GRACE NURSING CENTER INC (EIN 561838369) - 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

1994

Legal Domicile

Principal Officer

GARY PAXSON

Phone

8285805000

Tax Period

2023-07-01 to 2024-06-30

GRACE NURSING CENTER INC, founded in 1994, is a small nonprofit in the Health Care sector that reported $739K in total revenue in fiscal year 2023. The organization ran a surplus of $666K, a strong 90% operating margin.

Mission

TO PROVIDE HEALTHCARE TO THE ELDERLY AND AGING.

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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 $0

Program Service Revenue $766,500

Investment Income $-27,583

Other Revenue $0

TOTAL REVENUE $738,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $64,591

Other Expenses $73,373

TOTAL EXPENSES $73,373

Year-over-Year Comparison

	2023	2022	Change
Revenue	$738,917	$766,500	0.0%
Expenses	$73,373	$69,290	+0.1%
Net Income	$665,544	$697,210	0.0%

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

N/A

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 DO	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
KATHY BAILEY	PRESIDENT & CEO	1.00	Officer	$0	$10,408	$958,346
PATRICIA MOLL	CFO	1.00	Officer	$0	$49,744	$445,747

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	$738,917	$73,373	$3,653,637	$665,544
2023	$766,500	$69,290	$2,988,090	$697,210
2022	$383,250	$33,122	$2,290,877	$350,128
2021	$768,895	$89,857	$2,065,348	$679,038
2020	$774,145	$200,596	$1,261,749	$573,549
2019	$4,742,467	$5,107,930	$682,609	$-365,463
2018	$8,274,964	$8,462,327	$1,734,762	$-187,363

GRACE NURSING CENTER INC