CHILDREN AND THEIR SINGLE MOTHERS, ENSURING A BRIGHT FUTURE BY PROVIDING HOME, HOPE, AND HEALING.

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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 $2,770,701

Program Service Revenue $24,506

Investment Income $60,289

Other Revenue $0

TOTAL REVENUE $2,855,496

Expense Breakdown

Grants Paid $4,206,974

Salaries & Benefits $755,918

Fundraising Expenses $84,757

Program Expenses $5,605,025

Other Expenses $735,995

TOTAL EXPENSES $5,698,887

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,855,496	$2,356,840	+0.2%
Expenses	$5,698,887	$1,285,082	+3.4%
Net Income	$-2,843,391	$1,071,758	-3.7%

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

749

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

$427,968

Total Directors

$290,154

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM MEYERHOFF	CHAIR & TRUSTEE	1.00	Officer Director	$0	$0	$0
TODD ROBERSON	VICE CHAIR &TRUSTEE	1.00	Officer Director	$0	$44,977	$290,154
BETH BLACK	SECRETARY & TRUSTEE	1.00	Officer Director	$0	$0	$0
MARY ANN BALOCK	TRUSTEE	1.00	Director	$0	$0	$0
LORRAINE HIBBERT	TRUSTEE	1.00	Director	$0	$0	$0
SHANTERA CHATMAN	TRUSTEE	1.00	Director	$0	$0	$0
LORRAINE HIBBERT	TRUSTEE	1.00	Director	$0	$0	$0
KELLY RALEY	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA KIRK	TRUSTEE	1.00	Director	$0	$0	$0
KATHY KRONZER	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY MCAULEY	TRUSTEE	1.00	Director	$0	$0	$0
DANA MUNOZ	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN MURPHY	TRUSTEE	1.00	Director	$0	$0	$0
MARY STONE	TRUSTEE	1.00	Director	$0	$0	$0
HANSON YATES	TRUSTEE	1.00	Director	$0	$0	$0
ROBBIE FIELDER	TRUSTEE	1.00	Director	$0	$0	$0
VINICIA WHITE	PRESIDENT	40.00	Officer	$118,434	$19,380	$137,814

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	$2,855,496	$5,698,887	$3,097,825	$-2,843,391
2022	$2,356,840	$1,285,082	$5,925,057	$1,071,758
2021	$1,338,315	$1,252,494	$4,879,714	$85,821
2020	$1,509,119	$1,129,148	$4,800,170	$379,971
2019	$1,005,818	$3,370,496	$4,837,474	$-2,364,678
2018	$2,814,259	$869,664	$6,684,797	$1,944,595

GRACEWOOD INC