GRACEFUL SOLUTIONS INC (EIN 455611737) - 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

2012

Legal Domicile

Principal Officer

BILL WILSON

Phone

3013670143

Tax Period

2021-07-01 to 2022-06-30

GRACEFUL SOLUTIONS INC, founded in 2012, is a small nonprofit that reported $441K in total revenue in fiscal year 2021. Revenue surged 1549% from the prior year, signaling strong growth momentum. Expenses of $548K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROMOTE COOPERATION AMONG SOCIAL WELFARE AND EDUCATIONAL INSTITUTIONS, AGENCIES AND OTHER INTERESTED PERSONS TO PROVIDE SAFE, AFFORDABLE LIVING ENVIRONMENTS FOR SENIORS, VETERANS AND PEOPLE WITH SPECIAL NEEDS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,600

Program Service Revenue $450,395

Investment Income $6

Other Revenue $-11,061

TOTAL REVENUE $440,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,161

Fundraising Expenses $0

Program Expenses $510,331

Other Expenses $500,981

TOTAL EXPENSES $548,142

Year-over-Year Comparison

	2021	2020	Change
Revenue	$440,940	$26,743	+15.5%
Expenses	$548,142	$119,339	+3.6%
Net Income	$-107,202	$-92,596	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RHETT BOUDREAUX	DIRECTOR	N/A	Director	$0	$0	$0
DENNY CLARK	DIRECTOR	N/A	Director	$0	$0	$0
STEVE DOWNEY	DIRECTOR	N/A	Director	$0	$0	$0
LAURI HUNTER	DIRECTOR	N/A	Director	$0	$0	$0
ROB IPPOLOITO	TREASURER	N/A	Officer Director	$0	$0	$0
ERIC JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
REX WARE	CHAIRMAN	N/A	Director	$0	$0	$0
LESLIE WARREN	SECRETARY/VI	N/A	Officer Director	$0	$0	$0
BILL WILSON	PRESIDENT	N/A	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
2022	$440,940	$548,142	$1,189,059	$-107,202
2021	$26,743	$119,339	$751,554	$-92,596
2020	$119,111	$140,889	$798,228	$-21,778
2019	$597,955	$665,202	$369,286	$-67,247
2018	$212,579	$222,420	$794,575	$-9,841

GRACEFUL SOLUTIONS INC