GRACEPOINT RESOURCE CENTER LLC

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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

2020

Principal Officer

BRIAN HANNON

Phone

2198660740

Tax Period

2024-01-01 to 2024-12-31

GRACEPOINT RESOURCE CENTER LLC, founded in 2020, is a micro nonprofit in the Religion sector that reported $61K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $75K exceeded revenue, resulting in a 21% operating deficit.

Mission

GRACEPOINT RESOURCE CENTER EXISTS TO OFFER HOPE AND HELP TO THE RENSSELAER COMMUNITY BY EQUIPPING PEOPLE TO FACE THE CHALLENGES OF THEIR DAILY LIVES THROUGH BIBLICAL COUNSELING, GROUP MENTORING CLASSES, AND OTHER PRACTICAL RESOURCES AND TRAINING.

Program Service Accomplishments

Program 1

Expenses: $74,520

THE LLC IS ORGANIZED TO OPERATE EXCLUSIVELY FOR THE PURPOSE FOR WHICH IT WAS ESTABLISHED. CONTRIBUTIONS RECEIVED BY THE LLC WILL EITHER BE USED DIRECTLY TO SATISFY THESE PURPOSES OR WILL BE INVESTED...

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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 $50,590

Program Service Revenue $0

Investment Income $258

Other Revenue $10,513

TOTAL REVENUE $61,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $74,520

Other Expenses $74,520

TOTAL EXPENSES $74,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,361	$80,630	-0.2%
Expenses	$74,520	$68,977	+0.1%
Net Income	$-13,159	$11,653	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN HANNON	DIRECTOR	N/A	Officer 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	$61,361	$74,520	$36,992	$-13,159
2023	$80,630	$68,977	$50,151	$11,653
2022	$75,098	$64,732	$38,498	$10,366
2021	$69,622	$62,526	$28,132	$7,096
2020	$36,380	$27,892	$21,036	$8,488