GIFTS OF GRACE ADOPTION SUPPORT CENTER INC (EIN 352488323) - 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

2013

Legal Domicile

Principal Officer

CARLEE DAWODU

Phone

7658075117

Tax Period

2024-01-01 to 2024-12-31

GIFTS OF GRACE ADOPTION SUPPORT CENTER INC, founded in 2013, is a small nonprofit in the Health Care sector that reported $188K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $237K exceeded revenue, resulting in a 26% operating deficit.

Mission

GIFTS OF GRACE ADOPTION SUPPORT CENTER, INC. IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES. GIFTS OF GRACE ADOPTION SUPPORT CENTER, INC. PRINCIPALLY EXISTS AS A CHRISTIAN FAITH-BASED ADOPTION SUPPORT CENTER & MINISTRY AND LICENSED CHILD PLACING AGENCY.

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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 $52,956

Program Service Revenue $134,933

Investment Income $0

Other Revenue $539

TOTAL REVENUE $188,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,208

Fundraising Expenses $10

Program Expenses $210,021

Other Expenses $72,533

TOTAL EXPENSES $236,741

Year-over-Year Comparison

	2024	2023	Change
Revenue	$188,428	$212,007	-0.1%
Expenses	$236,741	$259,021	-0.1%
Net Income	$-48,313	$-47,014	+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

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

$16,067

Total Directors

$16,067

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLEE DAWODU	PRES/EXEC DI	25.00	Officer Director	$16,067	$0	$16,067
FEMI DAWODU	TREASURER/CH	5.00	Officer Director	$0	$0	$0
LINDA LEE-ALLEN	SECRETARY	2.00	Officer Director	$0	$0	$0
AALIYAH RARDIN	BOARD MEMBER	2.00	Director	$0	$0	$0
KEZIAH DAWODU	BOARD MEMBER	2.00	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	$188,428	$236,741	$71,130	$-48,313
2023	$212,007	$259,021	$119,443	$-47,014
2022	$248,348	$216,607	$166,457	$31,741
2021	$239,050	$175,240	$134,716	$63,810
2020	$160,328	$142,279	$70,906	$18,049
2019	$210,663	$174,372	$52,857	$36,291

GIFTS OF GRACE ADOPTION SUPPORT CENTER INC