GRACE SOLUTIONS (EIN 821581590) - 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

2017

Legal Domicile

Principal Officer

KAREN GILLETTE

Phone

4082952035

Tax Period

2022-07-01 to 2023-06-30

GRACE SOLUTIONS, founded in 2017, is a small nonprofit in the Human Services sector that reported $393K in total revenue in fiscal year 2022. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $209K, a strong 53% operating margin.

Mission

HOMELESS SHELTER AND ASSISTANCE

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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 $389,977

Program Service Revenue $3,516

Investment Income $6

Other Revenue $0

TOTAL REVENUE $393,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,949

Fundraising Expenses $5,400

Program Expenses $162,826

Other Expenses $131,426

TOTAL EXPENSES $184,375

Year-over-Year Comparison

	2022	2021	Change
Revenue	$393,499	$266,689	+0.5%
Expenses	$184,375	$455,292	-0.6%
Net Income	$209,124	$-188,603	-2.1%

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
DR PENNY HOGG PHD	President	1.00	Director	$0	$0	$0
GABRIELA GABRIAN	MEMBER	1.00	Director	$0	$0	$0
KAREN GILLETTE	Treasurer/Sec.	1.00	Director	$0	$0	$0
RICHARD SCOTT	MEMBER	1.00	Director	$0	$0	$0
PHILIP RILEY	MEMBER	1.00	Director	$0	$0	$0
RAYMOND RAMSEY	MEMBER	1.00	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
2025	No data	No data	No data	No data
2023	$393,499	$184,375	$282,293	$209,124
2022	$266,689	$455,292	$75,215	$-188,603
2021	$663,877	$446,188	$273,765	$217,689

GRACE SOLUTIONS