PENN SOUTH SOCIAL SERVICES INC (EIN 133413349) - 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

1986

Legal Domicile

Principal Officer

MATTHEW KAHN

Phone

2122553570

Tax Period

2023-07-01 to 2024-06-30

PENN SOUTH SOCIAL SERVICES INC, founded in 1986, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.3M exceeded revenue, resulting in a 10% operating deficit.

Mission

IN KEEPING WITH THE VISION OF THE FOUNDERS OF PENN SOUTH - A LOW TO MODERATE-INCOME NOT-FOR-PROFIT HOUSING COOPERATIVE OF CLOSE TO 5000 INDIVIDUALS IN A SIX-BLOCK ENCLAVE IN MANHATTAN'S CHELSEA NEIGHTBORHOOD - PENN SOUTH SOCIAL SERVICES (PSSS) IS DEDICATED TO ENHANCING THE LIVES OF ALL WHO LIVE IN ITS COMMUNITY AND ITS SURROUNDING AREA. PSSS ENABLES OLDER ADULTS TO "AGE IN PLACE AND LIVE INDEPENDENTLY IN THEIR OWN HOMES. WE BELIEVE ALL PEOPLE CAN BE INSPIRED TO ACHIEVE MORE THAN THEY DREAM WHEN SUPPORTED BY ON-SITE SOCIAL SERVICE AND HEALTH CARE PROFESSIONALS IN A STIMULATING ENBIROMENT OF INNOVATIVE CULTURAL AND RECREATION PROGRAMS. PSSS AIMS TO CONTINUE CREATING MODEL PROGRAMS FOR SUCCESSFUL URBAN LIVING.

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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 $1,148,655

Program Service Revenue $10,956

Investment Income $27,670

Other Revenue $3,106

TOTAL REVENUE $1,190,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,530

Fundraising Expenses $45,397

Program Expenses $1,127,873

Other Expenses $1,201,116

TOTAL EXPENSES $1,314,646

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,190,387	$1,127,858	+0.1%
Expenses	$1,314,646	$1,158,091	+0.1%
Net Income	$-124,259	$-30,233	+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

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

$57,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW KAHN	Executive Dir.	20.00	Officer	$57,500	$0	$57,500
GARY SCHOICHET	President	2.00	Officer Director	$0	$0	$0
CAROL GINSBURG	1ST VICE PRES.	2.00	Officer Director	$0	$0	$0
SONIA GOLDSTEIN	Director	2.00	Officer Director	$0	$0	$0
LEAH COOPER	3RD VICE PRESID	0.00	Director	$0	$0	$0
BEATRICE CORBETT	Secretary	2.00	Officer Director	$0	$0	$0
DANIEL GOTTFRIED	Treasurer	2.00	Officer Director	$0	$0	$0
EDRIE COTE	Director	0.00	Director	$0	$0	$0
TRACY GROSS	Director	2.00	Director	$0	$0	$0
JOHN HARRIS	Director	0.00	Director	$0	$0	$0
ESTELLE ROSENTHAL	Director	2.00	Director	$0	$0	$0
MELISSA IVEY -LAWTON	President	2.00	Director	$0	$0	$0
LYNNE ODDO	Director	0.00	Director	$0	$0	$0
ELLEN SEMEL	Director	2.00	Director	$0	$0	$0
THELMA RUFFIN THOMAS	Director	2.00	Director	$0	$0	$0
TRUDY RUDNICK	Director	2.00	Director	$0	$0	$0
PAULINE ROTHSTEIN	Director	0.00	Director	$0	$0	$0
LISSETTE ACOSTA	Director	2.00	Director	$0	$0	$0
COLETTE SWIETNICKI	Director	0.00	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	$1,190,387	$1,314,646	$2,770,488	$-124,259
2023	$1,127,858	$1,158,091	$2,505,789	$-30,233
2022	$902,584	$968,525	$2,444,595	$-65,941
2021	$1,129,142	$984,277	$2,435,493	$144,865
2020	$1,197,741	$999,701	$1,975,571	$198,040
2019	$1,014,495	$970,852	$1,765,671	$43,643

PENN SOUTH SOCIAL SERVICES INC