PROGRAM DEVELOPMENT SERVICES (EIN 112715916) - 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

1983

Legal Domicile

Phone

7182562212

Tax Period

2024-07-01 to 2025-06-30

PROGRAM DEVELOPMENT SERVICES, founded in 1983, is a mid-sized nonprofit that reported $33.0M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $31.4M left a modest 5% surplus.

Mission

PROVIDE SERVICES FOR THE DEVELOPMENTALLY DISABLED OF NEW YORK THROUGH THE OPERATION OF RESIDENTIAL ALTERNATIVE PROGRAMS, AN INTERMEDIATE CARE FACILITY, AND OTHER PROGRAMS.

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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 $1,098,113

Program Service Revenue $30,697,948

Investment Income $620,085

Other Revenue $603,435

TOTAL REVENUE $33,019,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,337,528

Fundraising Expenses $0

Program Expenses $28,631,255

Other Expenses $10,062,915

TOTAL EXPENSES $31,400,443

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,019,581	$30,552,015	+0.1%
Expenses	$31,400,443	$29,821,895	+0.1%
Net Income	$1,619,138	$730,120	+1.2%

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

423

Volunteers

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

$430,076

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER PERRONE	BOARD CHAIRMAN	1.0	Officer Director	$0	$0	$0
FRANK NARGENTINO	BOARD TREASURER	1.0	Officer Director	$0	$0	$0
JILL WOODFORD-TAYLOR	ASSISTANT BOARD CHAIR	1.0	Officer Director	$0	$0	$0
MILDA DARZINSKIS	BOARD SECRETARY	1.0	Officer Director	$0	$0	$0
BETH PERRONE	BOARD MEMBER	1.0	Director	$0	$0	$0
NANCY SIGNORE	BOARD MEMBER	1.0	Director	$0	$0	$0
RICHARD MURRAY	BOARD MEMBER	1.0	Director	$0	$0	$0
ELIZABETH LYNAM	EXECUTIVE DIRECTOR	40.0	Officer	$241,194	$0	$241,194
ROSEMARIE GOODEN	CHIEF FINANCIAL OFFICER (LEFT 1/2025)	40.0	Officer	$180,049	$8,833	$188,882
CHRISTIAN ALPHONSE	Facility Director	40.0	Highest	$129,921	$571	$130,492
HOK CHUI	CONTROLLER	40.0	Highest	$139,243	$7,054	$146,297
NATASHA PAYSON	DIRECTOR OF OPERATION	40.0	Highest	$130,173	$15,669	$145,842
OLUWATORERA OLAPADE	Nurse	40.0	Highest	$114,162	$1,507	$115,669
RACHEL JEAN-PIERRE	Director of Residential Services	40.0	Highest	$113,340	$7,236	$120,576
LYNN VAIRO	EXECUTIVE DIRECTOR (THROUGH 3/2024)	35.0		$126,242	$1,596	$127,838

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	$33,019,581	$31,400,443	$38,586,507	$1,619,138
2024	$30,552,015	$29,821,895	$37,223,608	$730,120
2023	$32,486,388	$31,308,147	$35,229,965	$1,178,241
2022	$35,075,490	$30,394,978	$30,500,901	$4,680,512
2021	$21,610,144	$21,461,721	$16,969,361	$148,423
2020	$20,476,692	$19,954,393	$14,951,100	$522,299
2019	$19,714,930	$20,409,808	$11,422,353	$-694,878
2018	$19,601,386	$19,534,012	$12,658,217	$67,374

PROGRAM DEVELOPMENT SERVICES