CENTER OF GRACE INC (EIN 481251324) - 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

2016

Legal Domicile

Principal Officer

SYLVIA ROMERO

Phone

9137641353

Tax Period

2023-01-01 to 2023-12-31

CENTER OF GRACE INC, founded in 2016, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 24% operating deficit.

Mission

OUR MISSION IS TO OFFER A SAFE SPACE OF HOSPITALITY FOR ALL; ATTEND TO BASIC, HEALTH AND EDUCATIONAL NEEDS; AND PROVIDE OPPORTUNITIES TO SHARE, LEARN AND GROW INTO SELF-SUFFICIENCY.

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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 $1,133,652

Program Service Revenue $210,155

Investment Income $9,743

Other Revenue $19,850

TOTAL REVENUE $1,373,400

Expense Breakdown

Grants Paid $623,469

Salaries & Benefits $362,567

Fundraising Expenses $9,000

Program Expenses $1,471,095

Other Expenses $711,200

TOTAL EXPENSES $1,697,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,373,400	$1,505,393	-0.1%
Expenses	$1,697,236	$1,221,219	+0.4%
Net Income	$-323,836	$284,174	-2.1%

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

1900

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

$104,626

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIGUEL ROMERO	PRESIDENT	4.00	Officer Director	$0	$0	$0
TRACY HEMSATH	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
SCOTT DANDY	SECRETARY	2.00	Officer Director	$0	$0	$0
JANICE BLANSIT	AT LARGE MEMBER	4.00	Director	$0	$0	$0
RAUL DURAN	AT LARGE MEMBER	4.00	Director	$0	$0	$0
BILL ELVIN	AT LARGE MEMBER	2.00	Director	$0	$0	$0
BRENT MCCUNE	AT LARGE MEMBER	2.00	Director	$0	$0	$0
JOHN NELSON	AT LARGE MEMBER	4.00	Director	$0	$0	$0
SYLVIA ROMERO	EXECUTIVE DIRECTOR	40.00	Officer	$55,200	$49,426	$104,626

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	$1,373,400	$1,697,236	$8,612,414	$-323,836
2022	$1,505,393	$1,221,219	$8,986,253	$284,174
2021	$1,079,543	$651,637	$8,804,741	$427,906
2020	$3,525,432	$606,462	$6,856,315	$2,918,970
2019	$3,441,573	$617,383	$3,933,529	$2,824,190
2018	$1,574,511	$577,589	$1,224,326	$996,922

CENTER OF GRACE INC