The Grace Foundation for Health Wellness & Education

Nonprofit profile at a glance

EIN
273418360
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Cleveland, OH, USA
Phone
2166874011
Rating confidence
Limited
Sector
Single Organization Support

Reported finances

Revenue
$0
Expenses
$319,015
Assets
$631,999
Liabilities
$1,160,526

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • MICHELLE HENNIS (INTERIM PRESIDENT AND CEO)

Highest reported compensation

  • MICHELLE HENNIS (INTERIM PRESIDENT AND CEO): $173,194 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To be a supporting organization to 501(c)(3) organizations including grace hospital, specialty hospital of lorain, and such other 501(c)(3) organizations as may be designated from time to time. The purposes of the organization include to provide administrative and support services to assist grace hospital, specialty and other organizations as may be designated from time to time, to advance awareness of the needs for preservation of health and the rendering of care to the sick and injured, to carry on educational activities and scientific research that promotes the preservation of health or rendering of care to the sick and injured, to assist in the recruitment and selection of volunteer trustees for grace hospital, specialty and other non-profit organizations, and to provide funding to assist grace hospital, specialty and other non-profit organizations, as may be designated from time to time, in carrying out their missions.

What it reported doing in 2024

Supporting organization to grace hospital and specialty hospital of lorain.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 56
  • Transparency & Controls: 72
  • Accountability: 100
  • Sustainability: 13
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 74.1%; rating input score 74
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 1.98; rating input score 34; 34th percentile among comparable filings
  • Liabilities to assets ratio: 1.84; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 3.2%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 43.9% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: -21% per year; rating input score 0; 19th percentile among comparable filings
  • Asset growth: 2% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • Where the money goes: 74.1% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $237K in reported program spending
  • Leadership: top reported pay $173K · 8 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 15 of 15 current checks pass
  • Schedules: 6 filed schedules · includes executive pay and related organizations
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • High — Sustainability: Officer compensation ratio scored 19/100.