GLORY HOUSE OF MIAMI INC (EIN 452947872) - 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

2011

Legal Domicile

Principal Officer

GEORGIA DOWNEY

Phone

3056155453

Tax Period

2024-01-01 to 2024-12-31

GLORY HOUSE OF MIAMI INC, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $302K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $482K exceeded revenue, resulting in a 60% operating deficit.

Mission

AT GLORY HOUSE OF MIAMI, WE ARE COMMITTED TO BRINGING HEALING AND RESTORATION TO THOSE AFFECTED BY HUMAN TRAFFICKING. AS A FAITH-BASED NON- PROFIT ORGANIZATION, OUR PRIMARY GOAL IS TO SHARE THE LOVE OF CHRIST AND HELP SURVIVORS RECOGNIZE THEIR WORTH AND VALUE AS UNIQUE INDIVIDUALS. OUR VISION IS TO EMPOWER SURVIVORS TO FIND TRUE FREEDOM AND LIVE A LIFE OF HOPE THROUGH JESUS CHRIST.

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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 $292,393

Program Service Revenue $875

Investment Income $3,390

Other Revenue $4,945

TOTAL REVENUE $301,603

Expense Breakdown

Grants Paid $30,653

Salaries & Benefits $248,289

Fundraising Expenses $29,586

Program Expenses $376,922

Other Expenses $202,881

TOTAL EXPENSES $481,823

Year-over-Year Comparison

	2024	2023	Change
Revenue	$301,603	$358,884	-0.2%
Expenses	$481,823	$299,376	+0.6%
Net Income	$-180,220	$59,508	-4.0%

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

$56,496

Total Directors

$56,496

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGIA DOWNEY	CEO /PRESIDE	40.00	Officer Director	$56,496	$0	$56,496
MARIA VADIA	PRESIDENT	5.00	Officer Director	$0	$0	$0
VERONICA CLARK	DIRECTOR	3.00	Officer Director	$0	$0	$0
MARLENE RIESCO	CHAIRMAN	8.00	Officer Director	$0	$0	$0
SUSIE LAMIGUERIO	DIRECTOR	3.00	Officer Director	$0	$0	$0
CHRISTINA OLIVOS	DIRECTOR	3.00	Officer Director	$0	$0	$0
ILIANA CANALS	DIRECTOR	3.00	Officer Director	$0	$0	$0
SAFIYA JACKSON	DIRECTOR	3.00	Officer Director	$0	$0	$0
ROSEMARY GUILFOYLE	DIRECTOR	3.00	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	$301,603	$481,823	$47,726	$-180,220
2023	$358,884	$299,376	$242,155	$59,508
2022	$328,621	$256,109	$170,546	$72,512
2021	$187,179	$164,353	$98,034	$22,826
2020	$245,478	$191,620	$85,708	$53,858
2019	$185,552	$221,818	$21,350	$-36,266
2018	$194,191	$258,158	$57,616	$-63,967

GLORY HOUSE OF MIAMI INC