GRACE VILLAGE HEALTHCARE FACILITY INC

EIN: 351447417 501(c)(3) Health Care

WINONA LAKE, IN

Total Revenue
$12,225,682
Total Expenses
$11,075,502
Total Assets
$5,597,331
Net Assets
$1,419,697
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
IN
Principal Officer
JUSTIN KIMBRELL
Phone
5743726290
Tax Period
2023-01-01 to 2023-12-31

GRACE VILLAGE HEALTHCARE FACILITY INC, founded in 1978, is a mid-sized nonprofit in the Health Care sector that reported $12.2M in total revenue in fiscal year 2023. Revenue surged 262% from the prior year, signaling strong growth momentum. Expenses of $11.1M left a modest 9% surplus.

Mission

GRACE VILLAGE'S MISSION IS TO ENABLE OLDER ADULTS TO LIVE TO THEIR FULLEST POTENTIAL IN THE SECURITY OF A CHRISTIAN COMMUNITY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,223,321
Program Service Revenue $9,724,953
Investment Income $167,922
Other Revenue $109,486
TOTAL REVENUE $12,225,682

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,916,823
Fundraising Expenses $28,248
Program Expenses $9,100,308
Other Expenses $6,158,679
TOTAL EXPENSES $11,075,502

Year-over-Year Comparison

2023 2022 Change
Revenue $12,225,682 $3,377,789 +2.6%
Expenses $11,075,502 $3,198,481 +2.5%
Net Income $1,150,180 $179,308 +5.4%
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

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Governance

Voting Members
11
Independent Members
11
Employees
178
Volunteers
35

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
4
$316,536
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAD HUMMEL CHAIR 0.50
Officer Director
$0 $0 $0
ADAM LENON SECRETARY & TREASURER 0.50
Officer Director
$0 $0 $0
GLENN HALL BOARD MEMBER 0.50
Director
$0 $0 $0
CHUCK JOSEY BOARD MEMBER 0.50
Director
$0 $0 $0
DAVID KOONTZ BOARD MEMBER 0.50
Director
$0 $0 $0
DAN LEININGER BOARD MEMBER 0.50
Director
$0 $0 $0
MARK MCCOLLOM BOARD MEMBER 0.50
Director
$0 $0 $0
JENNIFER PIERCE BOARD MEMBER 0.50
Director
$0 $0 $0
DALE ROBBINS BOARD MEMBER 0.50
Director
$0 $0 $0
ROGER WEIDEMAN BOARD MEMBER 0.50
Director
$0 $0 $0
MIKE MCKENNIS BOARD MEMBER 0.50
Director
$0 $0 $0
JUSTIN KIMBRELL CEO 28.00
Officer
$206,935 $22,500 $229,435
SONDREA HAMILTON CFO/HFA - PARTIAL TERM 28.00
Officer
$82,049 $5,052 $87,101
NICOLE KUBLEY RN/DON 40.00
Highest
$100,412 $9,952 $110,364
COURTNEY WALLEN LPN 40.00
Highest
$141,764 $7,088 $148,852
JENNA MODGLIN RN/MDS 40.00
Highest
$101,963 $0 $101,963
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 $12,225,682 $11,075,502 $5,597,331 $1,150,180
2022 $8,838,747 $8,677,866 $4,795,562 $160,881
2022 $3,377,789 $3,198,481 $4,763,917 $179,308
2021 $9,045,820 $8,836,476 $6,029,958 $209,344
2020 $9,639,409 $10,164,317 $6,125,536 $-524,908
2019 $9,763,176 $9,998,836 $5,486,260 $-235,660
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