GROOMES FAMILY HOME

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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

PHILIS GROOMES

Phone

3232451744

Tax Period

2023-01-01 to 2023-12-31

GROOMES FAMILY HOME, founded in 1991, is a micro nonprofit in the Housing & Shelter sector that reported $64K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $77K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE ORGANIZATIONS MISSION IS TO PROVIDE FOOD AND SHELTER FOR SENIOR CITIZENS AND THE HOMELESS.

Program Service Accomplishments

Program 1

Expenses: $76,869 Revenue: $64,299

THE ORGANIZATION PROVIDES FOOD AND SHELTER FOR SENIOR CITIZENS AND THE HOMELESS. THE THREE MAJOR EXPENSES ARE RELATED TO THE PURPOSE OF THE ORGANIZATION WHICH IS PROVIDING FOOD & SHELTER, AND THESE...

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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 $64,299

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $64,299

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $76,869

Other Expenses $76,869

TOTAL EXPENSES $76,869

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,299	$70,808	-0.1%
Expenses	$76,869	$76,405	+0.0%
Net Income	$-12,570	$-5,597	+1.2%

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
PHILIS GROOMES	CHIEF EXECUTIVE OFFICER	20.00	Officer	$0	$0	$0
JANNIE ROSS	SECRETARY	20.00	Officer	$0	$0	$0
VIRGIL LOVE	CHIEF FINANCIAL OFFICER	20.00	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	No data	No data	No data	No data
2023	$64,299	$76,869	$-11	$-12,570
2022	$70,808	$76,405	$-128	$-5,597
2021	$66,713	$73,554	No data	$-6,841