GRACE TERRACE MEMORIAL ASSOCIATION (EIN 330894225) - 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

1999

Legal Domicile

Principal Officer

ABRAHAM HO

Phone

5626990921

Tax Period

2024-01-01 to 2024-12-31

GRACE TERRACE MEMORIAL ASSOCIATION, founded in 1999, is a small nonprofit in the Mutual Benefit sector that reported $531K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $195K, a strong 37% operating margin.

Mission

GRACE TERRACE MEMORIAL ASSOCIATION ("GTMA") PROVIDES PEOPLE OF THE CHRISTIAN FAITH INTERMENT RIGHTS FOR THE BURIAL OF BODIES, AND RELIGIOUS SERVICES IN CONNECTION THEREWITH.

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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 $0

Program Service Revenue $446,000

Investment Income $85,095

Other Revenue $0

TOTAL REVENUE $531,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,600

Fundraising Expenses $0

Program Expenses $326,021

Other Expenses $214,082

TOTAL EXPENSES $335,682

Year-over-Year Comparison

	2024	2023	Change
Revenue	$531,095	$578,660	-0.1%
Expenses	$335,682	$357,447	-0.1%
Net Income	$195,413	$221,213	-0.1%

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

$40,000

Total Directors

$40,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL YU	Vice President	20.00	Officer Director	$30,000	$0	$30,000
BENJAMIN C WU	Director	20.00	Officer Director	$10,000	$0	$10,000
ABRAHAM HO	President	4.00	Officer Director	$0	$0	$0
GILBERT CHANG	Secretary	4.00	Officer Director	$0	$0	$0
JERRY CHI	Treasurer	4.00	Officer Director	$0	$0	$0
DAVID HO	Director	4.00	Officer Director	$0	$0	$0
SAMUEL LEE	Director	4.00	Officer 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	$531,095	$335,682	$5,867,066	$195,413
2023	$578,660	$357,447	$5,671,653	$221,213
2022	$772,066	$399,451	$5,450,440	$372,615
2021	$855,278	$436,316	$5,077,825	$418,962
2020	$480,634	$251,988	$4,658,863	$228,646
2019	$265,144	$221,290	$4,930,217	$43,854
2018	$653,166	$273,120	$5,386,363	$380,046

GRACE TERRACE MEMORIAL ASSOCIATION