THE HAVEN OF GRACE (EIN 431611181) - 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

1992

Legal Domicile

Principal Officer

LESA STEWARD

Phone

3146216507

Tax Period

2024-07-01 to 2025-06-30

THE HAVEN OF GRACE, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $2.3M exceeded revenue, resulting in a 25% operating deficit.

Mission

MATERNITY SHELTER, TRANSITIONAL APTS & AFTERCARE FOR HOMELESS/PREGNANT WOMEN & THEIR CHILDREN.

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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 $1,644,639

Program Service Revenue $16,493

Investment Income $211,390

Other Revenue $3,232

TOTAL REVENUE $1,875,754

Expense Breakdown

Grants Paid $38,496

Salaries & Benefits $964,817

Fundraising Expenses $394,904

Program Expenses $1,570,048

Other Expenses $1,322,330

TOTAL EXPENSES $2,342,984

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,875,754	$1,568,011	+0.2%
Expenses	$2,342,984	$1,963,648	+0.2%
Net Income	$-467,230	$-395,637	+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

Governance

Voting Members

Independent Members

Employees

Volunteers

101

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

$128,460

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESA STEWARD	CHAIRMAN	3.00	Officer Director	$0	$0	$0
CRYSTAL AVERY-MORRIS	VICE CHAIRMAN	3.00	Officer Director	$0	$0	$0
MICHAEL MILLS	SECRETARY	2.00	Officer Director	$0	$0	$0
KRISTEN DONOVAN	TREASURER	3.00	Officer Director	$0	$0	$0
JILL BOONE	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS CARTER JR	DIRECTOR	1.00	Director	$0	$0	$0
SABRINA COCKERHAM	DIRECTOR	1.00	Director	$0	$0	$0
LISHA ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY FORD	DIRECTOR	1.00	Director	$0	$0	$0
VENITA GOVAN	DIRECTOR	1.00	Director	$0	$0	$0
MARISSA HARDWRICT	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM C HARRIS JR	DIRECTOR	1.00	Director	$0	$0	$0
SALLY LEMKEMIER	FOUNDING BOARD MEMBER	0.50	Director	$0	$0	$0
TYLA MILLER	DIRECTOR	1.00	Director	$0	$0	$0
ERICA RANDALL	DIRECTOR	1.00	Director	$0	$0	$0
DAN SCHETTLER	DIRECTOR	3.00	Director	$0	$0	$0
DREXEL STITH	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN STRASHEIM	DIRECTOR	3.00	Director	$0	$0	$0
KIM TATE	DIRECTOR	1.00	Director	$0	$0	$0
DR ADETUNJI TORIOLA	DIRECTOR	1.00	Director	$0	$0	$0
DANA TUCKER REDWING ESQ	DIRECTOR	1.00	Director	$0	$0	$0
GERALD WILLE	DIRECTOR	1.00	Director	$0	$0	$0
BUD WILSON	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN WILSON	DIRECTOR	1.00	Director	$0	$0	$0
FIONA WOODY	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA BOSMAN	PRESIDENT AND CEO	40.00	Officer	$125,552	$2,908	$128,460

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	$1,875,754	$2,342,984	$7,413,790	$-467,230
2024	$1,568,011	$1,963,648	$7,660,238	$-395,637
2023	$1,468,373	$1,518,949	$7,651,599	$-50,576
2022	$1,409,699	$1,257,239	$7,395,576	$152,460
2021	$2,437,792	$1,030,893	$7,930,263	$1,406,899
2020	$1,159,899	$1,103,552	$6,040,766	$56,347
2019	$1,126,054	$1,061,396	$5,779,511	$64,658

THE HAVEN OF GRACE