GRACE CENTER FOR ADULT DAY SERVICES (EIN 930839745) - 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

1983

Legal Domicile

Principal Officer

RENE KNIGHT

Phone

5417548417

Tax Period

2023-01-01 to 2023-12-31

GRACE CENTER FOR ADULT DAY SERVICES, founded in 1983, is a small nonprofit in the Human Services sector that reported $687K in total revenue in fiscal year 2023. Expenses of $849K exceeded revenue, resulting in a 24% operating deficit.

Mission

GRACE CENTER'S MISSION IS TO PROVIDE DAY SERVICES THAT OPTIMIZE THE COGNITIVE AND PHYSICAL ABILITIES OF SENIORS AND ADULTS WITH DISABILITIES SO THEY CAN REMAIN AS INDEPENDENT AS POSSIBLE AND IN THEIR HOMES.

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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 $199,619

Program Service Revenue $476,357

Investment Income $5,030

Other Revenue $5,896

TOTAL REVENUE $686,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $632,753

Fundraising Expenses $0

Program Expenses $581,586

Other Expenses $216,676

TOTAL EXPENSES $849,429

Year-over-Year Comparison

	2023	2022	Change
Revenue	$686,902	$708,563	0.0%
Expenses	$849,429	$816,947	+0.0%
Net Income	$-162,527	$-108,384	+0.5%

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

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

$84,864

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM FIELD	PRESIDENT	1.00	Officer Director	$0	$0	$0
BETTY MCCAULEY	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY BAIRD	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE B BARTH	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA HANSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
J DIANA PARMENTER	BOARD MEMBER	1.00	Director	$0	$0	$0
RENE KNIGHT	DIRECTOR OF OPERATIONS	40.00	Director	$84,864	$0	$84,864
SUNITA VASDEV	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL CORBITT	TREASURER	1.00	Officer Director	$0	$0	$0
GREGG OLSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LISA CORNELIUS	SECRETARY	1.00	Director	$0	$0	$0
CLAUDIA DEAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARILYN BRASIER	BOARD MEMBER	1.00	Director	$0	$0	$0
HEIDI IGARASHI	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$686,902	$849,429	$1,299,384	$-162,527
2022	$708,563	$816,947	$1,505,686	$-108,384
2021	$809,973	$686,022	$1,651,100	$123,951
2020	$1,037,813	$745,140	$1,689,224	$292,673

GRACE CENTER FOR ADULT DAY SERVICES