Grace Nursing Center Inc
Morganton, North Carolina
B+Health Score
65B+
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Good
💰
$767K
Total Revenue
📊
$69K
Total Expenses
🏦
$3.0M
Net Assets
📋
$28
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
+100.0%
Year-over-year change (2022 → 2023)
Net Margin
+91.0%
Revenue minus expenses as % of revenue
Working Capital Ratio
43.12
Net assets divided by total expenses
Liabilities-to-Assets
0.0%
Total liabilities as % of total assets
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $766,500↑100% | $69,290↑109% | $2,988,090↑30% | |
| 2022 | $383,250↓50% | $33,122↓63% | $2,290,877↑11% | — |
| 2021 | $768,895↓1% | $89,857↓55% | $2,065,348↑64% | — |
| 2020 | $774,145↓84% | $200,596↓96% | $1,261,749↑85% | — |
| 2019 | $4,742,467↓43% | $5,107,930↓40% | $682,609↓61% | — |
| 2018 | $8,274,964↓1% | $8,462,327 | $1,734,762↓9% | — |
| 2017 | $8,397,063↑10% | $8,478,890↓1% | $1,901,909↓6% | — |
| 2016 | $7,633,847↓10% | $8,597,610↓1% | $2,020,260↓29% | — |
| 2015 | $8,526,949↑2% | $8,723,118↓1% | $2,855,419↓9% | — |
| 2014 | $8,337,957↓4% | $8,851,627↑5% | $3,151,102↓15% | — |
| 2013 | $8,691,428↑5% | $8,405,194↑5% | $3,695,080↑9% | — |
| 2012 | $8,310,414↑3% | $8,034,435↑2% | $3,378,720↑8% | — |
| 2011 | $8,103,165 | $7,839,703 | $3,127,236 | — |
Frequently Asked Questions
What does Grace Nursing Center Inc do?▼
Grace Nursing Center Inc is a health care nonprofit organization based in North Carolina. It is classified under NTEE code E910 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Grace Nursing Center Inc financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Grace Nursing Center Inc.
How much revenue does Grace Nursing Center Inc generate?▼
Grace Nursing Center Inc reports $739K in annual revenue and holds $3.7M in total assets, based on IRS filings.
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