GRATEFUL GATHERINGS (EIN 471169913) - 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

2014

Legal Domicile

Principal Officer

DONNA WRIGHT SOMERVILLE

Phone

5103610055

Tax Period

2023-01-01 to 2023-12-31

GRATEFUL GATHERINGS, founded in 2014, is a small nonprofit in the Human Services sector that reported $955K in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $189K, a strong 20% operating margin.

Mission

GRATEFUL GATHERINGS MISSION IS TO IMPROVE LIVES BY PROVIDING NEW AND GENTLY USED FURNITURE AND HOUSEHOLD GOODS TO LOW-INCOME FAMILIES AND INDIVIDUALS TRANSITIONING OUT OF HOMELESSNESS, CRISIS, AND POVERTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,033,845

Program Service Revenue $2,219

Investment Income $11,025

Other Revenue $-92,107

TOTAL REVENUE $954,982

Expense Breakdown

Grants Paid $317,531

Salaries & Benefits $330,467

Fundraising Expenses $102,550

Program Expenses $580,674

Other Expenses $117,819

TOTAL EXPENSES $765,817

Year-over-Year Comparison

	2023	2022	Change
Revenue	$954,982	$608,567	+0.6%
Expenses	$765,817	$533,053	+0.4%
Net Income	$189,165	$75,514	+1.5%

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

4500

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

$233,061

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLISON MEIN	PRESIDENT	5.00	Officer Director	$0	$0	$0
ANDREA RUANE	TREASURER	5.00	Officer Director	$0	$0	$0
STEVE HAGGERTY	BOARD MEMBER	5.00	Director	$0	$0	$0
DAVID COMMINS	BOARD MEMBER	5.00	Director	$0	$0	$0
JUSTIN CHIPMAN	BOARD MEMBER	5.00	Director	$0	$0	$0
DONNA WRIGHT SOMERVILLE	EXEC DIRECTO	40.00	Officer	$100,000	$16,124	$116,124
CHRISTINE ANN FLITTER	PROGRAM DIRE	40.00	Officer	$100,000	$16,937	$116,937

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	$954,982	$765,817	$708,846	$189,165
2022	$608,567	$533,053	$500,995	$75,514
2021	$525,815	$397,855	$436,206	$127,960
2020	$379,012	$404,997	$338,550	$-25,985
2019	$422,236	$336,919	$308,157	$85,317
2018	$284,115	$211,492	$224,927	$72,623

GRATEFUL GATHERINGS