PRINCE HALL SERVICE FUND INC PRINC… - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

DARREN M MORTON

Phone

2122811444

Tax Period

2023-07-01 to 2024-06-30

PRINCE HALL SERVICE FUND INC PRINCE HALL DAY CARE, founded in 1967, is a small nonprofit that reported $314K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $426K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO PROVIDE FULL DAY CHILD CARE SERVICES TO ECONOMICALLY DISADVANTAGE CHILDREN IN THE COMMUNITY

Program Service Accomplishments

Program 1

CITY OF NEWYORK DEPARTMENT OF EDUCATION PROVIDES FUNDS TO CARRYOUT CHILDCARE SERVICES TO APPROXIMATELY 20 CHILDREN

Program 2

NEWYORK STATE DEPARTMENT OF HEALTH CHILD AND ADULT CARE FOOD PROGRAM PROVIDES FUNDS FOR FOOD AND NONFOOD RELATED EXPENDITURES FOR CHILDREN ENROLLED IN THE PROGRAM

Program 3

CHILD CARE - UPK

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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 $302,305

Program Service Revenue $0

Investment Income $0

Other Revenue $11,800

TOTAL REVENUE $314,105

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $299,519

Fundraising Expenses $0

Other Expenses $125,551

TOTAL EXPENSES $426,070

Year-over-Year Comparison

	2023	2022	Change
Revenue	$314,105	$383,524	-0.2%
Expenses	$426,070	$435,670	0.0%
Net Income	$-111,965	$-52,146	+1.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DARREN M MORTON	PRESIDENT	Director	$0	$0	$0
GREGORY R SMITH	VICE PRESIDENT	Director	$0	$0	$0
SANDINO SANCHEZ	EXECUTIVE DIRECTOR	Director	$0	$0	$0
MARILYN ROSE	EXECUTIVE DIRECTOR	Director	$0	$0	$0
JEAN APOLLON	TREASURER	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
2025	No data	No data	No data	No data
2024	$314,105	$426,070	$7,541	$-111,965
2023	$202,021	$429,927	$118,985	$-227,906
2022	$432,590	$413,395	$128,755	$19,195
2021	$523,920	$512,360	$110,099	$11,560
2020	$528,533	$483,799	$112,044	$44,734
2019	$419,222	$421,925	$73,728	$-2,703
2018	$448,490	$463,227	$146,017	$-14,737

PRINCE HALL SERVICE FUND INC PRINCE HALL DAY CARE