Grand Avenue Economic Community Dev (EIN 593131199) - 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

Phone

4072940123

Tax Period

2024-01-01 to 2024-12-31

Grand Avenue Economic Community Dev, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $7.1M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $8.2M exceeded revenue, resulting in a 16% operating deficit.

Mission

Serving the homeless population and low income persons to provide affordable living and economic opportunities

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,610,660

Program Service Revenue $4,381,631

Investment Income $60,509

Other Revenue $0

TOTAL REVENUE $7,052,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,083,911

Fundraising Expenses $18,037

Program Expenses $7,327,526

Other Expenses $6,086,869

TOTAL EXPENSES $8,170,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,052,800	$8,057,507	-0.1%
Expenses	$8,170,780	$8,077,242	+0.0%
Net Income	$-1,117,980	$-19,735	+55.6%

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

N/A

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

$212,393

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Helaine Blum	President EmeritusCo-FounderCFO	20.00	Officer	$119,662	$0	$119,662
Carl Falconer	PresidentCEO	40.00	Officer	$92,731	$0	$92,731
Jann Rigell	Chairperson	0.50	Director	$0	$0	$0
Ladd Fassett	Director	0.50	Director	$0	$0	$0
Tom Hodges	Treasurer	0.50	Director	$0	$0	$0
Laura Whitfield	Director	0.50	Director	$0	$0	$0
Velvet Greene	Director	0.50	Director	$0	$0	$0
Michelle Howard	Secretary	0.50	Director	$0	$0	$0
Kevin Poole	Director	0.50	Director	$0	$0	$0
Larri Thatcher	Vice Chair	0.50	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
2024	$7,052,800	$8,170,780	$16,118,457	$-1,117,980
2023	$8,057,507	$8,077,242	$17,453,498	$-19,735
2022	$9,149,222	$7,497,120	$17,064,348	$1,652,102
2021	$6,865,821	$6,426,235	$15,324,319	$439,586
2020	$6,064,557	$5,821,269	$14,075,567	$243,288
2019	$5,211,102	$5,388,416	$13,693,754	$-177,314
2018	$5,373,465	$5,041,256	$13,932,353	$332,209

Grand Avenue Economic Community Dev