Providence Ministries for the Needy Inc (EIN 042898893) - 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

1988

Legal Domicile

Principal Officer

BRENDA MCGIVERIN

Phone

4135369109

Tax Period

2024-01-01 to 2024-12-31

Providence Ministries for the Needy Inc, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

To provide for and assist in the feeding, housing and caring for persons in need.

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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 $1,986,154

Program Service Revenue $546,367

Investment Income $32,947

Other Revenue $4,837

TOTAL REVENUE $2,570,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $785,484

Fundraising Expenses $2,094

Program Expenses $2,351,375

Other Expenses $2,002,232

TOTAL EXPENSES $2,787,716

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,570,305	$2,887,122	-0.1%
Expenses	$2,787,716	$2,940,759	-0.1%
Net Income	$-217,411	$-53,637	+3.1%

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

150

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

$86,657

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIE ADAMCZYK THRU 052025	Executive Dir.	40.00	Officer	$86,657	$0	$86,657
Sr Margaret McCleary SP	Pres. Emeritus	0.50	Officer Director	$0	$0	$0
DOREEN FADUS	Trustee	0.25	Director	$0	$0	$0
LYNN IRELAND	Trustee	0.75	Director	$0	$0	$0
Sr Mary Caritas SP	Trustee	0.75	Director	$0	$0	$0
MAUREEN O'CONNOR HOLLAND	Trustee	0.25	Director	$0	$0	$0
MOLLIE SULLIVAN	Trustee	0.25	Director	$0	$0	$0
JOHANNA MALDONADO	Trustee	0.25	Director	$0	$0	$0
KENIA L HERNANDEZ	Secretary	0.25	Officer Director	$0	$0	$0
DANIELLE HAMEL	Trustee	0.25	Director	$0	$0	$0
RUTH ROY	Trustee	0.25	Director	$0	$0	$0
SHARRON O'DAY	Vice Chair	0.25	Officer Director	$0	$0	$0
BRENDA MCGIVERIN	Chairman	0.25	Officer Director	$0	$0	$0
RACHEL DIONNE	Treasurer	0.25	Officer Director	$0	$0	$0
Sr Maxyne D Schneider SSJ	Trustee	0.25	Director	$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	$2,570,305	$2,787,716	$873,566	$-217,411
2023	$2,887,122	$2,940,759	$1,034,364	$-53,637
2022	$1,886,343	$1,818,883	$1,032,679	$67,460
2021	$1,849,889	$1,669,979	$996,921	$179,910
2019	$1,191,665	$1,258,026	$904,498	$-66,361
2018	$1,123,925	$1,164,557	$985,913	$-40,632

Providence Ministries for the Needy Inc