Grace Housing Inc (EIN 874626378) - 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

2022

Legal Domicile

Tax Period

2023-10-01 to 2024-09-30

Grace Housing Inc, founded in 2022, is a micro nonprofit in the Housing & Shelter sector that reported $32K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $47K exceeded revenue, resulting in a 47% operating deficit.

Mission

Provide affordable housing and social support to people in economic need.

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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 $16,279

Program Service Revenue $0

Investment Income $0

Other Revenue $15,464

TOTAL REVENUE $31,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $41,077

Other Expenses $46,577

TOTAL EXPENSES $46,577

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,743	$39,653	-0.2%
Expenses	$46,577	$48,976	0.0%
Net Income	$-14,834	$-9,323	+0.6%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bobbie Montgomery	Board Member	0.50	Director	$0	$0	$0
Susan Schultz	Board Member	1.00	Director	$0	$0	$0
Stella Smith	Board Member	0.50	Director	$0	$0	$0
Gary Ervin	President	0.50	Officer Director	$0	$0	$0
Jan West	Vice President	0.50	Officer Director	$0	$0	$0
Debbra Shelton	Finance Officer	1.00	Officer	$0	$0	$0
Nancy Schreck	Recording Secretary	1.00	Officer	$0	$0	$0
Elizabeth Brown	Ex Official	1.00	Officer	$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	$31,743	$46,577	$514,726	$-14,834
2023	$39,653	$48,976	$529,157	$-9,323
2022	$567,947	$30,191	$538,873	$537,756

Grace Housing Inc