GRATIOT COUNTY HOPE HOUSE (EIN 825453790) - 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

Principal Officer

JACOB GREGORY

Phone

9893125086

Tax Period

2023-10-01 to 2024-09-30

GRATIOT COUNTY HOPE HOUSE is a small nonprofit in the Housing & Shelter sector that reported $378K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $421K exceeded revenue, resulting in a 11% operating deficit.

Mission

GCHH PROVIDES A CRISIS PROGRAM TO ADDRESS HOMELESSNESS IN GRATIOT COUNTY, MICHIGAN.

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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 $93,756

Program Service Revenue $284,095

Investment Income $2

Other Revenue $0

TOTAL REVENUE $377,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $318,901

Fundraising Expenses $8,971

Program Expenses $420,929

Other Expenses $102,028

TOTAL EXPENSES $420,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$377,853	$419,884	-0.1%
Expenses	$420,929	$327,305	+0.3%
Net Income	$-43,076	$92,579	-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

N/A

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

$90,965

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAKE GREGORY	EXECUTIVE DIRECTOR	040.00	Key Emp	$65,625	$0	$65,625
NATHAN WORKMAN	CO- EXECUTIVE DIRECTOR	040.00	Key Emp	$25,340	$0	$25,340
CAROLYNE STUDLEY	SECRETARY	001.00	Officer Director	$0	$0	$0
JUSTIN DARON	BOARD MEMBER	001.00	Director	$0	$0	$0
ALICE GRAU	BOARD MEMBER	001.00	Director	$0	$0	$0
JON CROFT	BOARD MEMBER	001.00	Director	$0	$0	$0
KATIE STUDLEY	BOARD MEMBER	001.00	Director	$0	$0	$0
TOM DIXON	BOARD MEMBER	001.00	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
2024	$377,853	$420,929	$205,149	$-43,076
2023	$419,884	$327,305	$251,658	$92,579
2022	$367,315	$220,103	$187,428	$147,212

GRATIOT COUNTY HOPE HOUSE