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Nonprofiteer
← GRACE HEALTH INC

Form 990 for tax year 2024

Filed by GRACE HEALTH INC.

Totals

Total revenue
$57,076,900
Total expenses
$55,498,901
Contributions and grants received
$9,731,184
Grants paid
$0
Program service revenue
$46,048,311
Investment income
$1,184,093
Other revenue
$113,312
Total assets, end of year
$48,909,386
Total liabilities, end of year
$3,855,645
Net assets or fund balances, end of year
$45,053,741
Program services expenses (Part IX)
$43,953,053
Management and general expenses
$11,545,848
Fundraising expenses
$0
Program service expenses (Part III)
$43,953,053

Program services were 79.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $5,593,627

  • 1f · All other contributions, gifts and grants

    $4,137,557

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $24,754,438 · related or exempt $24,754,438

  • 2b · Program service revenue: PHARMACY REVENUE

    total $21,293,873 · related or exempt $21,293,873

  • 3 · Investment income

    total $1,184,093 · excluded $1,184,093

  • 11a · Other revenue: OTHER INCOME

    total $113,312 · excluded $113,312

  • 11e · Other revenue, total

    $113,312

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $954,746 · management and general $954,746

  • 7 · Other salaries and wages

    total $24,340,661 · program services $19,774,499 · management and general $4,566,162

  • 8 · Pension plan contributions

    total $882,443 · program services $734,038 · management and general $148,405

  • 9 · Other employee benefits

    total $4,112,711 · program services $3,130,909 · management and general $981,802

  • 10 · Payroll taxes

    total $1,851,852 · program services $1,465,443 · management and general $386,409

  • 11b · Fees: legal

    total $15,882 · program services $163 · management and general $15,719

  • 11c · Fees: accounting

    total $69,529 · program services $6,000 · management and general $63,529

  • 11g · Fees: other

    total $3,354,087 · program services $2,287,972 · management and general $1,066,115

  • 12 · Advertising and promotion

    total $203,431 · program services $18,838 · management and general $184,593

  • 13 · Office expenses

    total $592,162 · program services $188,011 · management and general $404,151

  • 14 · Information technology

    total $1,974,302 · program services $379,486 · management and general $1,594,816

  • 16 · Occupancy

    total $490,881 · program services $400,668 · management and general $90,213

  • 17 · Travel

    total $396,945 · program services $226,320 · management and general $170,625

  • 22 · Depreciation, depletion and amortization

    total $1,165,641 · program services $714,090 · management and general $451,551

  • 23 · Insurance

    total $115,449 · program services $106,393 · management and general $9,056

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $14,472,348 · program services $14,404,507 · management and general $67,841

  • 24b · Other expenses: MAINTENANCE

    total $477,507 · program services $115,501 · management and general $362,006

  • 24c · Other expenses: MISCELLANEOUS

    total $28,324 · program services $215 · management and general $28,109

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,955,139 · end of year $13,066,579

  • 3 · Pledges and grants receivable

    beginning of year $150,000 · end of year $350,000

  • 4 · Accounts receivable

    beginning of year $4,451,601 · end of year $4,262,230

  • 8 · Inventories for sale or use

    beginning of year $984,660 · end of year $1,063,370

  • 9 · Prepaid expenses and deferred charges

    beginning of year $363,081 · end of year $431,427

  • 10a · Land, buildings and equipment: cost or other basis

    $32,509,599

  • 10b · Land, buildings and equipment: accumulated depreciation

    $14,685,118

  • 10c · Land, buildings and equipment, net

    beginning of year $17,481,791 · end of year $17,824,481

  • 11 · Investments: publicly traded securities

    beginning of year $9,054,357 · end of year $9,886,961

  • 15 · Other assets

    beginning of year $169,116 · end of year $2,024,338

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,593,724 · end of year $3,018,361

  • 25 · Other liabilities

    beginning of year $826,635 · end of year $837,284

  • 27 · Net assets without donor restrictions

    beginning of year $42,994,259 · end of year $44,998,446

  • 28 · Net assets with donor restrictions

    beginning of year $195,127 · end of year $55,295

Mission and programs · 2024

Mission

TO PROVIDE PATIENT-CENTERED HEALTHCARE WITH EXCELLENCE IN QUALITY, SERVICE AND ACCESS.

  • GRACE HEALTH IS A FEDERALLY QUALIFIED HEALTH CENTER (FQHC) COMMITTED TO TREATING EACH PATIENT'S HEALTH CARE NEEDS. GRACE HEALTH PROVIDES PATIENT CARE IN A TEAM-BASE SETTING OR "NEIGHBORHOOD" WHICH INCLUDES A VARIETY OF SERVICES SUCH AS; PRIMARY CARE PROVIDER AND PRIMARY HEALTH CARE IN FAMILY PRACTICE MEDICINE, PEDIATRICS, INTERNAL MEDICINE, OBSTETRICS/GYNECOLOGY, BEHAVIORAL HEALTH, OPTOMETRY, PHYSICAL THERAPY, PODIATRY, DENTAL AND PHARMACY SERVICES.

    Expenses $43,953,053 · Revenue $46,048,311

As filed on the 2024 return.

Listed in Part VII

  • DEAN NEWSOME

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • TIMOTHY KOOL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • ANN GALLAGHER

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • JAMES REED

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • YANIRA FLORES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • BRIDGETTE JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • THA PAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • LATOSHA POTTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • KATHERINE SEGAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • SHANNON BAGLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • SONJA ELDER

    VICE PRESIDENT/CIO

    Total calculated
    $222,262
    From this org
    $202,308
    From related orgs
    $0
    Other
    $19,954
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,308
    Bonus
    $0
    Other
    $0
    Deferred
    $10,007
    Nontaxable benefits
    $9,947
    Filer's total
    $222,262

  • BRIAN HUTCHINGS

    VICE PRESIDENT/CFO

    Total calculated
    $230,324
    From this org
    $195,798
    From related orgs
    $0
    Other
    $34,526
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,798
    Bonus
    $0
    Other
    $0
    Deferred
    $10,075
    Nontaxable benefits
    $24,451
    Filer's total
    $230,324

  • JILL WISE

    VICE PRESIDENT/COO

    Total calculated
    $218,105
    From this org
    $183,901
    From related orgs
    $0
    Other
    $34,204
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,901
    Bonus
    $0
    Other
    $0
    Deferred
    $9,753
    Nontaxable benefits
    $24,451
    Filer's total
    $218,105

  • PETER CHANG

    PRESIDENT/CEO

    Total calculated
    $412,440
    From this org
    $372,739
    From related orgs
    $0
    Other
    $39,701
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $372,739
    Bonus
    $0
    Other
    $0
    Deferred
    $15,250
    Nontaxable benefits
    $24,451
    Filer's total
    $412,440

  • BETTY RUMSCHLAG

    VICE PRESIDENT/CMO

    Total calculated
    $161,572
    From this org
    $148,325
    From related orgs
    $0
    Other
    $13,247
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,325
    Bonus
    $0
    Other
    $0
    Deferred
    $3,058
    Nontaxable benefits
    $10,189
    Filer's total
    $161,572

  • BENDAN COLLINS

    PHYSICIAN

    Total calculated
    $289,128
    From this org
    $263,570
    From related orgs
    $0
    Other
    $25,558
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $263,570
    Bonus
    $0
    Other
    $0
    Deferred
    $11,278
    Nontaxable benefits
    $14,280
    Filer's total
    $289,128

  • NICOLE SALERNO-FETTERHOFF

    PHYSICIAN

    Total calculated
    $205,310
    From this org
    $194,448
    From related orgs
    $0
    Other
    $10,862
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,448
    Bonus
    $0
    Other
    $0
    Deferred
    $9,945
    Nontaxable benefits
    $917
    Filer's total
    $205,310

  • BARBARA SCHAFFHAUSER

    PHYSICIAN

    Total calculated
    $247,376
    From this org
    $228,512
    From related orgs
    $0
    Other
    $18,864
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,512
    Bonus
    $0
    Other
    $0
    Deferred
    $9,344
    Nontaxable benefits
    $9,520
    Filer's total
    $247,376

  • ELIZABETH METTLER

    PHYSICIAN

    Total calculated
    $221,730
    From this org
    $192,080
    From related orgs
    $0
    Other
    $29,650
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $192,080
    Bonus
    $0
    Other
    $0
    Deferred
    $9,933
    Nontaxable benefits
    $19,717
    Filer's total
    $221,730

  • NITAL MURTHI

    PHYSICIAN

    Total calculated
    $235,645
    From this org
    $217,106
    From related orgs
    $0
    Other
    $18,539
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,106
    Bonus
    $0
    Other
    $0
    Deferred
    $8,337
    Nontaxable benefits
    $10,202
    Filer's total
    $235,645

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION OF THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS. THE BOARD CHAIR COMPARES THE COMPENSATION TO SALARY RANGES SET BY NATIONAL INDUSTRY ASSOCIATIONS FOR VALIDATION. THE BOARD CHAIR NOTIFIES THE CEO AND CFO OF THE BOARD APPROVED AMOUNT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
8 April 2025
IRS schema version
2024v5.1
Source object
202511019349300506

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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