Simply Grace Inc (EIN 562384967) - 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

2003

Legal Domicile

Principal Officer

Kenneth F Pallone 3 Officer

Tax Period

2023-01-01 to 2023-12-31

Simply Grace Inc, founded in 2003, is a micro nonprofit in the Religion sector that reported $71K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $81K exceeded revenue, resulting in a 15% operating deficit.

Mission

Helping the hurting rediscover a passion for life; recovering and resting in the love and acceptance of God and self.

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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 $33,206

Program Service Revenue $37,464

Investment Income $0

Other Revenue $0

TOTAL REVENUE $70,670

Expense Breakdown

Grants Paid $3,489

Salaries & Benefits $53,902

Fundraising Expenses $1,124

Program Expenses $71,072

Other Expenses $23,979

TOTAL EXPENSES $81,370

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,670	$87,695	-0.2%
Expenses	$81,370	$75,689	+0.1%
Net Income	$-10,700	$12,006	-1.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Hal Pruit	Board Member	1.00	Director	$0	$0	$0
Neole W Wayne	Board Member	1.00	Director	$0	$0	$0
Debra Pallone	Board Sec Manager Counselor	30.00	Director	$0	$0	$0
Kenneth F Pallone	President Counselor	40.00	Officer Director	$0	$0	$0

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
2023	$70,670	$81,370	$61,000	$-10,700
2022	$87,695	$75,689	$72,253	$12,006
2021	$74,487	$59,666	$59,311	$14,821
2020	$55,973	$49,809	$44,490	$6,164
2019	$55,372	$50,167	$40,050	$5,205
2018	$59,698	$48,577	$35,388	$11,121

Simply Grace Inc