THE PERRYRIDGE CORPORATION

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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

1987

Legal Domicile

Principal Officer

GAIL KOSYLA

Phone

2036882603

Tax Period

2023-10-01 to 2024-09-30

THE PERRYRIDGE CORPORATION, founded in 1987, is a micro nonprofit in the Health Care sector that reported $24K in total revenue in fiscal year 2023. Expenses of $60K exceeded revenue, resulting in a 156% operating deficit.

Mission

TO SUPPORT AND ENCOURAGE HEALTH CARE RELATED SERVICES FOR THE ADVANCEMENT OF THE HEALTH AND WELL-BEING OF THE COMMUNITY THROUGH THE OWNERSHIP, MANAGEMENT AND OPERATION OF REAL ESTATE AND OTHER PROPERTY.

Program Service Accomplishments

Program 1

Expenses: $60,377 Revenue: $23,544

THE PERRYRIDGE CORPORATION HOLDS TITLE TO REAL PROPERTY USED BY GREENWICH HOSPITAL IN FURTHERANCE OF PROVIDING ITS CHARITABLE HEALTH CARE SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $23,544

Investment Income $0

Other Revenue $0

TOTAL REVENUE $23,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,377

Other Expenses $60,377

TOTAL EXPENSES $60,377

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,544	$23,544	N/A
Expenses	$60,377	$65,358	-0.1%
Net Income	$-36,833	$-41,814	-0.1%

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

N/A

Employees

N/A

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

$2,605,382

Total Directors

$3,340,501

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EUGENE J COLUCCI	DIRECTOR & TREASURER	1.00	Officer Director	$0	$49,578	$612,687
DIANE KELLY	DIRECTOR, PRESIDENT & SECR	1.00	Officer Director	$0	$370,755	$1,620,306
JOE CARUSO	DIRECTOR, CHAIR	1.00	Officer Director	$0	$54,391	$372,389
MARC KOSAK	DIRECTOR	1.00	Director	$0	$210,708	$735,119

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	$23,544	$60,377	$1,115,278	$-36,833
2023	$23,544	$65,358	$1,152,111	$-41,814
2022	$23,544	$72,199	$1,181,070	$-48,655
2021	$23,544	$77,008	$1,222,775	$-53,464
2020	$23,544	$88,240	$1,264,151	$-64,696
2019	$24,958	$86,061	$1,307,504	$-61,103
2018	$45,478	$77,826	$1,350,903	$-32,348