GRACE TOWER INC (EIN 952461674) - 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

1967

Legal Domicile

Principal Officer

EMIL J WOHL

Phone

8583128170

Tax Period

2024-01-01 to 2024-12-31

GRACE TOWER INC, founded in 1967, is a community nonprofit in the Housing & Shelter sector that reported $5.5M in total revenue in fiscal year 2024. The organization ran a surplus of $3.2M, a strong 58% operating margin.

Mission

TO OPERATE AN APARTMENT COMPLEX OF 168 UNITS TO PROVIDE LOW-INCOME HOUSING FOR ELDERLY TENANTS.

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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 $0

Program Service Revenue $4,503,323

Investment Income $1,040,968

Other Revenue $0

TOTAL REVENUE $5,544,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $465,227

Fundraising Expenses $0

Program Expenses $1,822,725

Other Expenses $1,859,599

TOTAL EXPENSES $2,324,826

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,544,291	$5,139,045	+0.1%
Expenses	$2,324,826	$2,241,952	+0.0%
Net Income	$3,219,465	$2,897,093	+0.1%

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

Employees

Volunteers

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
EMIL J WOHL	President	1.00	Officer Director	$0	$0	$0
AL DEBERARDINIS	Director	1.00	Director	$0	$0	$0
ROBERT L RENTTO	Secretary/CFO	1.00	Officer Director	$0	$0	$0
JAMES A CHATFIELD	Director	1.00	Director	$0	$0	$0
MICHAEL GIBSON	Director	1.00	Director	$0	$0	$0
DREW HUBBELL	Director	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	$5,544,291	$2,324,826	$39,627,989	$3,219,465
2023	$5,139,045	$2,241,952	$36,630,423	$2,897,093
2022	$4,208,003	$2,142,951	$33,970,858	$2,065,052
2021	$4,060,490	$2,074,584	$32,129,114	$1,985,906
2020	$3,203,808	$2,110,619	$30,366,955	$1,093,189
2019	$2,603,106	$2,178,626	$29,425,011	$424,480
2018	$2,389,807	$1,952,987	$29,169,542	$436,820

GRACE TOWER INC