GRACE HOUSE OF MEMPHIS TENNESSEE (EIN 620993096) - 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

1976

Legal Domicile

Principal Officer

KAREN MORGAN

Phone

9017228460

Tax Period

2022-07-01 to 2023-06-30

GRACE HOUSE OF MEMPHIS TENNESSEE, founded in 1976, is a small nonprofit that reported $953K in total revenue in fiscal year 2022. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE SUBSTANCE ABUSE TREATMENT AND REHABILITATION PROGRAMS TO WOMEN IN-AND-AROUND THE MEMPHIS, TENNESSEE AREA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $924,646

Program Service Revenue $14,150

Investment Income $14,311

Other Revenue $0

TOTAL REVENUE $953,107

Expense Breakdown

Grants Paid $0

Salaries & Benefits $761,019

Fundraising Expenses $0

Program Expenses $899,356

Other Expenses $341,349

TOTAL EXPENSES $1,102,368

Year-over-Year Comparison

	2022	2021	Change
Revenue	$953,107	$1,210,778	-0.2%
Expenses	$1,102,368	$982,599	+0.1%
Net Income	$-149,261	$228,179	-1.7%

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
BRAD FEDERMAN	CHAIR	001.00	Officer Director	$0	$0	$0
BELINDA MANDELL	DIRECTOR	001.00	Director	$0	$0	$0
HOWARD KNOPF	DIRECTOR	001.00	Director	$0	$0	$0
DAVID HERRING	TREASURER	001.00	Director	$0	$0	$0
SASHA ENNIS	SECRETARY	001.00	Director	$0	$0	$0
SHERRY GARDNER	DIRECTOR	001.00	Director	$0	$0	$0
ANGELA QUADRANI	DIRECTOR	001.00	Director	$0	$0	$0
CAROL LaROCCA	DIRECTOR	001.00	Director	$0	$0	$0
JULIE PATERSON	DIRECTOR	001.00	Director	$0	$0	$0
SAMANTHA WALLACE	DIRECTOR	001.00	Director	$0	$0	$0
CYNTHIA SHAW	DIRECTOR	001.00	Director	$0	$0	$0
MELISA BURGESS	VICE-CHAIR	001.00	Officer	$0	$0	$0
KAREN MORGAN	EXEC DIRECTOR	045.00	Highest	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,033,980	$1,102,369	$1,183,376	$-68,389
2023	$953,107	$1,102,368	$1,102,503	$-149,261
2022	$1,210,778	$982,599	$1,238,324	$228,179
2021	$999,130	$1,013,758	$1,299,149	$-14,628
2020	$1,098,255	$1,081,619	$1,176,887	$16,636
2019	$1,162,328	$1,166,036	$1,021,769	$-3,708
2019	$1,162,328	$1,166,036	$1,021,769	$-3,708
2019	$1,162,328	$1,166,036	$1,021,769	$-3,708
2018	$1,143,412	$1,135,621	$993,409	$7,791

GRACE HOUSE OF MEMPHIS TENNESSEE