Graces Closet (EIN 814380520) - 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

2016

Legal Domicile

Principal Officer

Julieann Shannon Director

Phone

4103703988

Tax Period

2025-01-01 to 2025-12-31

Graces Closet, founded in 2016, is a small nonprofit in the Human Services sector that reported $406K in total revenue in fiscal year 2025. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $149K, a strong 37% operating margin.

Mission

provides necessities for school students

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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 (2025)

Revenue Breakdown

Contributions & Grants $405,623

Program Service Revenue $0

Investment Income $346

Other Revenue $0

TOTAL REVENUE $405,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,269

Fundraising Expenses $0

Program Expenses $257,271

Other Expenses $212,002

TOTAL EXPENSES $257,271

Year-over-Year Comparison

	2025	2024	Change
Revenue	$405,969	$333,879	+0.2%
Expenses	$257,271	$274,460	-0.1%
Net Income	$148,698	$59,419	+1.5%

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

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

$42,052

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Julie-ann Shannon	Director	30.00	Officer	$42,052	$0	$42,052

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	$405,969	$257,271	$470,718	$148,698
2024	$333,879	$274,460	$322,020	$59,419
2023	$272,761	$256,110	$262,601	$16,651
2022	$284,917	$230,167	$245,950	$54,750
2021	$201,028	$124,663	$191,200	$76,365

Graces Closet