My Choice Programs Inc (EIN 042531428) - Form 990 Financial Analysis & Trantor Score

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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

1976

Legal Domicile

Principal Officer

ALAIN J BERET

Phone

5085566887

Tax Period

2024-07-01 to 2025-06-30

My Choice Programs Inc, founded in 1976, is a community nonprofit in the Human Services sector that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $3.7M left a modest 14% surplus.

Mission

TO PROVIDE RESIDENTIAL CARE, SHARED PLACEMENT AND INDIVIDUAL SUPPORT SERVICE FOR INTELLECTUALLY DISABLED INDIVIDUALS .

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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 (2024)

Revenue Breakdown

Contributions & Grants $130,374

Program Service Revenue $4,135,112

Investment Income $5

Other Revenue $0

TOTAL REVENUE $4,265,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,550,997

Fundraising Expenses $0

Program Expenses $3,105,876

Other Expenses $1,129,363

TOTAL EXPENSES $3,680,360

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,265,491	$2,915,897	+0.5%
Expenses	$3,680,360	N/A	N/A
Net Income	$585,131	$2,915,897	-0.8%

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

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

$245,773

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT	2.00	Officer Director	$0	$0	$0
DIANE FREEMAN	BOARD DIRECTOR	2.00	Officer Director	$0	$0	$0
CHERYL MILAS	BOARD DIRECTOR	2.00	Officer Director	$0	$0	$0
ALAIN J BERET	CHIEF EXECUTIVE OFFICER	40.00	Officer	$245,773	$0	$245,773

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
2025	$4,265,491	$3,680,360	$1,319,970	$585,131
2024	$2,915,897	$2,967,752	$874,618	$-51,855
2023	$2,284,562	$2,501,094	$668,669	$-216,532
2022	$2,487,199	$2,172,270	$991,396	$314,929
2021	$1,765,834	$1,681,042	$556,489	$84,792
2020	$1,801,186	$1,784,473	$530,745	$16,713
2019	$2,007,102	$2,204,551	$850,128	$-197,449
2018	$1,910,453	$2,070,150	$1,037,530	$-159,697

My Choice Programs Inc