GRACE-MAR SERVICES INC (EIN 800235887) - 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

2009

Legal Domicile

Principal Officer

Kenneth Smith

Phone

7049096041

Tax Period

2023-01-01 to 2023-12-31

GRACE-MAR SERVICES INC, founded in 2009, is a small nonprofit in the Human Services sector that reported $225K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $458K exceeded revenue, resulting in a 103% operating deficit.

Mission

Grace Mar Services Inc builds stronger more reslient communities of color using workforce development and minority business ownership as a catalyst.

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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 $224,988

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $224,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,361

Fundraising Expenses $0

Program Expenses $314,524

Other Expenses $213,397

TOTAL EXPENSES $457,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$224,988	$585,699	-0.6%
Expenses	$457,758	$168,920	+1.7%
Net Income	$-232,770	$416,779	-1.6%

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

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

$80,000

Total Directors

Key Employees

$71,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kenneth Smith	President	30	Officer	$40,000	$0	$80,000
Grace Blake Smith	Vice President	30	Key Emp	$45,000	$0	$71,000

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	No data	No data	No data	No data
2023	$224,988	$457,758	$681,337	$-232,770
2022	$585,699	$168,920	$2,289,768	$416,779
2021	$548,404	$395,121	$1,690,253	$153,283
2020	$652,234	$485,046	$1,536,970	$167,188

GRACE-MAR SERVICES INC