GRACE HOSPITAL (EIN 340714479) - 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

1910

Legal Domicile

Principal Officer

MICHELLE HENNIS

Phone

4402043500

Tax Period

2024-07-01 to 2025-06-30

GRACE HOSPITAL, founded in 1910, is a community nonprofit in the Health Care sector that reported $7.8M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

TO PROVIDE SPECIALIZED HEALTH CARE SERVICES FOR THOSE COPING WITH CATASTROPHIC ILLNESS AND INJURY.

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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 $606,185

Program Service Revenue $7,071,270

Investment Income $104,748

Other Revenue $34,755

TOTAL REVENUE $7,816,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,592,803

Fundraising Expenses $0

Program Expenses $6,129,083

Other Expenses $4,920,850

TOTAL EXPENSES $8,513,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,816,958	$8,239,176	-0.1%
Expenses	$8,513,653	$8,944,227	0.0%
Net Income	$-696,695	$-705,051	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

139

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

$173,194

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEACON CHRISTOPHER DEPENTI	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
THOMAS COOK	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEFFREY L CLOSE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BASEL ALTAQI MD	DIRECTOR	1.00	Director	$0	$0	$0
PAUL C VENIZELOS MD	DIRECTOR	1.00	Director	$0	$0	$0
GERALD L JEPPE	DIRECTOR (LEFT 3/25)	1.00	Director	$0	$0	$0
REV JOSEPH D MCNULTY	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE HENNIS	INTERIM PRESIDENT AND CEO	40.00	Officer	$163,101	$10,093	$173,194
LASHAWNDA HUDSON	STAFF NURSE	40.00	Highest	$134,905	$0	$134,905
OLEKSANDR ANDROSHCHUK	STAFF NURSE	31.00	Highest	$108,461	$0	$108,461
NKEIRUKA OKEAFOR	STAFF NURSE	40.00	Highest	$149,436	$0	$149,436
ALICE B SKENDER	STAFF NURSE	35.00	Highest	$149,189	$10,408	$159,597

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	$7,816,958	$8,513,653	$16,859,021	$-696,695
2024	$8,239,176	$8,944,227	$18,888,273	$-705,051
2023	$7,498,952	$8,590,523	$17,226,445	$-1,091,571
2022	$9,465,748	$9,414,346	$17,886,128	$51,402
2021	$11,352,470	$9,404,851	$20,904,210	$1,947,619
2020	$10,125,230	$10,267,482	$16,441,109	$-142,252
2019	$10,309,348	$11,170,908	$16,738,093	$-861,560
2018	$11,357,704	$11,812,153	$16,469,494	$-454,449

GRACE HOSPITAL