GRACE LIFECARE INC (EIN 561722754) - 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

1992

Legal Domicile

Principal Officer

GARY PAXSON

Phone

8285805000

Tax Period

2023-07-01 to 2024-06-30

GRACE LIFECARE INC, founded in 1992, is a mid-sized nonprofit in the Human Services sector that reported $12.1M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

COMMITTED TO IMPROVING THE HEALTH OF OUR COMMUNITIES WITH EXCELLENT & COMPASSIONATE CARE.

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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 $7,470

Program Service Revenue $11,774,224

Investment Income $296,224

Other Revenue $2,170

TOTAL REVENUE $12,080,088

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,512,678

Fundraising Expenses $0

Program Expenses $10,976,723

Other Expenses $6,217,363

TOTAL EXPENSES $12,730,041

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,080,088	$10,354,058	+0.2%
Expenses	$12,730,041	$12,166,314	+0.0%
Net Income	$-649,953	$-1,812,256	-0.6%

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

115

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

$1,404,093

Total Directors

$335,719

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GANDHARI LOOMIS MD	BOARD MEMBER	0.20	Director	$0	$14,645	$335,719
J MICHAEL BRIDGES	PAST CHAIR	0.20	Officer Director	$0	$0	$0
M H MCCRARY	VICE CHAIR (THRU 1/24)/CHAIR	0.20	Officer Director	$0	$0	$0
JEFF CARSWELL	CHAIRMAN (THRU 1/2024)	0.20	Officer Director	$0	$0	$0
DAVID BENNETT	TREASURER	0.20	Officer Director	$0	$0	$0
JIM ROSTAN	SECRETARY (THRU 1/2024)/VICE CHAIR	0.20	Officer Director	$0	$0	$0
SUSAN HAIRE	SECRETARY (AS OF 1/2024)	0.20	Officer Director	$0	$0	$0
TEA YANG	BOARD MEMBER	0.20	Director	$0	$0	$0
ANDREW BRANT MD	BOARD MEMBER	0.20	Director	$0	$0	$0
KEVIN BAXTER	BOARD MEMBER	0.20	Director	$0	$0	$0
AMY JACKSON-KINCAID	BOARD MEMBER	0.20	Director	$0	$0	$0
PATRICIA MOLL	CFO	4.00	Officer	$0	$49,744	$445,747
KATHY BAILEY	PRESIDENT & CEO	4.00	Officer	$0	$10,408	$958,346
MCKAYLA VANCE	EXECUTIVE DIRECTOR	50.00	Highest	$116,979	$28,330	$145,309
JEFFREY BRIGHT	MARKETING DIRECTOR	50.00	Highest	$133,684	$12,954	$146,638
LINDA LACKEY	NURSE MANAGER	50.00	Highest	$110,181	$13,155	$123,336
NANCY LOVELACE	ADMINISTRATOR HEALTHCARE SERVICES	50.00	Highest	$119,623	$15,283	$134,906

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
2025	No data	No data	No data	No data
2024	$12,080,088	$12,730,041	$24,090,350	$-649,953
2023	$10,354,058	$12,166,314	$23,588,261	$-1,812,256
2022	$4,983,135	$6,016,644	$23,871,390	$-1,033,509
2021	$10,776,607	$10,794,934	$25,476,311	$-18,327
2020	$9,847,812	$9,838,671	$24,380,580	$9,141
2019	$10,405,781	$10,337,772	$23,328,168	$68,009
2018	$9,795,974	$9,567,086	$22,574,927	$228,888

GRACE LIFECARE INC