Grace Resource Center Inc (EIN 954309251) - 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

1991

Legal Domicile

Principal Officer

Jeremy Johnson

Phone

6619405272

Tax Period

2023-01-01 to 2023-12-31

Grace Resource Center Inc, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $974K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $150K, a strong 15% operating margin.

Mission

To provide food, shelter, clothing, medical assistance and other immediate need to the thousands of needy and homeless people living in our area.

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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 $902,918

Program Service Revenue $0

Investment Income $18,949

Other Revenue $52,415

TOTAL REVENUE $974,282

Expense Breakdown

Grants Paid $0

Salaries & Benefits $510,414

Fundraising Expenses $14,295

Program Expenses $713,977

Other Expenses $314,256

TOTAL EXPENSES $824,670

Year-over-Year Comparison

	2023	2022	Change
Revenue	$974,282	$726,636	+0.3%
Expenses	$824,670	$738,299	+0.1%
Net Income	$149,612	$-11,663	-13.8%

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

450

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

$95,002

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeremy Johnson	Executive Dir.	40.00	Officer	$69,658	$25,344	$95,002
Janice Forte	Board Secretary	1.00	Officer Director	$0	$0	$0
Bishop Henry Hearns	Director	1.00	Director	$0	$0	$0
Tyrone Jordan	Director	1.00	Director	$0	$0	$0
Andrea Pitsch	Director	1.00	Director	$0	$0	$0
Alisa Wood	Director	1.00	Director	$0	$0	$0
Sonia Lee	Director	1.00	Director	$0	$0	$0
Shawn Caldwell	Director	1.00	Director	$0	$0	$0
Mark McNett	Treasurer	1.00	Officer Director	$0	$0	$0
Jeremy Hartley	President	1.00	Officer Director	$0	$0	$0
Velo Wright	Vice President	1.00	Officer Director	$0	$0	$0
Sean Appleton	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	No data	No data	No data	No data
2023	$974,282	$824,670	$1,140,028	$149,612
2022	$726,636	$738,299	$992,700	$-11,663
2021	$1,223,892	$882,164	$1,012,388	$341,728
2020	$1,077,883	$831,767	$979,335	$246,116
2019	$985,347	$875,125	$620,099	$110,222
2018	$1,152,900	$1,093,451	$506,473	$59,449

Grace Resource Center Inc