Philadelphia Grace Project Inc (EIN 852787672) - 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

2020

Legal Domicile

Principal Officer

Megan Cohen

Phone

2677026058

Tax Period

2023-01-01 to 2023-12-31

Philadelphia Grace Project Inc, founded in 2020, is a small nonprofit in the Human Services sector that reported $335K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

The Grace Project aims to bring hope through acts of kindness to children and adults impacted by sickness, poverty, or addiction.

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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 $316,296

Program Service Revenue $0

Investment Income $0

Other Revenue $18,817

TOTAL REVENUE $335,113

Expense Breakdown

Grants Paid $278,273

Salaries & Benefits $27,294

Fundraising Expenses $10,918

Program Expenses $300,104

Other Expenses $31,037

TOTAL EXPENSES $336,604

Year-over-Year Comparison

	2023	2022	Change
Revenue	$335,113	$239,365	+0.4%
Expenses	$336,604	$208,896	+0.6%
Net Income	$-1,491	$30,469	-1.0%

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

100

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

$25,000

Total Directors

$25,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Megan Cohen	President/Founder	020.00	Officer Director	$25,000	$0	$25,000
Madyson Thompson	Treasurer	002.00	Officer Director	$0	$0	$0
Jennifer Dascher	Secretary	002.00	Officer Director	$0	$0	$0
Michael Zornberg	Member	001.00	Director	$0	$0	$0
Jocelyn Cohen	Member	001.00	Director	$0	$0	$0
Lisa Gentry	Member	001.00	Director	$0	$0	$0
Tieraney Simmons	Member	001.00	Director	$0	$0	$0
Marc North	Member	001.00	Director	$0	$0	$0
Gina Hooper	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
2023	$335,113	$336,604	$49,617	$-1,491
2022	$239,365	$208,896	$47,142	$30,469

Philadelphia Grace Project Inc