GRACEMED HEALTH CLINIC INC (EIN 481159633) - 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

1979

Legal Domicile

Principal Officer

DR JULIE ELDER

Phone

3168662000

Tax Period

2023-01-01 to 2023-12-31

GRACEMED HEALTH CLINIC INC, founded in 1979, is a mid-sized nonprofit in the Health Care sector that reported $32.7M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $30.3M left a modest 7% surplus.

Mission

TO SHOW AND SHARE THE LOVE OF JESUS CHRIST BY PROVIDING COMPASSIONATE, ACCESSIBLE, HIGH-QUALITY HEALTH CARE FOR RESIDENTS IN THE COMMUNITIES WE SERVE.

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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 $13,362,753

Program Service Revenue $18,307,219

Investment Income $975,540

Other Revenue $71,654

TOTAL REVENUE $32,717,166

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,425,148

Fundraising Expenses $165,229

Program Expenses $23,019,764

Other Expenses $9,868,592

TOTAL EXPENSES $30,293,740

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,717,166	$36,742,270	-0.1%
Expenses	$30,293,740	$28,472,455	+0.1%
Net Income	$2,423,426	$8,269,815	-0.7%

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

443

Volunteers

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

$423,902

Total Directors

Key Employees

$545,737

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON STEPHEN	BOARD PRESIDENT	4.00	Officer Director	$0	$0	$0
LAZARO VASQUEZ	BOARD VICE-PRESIDENT	4.00	Officer Director	$0	$0	$0
MARLON KING	TREASURER	4.00	Officer Director	$0	$0	$0
JULIE HEDRICK	SECRETARY	4.00	Officer Director	$0	$0	$0
FRANK CHORIEGO	BOARD MEMBER	4.00	Director	$0	$0	$0
MORLEY HEALY	BOARD MEMBER	4.00	Director	$0	$0	$0
TIM NORTON	BOARD MEMBER	4.00	Director	$0	$0	$0
CAROLYN WARD	BOARD MEMBER	4.00	Director	$0	$0	$0
RICK WOODS	BOARD MEMBER	4.00	Director	$0	$0	$0
FRED ERVIN	BOARD MEMBER	4.00	Director	$0	$0	$0
ERNESTINE CURTIS	BOARD MEMBER	4.00	Director	$0	$0	$0
LOU A EWERTT	BOARD MEMBER	4.00	Director	$0	$0	$0
VENUS LEE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$248,367	$9,682	$258,049
DAVID WUTHNOW	CHIEF FINANCIAL OFFICER	40.00	Officer	$133,286	$32,567	$165,853
JULIE ELDER	CHIEF MEDICAL OFFICER	40.00	Key Emp	$272,415	$31,349	$303,764
ERIC DESHAZER	CHIEF DENTAL OFFICER	40.00	Key Emp	$203,875	$38,098	$241,973
BILLY RICHARDSON	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$209,985	$38,535	$248,520
JOYCE ALLEN	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$208,042	$27,603	$235,645
LANCE JEPSON	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$203,788	$31,933	$235,721
TRACY ALEXANDER	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$205,277	$23,033	$228,310
AMANDA WILLIS	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$172,895	$14,734	$187,629

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	$32,717,166	$30,293,740	$52,405,138	$2,423,426
2022	$36,742,270	$28,472,455	$48,191,566	$8,269,815
2021	$36,186,856	$29,668,676	$41,448,273	$6,518,180
2020	$33,752,211	$28,422,451	$34,999,936	$5,329,760
2019	$28,640,311	$26,534,661	$29,108,064	$2,105,650
2018	$26,264,792	$23,796,302	$26,780,879	$2,468,490

GRACEMED HEALTH CLINIC INC