GRACE INSTITUTE OF NEW YORK INC (EIN 810844164) - 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

2015

Legal Domicile

Principal Officer

DANAE MCLEOD

Phone

2128327605

Tax Period

2024-01-01 to 2024-12-31

GRACE INSTITUTE OF NEW YORK INC, founded in 2015, is a community nonprofit in the Employment sector that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 21% operating margin.

Mission

EMPOWERING UNDERSERVED WOMEN IN THE NY AREA TO ACHIEVE EMPLOYMENT AND ECONOMIC SELF-SUFFICIENCY.

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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 $4,649,670

Program Service Revenue $1,315

Investment Income $88,527

Other Revenue $81,722

TOTAL REVENUE $4,821,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,761,674

Fundraising Expenses $618,337

Program Expenses $2,760,019

Other Expenses $1,051,623

TOTAL EXPENSES $3,813,297

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,821,234	$3,852,158	+0.3%
Expenses	$3,813,297	$3,184,140	+0.2%
Net Income	$1,007,937	$668,018	+0.5%

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

252

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

$277,821

Total Directors

Key Employees

$169,796

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA MONTGOMERIE	DIRECTOR	2.00	Director	$0	$0	$0
IVA VUKINA	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
BRENDAN DOYLE	TREASURER (THROUGH 12/24)	2.00	Officer Director	$0	$0	$0
KATIA BOUAZZA	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK GRACE	DIRECTOR (THROUGH 3/24)	2.00	Director	$0	$0	$0
MARY TIDLUND	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA A YASTINE	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHELLE CILIEN	DIRECTOR	2.00	Director	$0	$0	$0
MABEL RIUS	DIRECTOR	2.00	Director	$0	$0	$0
SHAY GIPSON	DIRECTOR	2.00	Director	$0	$0	$0
LIZ HERSHFIELD	DIRECTOR	2.00	Director	$0	$0	$0
DAVID BEAR	DIRECTOR	2.00	Director	$0	$0	$0
RONITA MACKLIN	DIRECTOR	2.00	Director	$0	$0	$0
MARC JAMES	DIRECTOR	2.00	Director	$0	$0	$0
JOSIE COX	DIRECTOR	2.00	Director	$0	$0	$0
M L GRAEME CAMPBELL	DIRECTOR	2.00	Director	$0	$0	$0
MARGO PILIC	DIRECTOR	2.00	Director	$0	$0	$0
MONICA RICHTER	DIRECTOR	2.00	Director	$0	$0	$0
DANAE MCLEOD	CHIEF EXECUTIVE OFFICER	35.00	Officer	$256,603	$21,218	$277,821
CHERISE JONES	CHIEF FINANCIAL AND OPERATIONS OFFICER	35.00	Key Emp	$157,276	$12,520	$169,796
MIA WILSON	CHIEF STRATEGY OFFICER	35.00	Highest	$145,522	$7,573	$153,095
JOHN MARIMUTHU	DIRECTOR OF TALENT SERVICE	35.00	Highest	$108,620	$4,278	$112,898
LEAH COOPER	DIRECTOR OF DEVELOPMENT	35.00	Highest	$204,238	$8,821	$213,059

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	$4,821,234	$3,813,297	$4,467,318	$1,007,937
2023	$3,852,158	$3,184,140	$3,459,465	$668,018
2022	$3,509,724	$2,929,037	$2,726,623	$580,687
2021	$3,229,572	$2,406,418	$2,408,718	$823,154
2020	$2,656,416	$2,318,338	$1,662,686	$338,078
2019	$3,118,763	$2,933,967	$1,077,735	$184,796
2018	$2,769,977	$3,435,506	$889,055	$-665,529

GRACE INSTITUTE OF NEW YORK INC