GRACE PLACE INC

EIN: 411734728 501(c)(3) Housing & Shelter

WINONA, MN

Total Revenue
$278,290
Total Expenses
$307,826
Total Assets
$433,138
Net Assets
$205,098
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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
1992
Legal Domicile
MN
Principal Officer
BRADLEY BUDNICK
Tax Period
2023-01-01 to 2023-12-31

GRACE PLACE INC, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $278K in total revenue in fiscal year 2023. Expenses of $308K exceeded revenue, resulting in a 11% operating deficit.

Mission

ADVOCACY CENTER FOR WOMEN AND THEIR FAMILIES

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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 $109,489
Program Service Revenue $0
Investment Income $4
Other Revenue $168,797
TOTAL REVENUE $278,290

Expense Breakdown

Grants Paid $540
Salaries & Benefits $175,765
Fundraising Expenses $0
Program Expenses $263,235
Other Expenses $131,521
TOTAL EXPENSES $307,826

Year-over-Year Comparison

2023 2022 Change
Revenue $278,290 $290,731 0.0%
Expenses $307,826 $328,648 -0.1%
Net Income $-29,536 $-37,917 -0.2%
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
4
Independent Members
4
Employees
21
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
4
$40,926
Total Directors
6
$40,926
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN MULLEN EXECUTIVE DIRECTOR 40.00
Officer Director
$40,926 $0 $40,926
JOHN SCHOLLMEIER BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER TEICHROEW BOARD MEMBER 1.00
Director
$0 $0 $0
BRADLEY BUDNICK PRESIDENT 1.00
Officer Director
$0 $0 $0
RYAN RUBERG TREASURER 5.00
Officer Director
$0 $0 $0
KATHRYN ROBINSON SECRETARY 1.00
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 No data No data No data No data
2023 $278,290 $307,826 $433,138 $-29,536
2022 $290,731 $328,648 $475,220 $-37,917
2021 $255,136 $266,438 $526,085 $-11,302
2020 $255,776 $206,011 $545,940 $49,765
2019 $185,204 $202,255 $504,144 $-17,051
2018 $190,856 $205,738 $507,596 $-14,882
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