Grace Health Properties Inc (EIN 863557868) - 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

2021

Legal Domicile

Phone

6065269005

Tax Period

2024-01-01 to 2024-12-31

Grace Health Properties Inc, founded in 2021, is a community nonprofit in the Community Improvement sector that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $623K, a strong 19% operating margin.

Mission

ENHANCE THE REVITALIZATION OF UNDERSERVED COMMUNITIES IN SE KY BY ACTIVELY FACILITATING GRACE HEALTH'S RENTAL REQUIREMENTS AND ENSURING COMPLIANCE WITH THE NEW MARKET TAX CREDIT.

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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 $1,847,423

Program Service Revenue $0

Investment Income $0

Other Revenue $1,394,585

TOTAL REVENUE $3,242,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,619,321

TOTAL EXPENSES $2,619,321

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,242,008	$2,753,906	+0.2%
Expenses	$2,619,321	$552,599	+3.7%
Net Income	$622,687	$2,201,307	-0.7%

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

$676,001

Total Directors

$676,001

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD STEVENS	CHIEF FINANCIAL OFFICER	0.0	Officer Director	$0	$19,051	$338,039
JEFFREY CAMPBELL	CHIEF OPERATING OFFICER	0.0	Officer Director	$0	$35,102	$337,962
MELVIN SCARBERRY	BOARD MEMBER	1.0	Director	$0	$0	$0
MICHAEL ADDISON	BOARD MEMBER	1.0	Director	$0	$0	$0
PAUL TAYLOR	BOARD MEMBER	1.0	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	$3,242,008	$2,619,321	$34,158,718	$622,687
2023	$2,753,906	$552,599	$36,515,334	$2,201,307
2022	$1,280,016	$237,542	$34,190,198	$1,042,474

Grace Health Properties Inc