GRACES HELPING HAND CORP

EIN: 825526800 501(c)(3) Public & Societal Benefit

RIVERSIDE, CA

Total Revenue
$60,471
Total Expenses
$164,924
Total Assets
$539,321
Net Assets
$539,321
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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
ERNIE FERARITA
Tax Period
2023-01-01 to 2023-12-31

GRACES HELPING HAND CORP is a micro nonprofit in the Public & Societal Benefit sector that reported $60K in total revenue in fiscal year 2023. Expenses of $165K exceeded revenue, resulting in a 173% operating deficit.

Mission

TO HELP NEEDY FAMILIES AND CHURCHES WITH DONATIONS AND SCHOLARSHIPS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $60,471
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $60,471

Expense Breakdown

Grants Paid $164,899
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $164,899
Other Expenses $25
TOTAL EXPENSES $164,924

Year-over-Year Comparison

2023 2022 Change
Revenue $60,471 N/A N/A
Expenses $164,924 N/A N/A
Net Income $-104,453 N/A N/A
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

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Governance

Voting Members
3
Independent Members
N/A
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELENA FERARITA Director 5.00
Director
$0 $0 $0
ERNIE FERARITA Director 3.00
Director
$0 $0 $0
ISAIA FERARITA Director 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
2023 $60,471 $164,924 $539,321 $-104,453
2021 $203,670 $32,483 $514,276 $171,187
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