GRACE VILLAGE HEALTHCARE FACILITY … - Form 990 Financial Data

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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

1978

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $9,100,308 Revenue: $9,724,953

GRACE VILLAGE HEALTHCARE PROVIDES MEDICAL AND NURSING CARE, WHICH INCLUDES BUT IS NOT LIMITED TO HOUSING, NURSING, DIETARY, SOCIAL SERVICES, AND ACTIVITIES FOR THE ELDERLY IN WINONA LAKE, INDIANA...

GRACE VILLAGE HEALTHCARE PROVIDES MEDICAL AND NURSING CARE, WHICH INCLUDES BUT IS NOT LIMITED TO HOUSING, NURSING, DIETARY, SOCIAL SERVICES, AND ACTIVITIES FOR THE ELDERLY IN WINONA LAKE, INDIANA. GRACE VILLAGE LEASES ITS NURSING HOME OPERATIONS TO WOODLAWN HOSPITAL.

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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 $2,223,321

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

Governance

Voting Members

Independent Members

Employees

178

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

$316,536

Total Directors

Key Employees

Highest Compensated

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

GRACE VILLAGE HEALTHCARE FACILITY INC