Grammys Place (EIN 991972558) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Tax Period

2024-01-01 to 2024-12-31

Grammys Place is a small nonprofit in the Housing & Shelter sector that reported $317K in total revenue in fiscal year 2024. The organization ran a surplus of $132K, a strong 42% operating margin.

Mission

Grammys Place offers a safe, stigma or judgment free housing option that centers mental wellness as a foundation to happy, healthy and productive lives for marginalized Black Transgender/Gender -Non Binary women/people who may have had a history of substance abuse, may have been Sex Workers, or experienced political and religious persecution, physical/emotional/financial/domestic violence or abuse that want, need and desire a safe space to learn how to have long term safety, stability and prosperity for self and other community members.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $317,051

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $317,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,969

Fundraising Expenses $0

Program Expenses $107,140

Other Expenses $123,199

TOTAL EXPENSES $185,168

Year-over-Year Comparison

	2024	2023	Change
Revenue	$317,051	N/A	N/A
Expenses	$185,168	N/A	N/A
Net Income	$131,883	N/A	N/A

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

N/A

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

$57,587

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tamika Spellman	Director	40.00	Director	$57,587	$0	$57,587
Donald Curry	President	0.00	Officer	$0	$0	$0
Leonardo Mills	Vice President	0.00	Officer	$0	$0	$0
Ebony Williams	Secretary	0.00	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	$317,051	$185,168	$131,883	$131,883

Grammys Place