PROGRESSIVE HEALTHCARE PROVIDERSFERN PARK LLC (EIN 201018424) - 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

2004

Legal Domicile

Principal Officer

CHARLES R SYKES JR

Phone

9016925555

Tax Period

2023-03-01 to 2024-02-29

PROGRESSIVE HEALTHCARE PROVIDERSFERN PARK LLC, founded in 2004, is a mid-sized nonprofit that reported $11.0M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $9.9M left a modest 9% surplus.

Mission

FERN PARK DEVELOPMENTAL CENTER PROVIDES SERVICES AND SUPPORT TO INDIVIDUALS LIVING WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

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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 $10,855,566

Investment Income $95,707

Other Revenue $15,515

TOTAL REVENUE $10,966,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,465,010

Fundraising Expenses $0

Program Expenses $9,033,441

Other Expenses $4,477,351

TOTAL EXPENSES $9,942,361

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,966,788	$9,530,778	+0.2%
Expenses	$9,942,361	$9,093,176	+0.1%
Net Income	$1,024,427	$437,602	+1.3%

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

174

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

$180,050

Total Directors

$199,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES R SYKES JR	COO/BOARD MEMBER	10.00	Officer Director	$0	$0	$81,050
BARBARA J RAY	BOARD MEMBER	1.00	Director	$0	$0	$12,000
SARA CASE	CEO/CHAIRMAN OF THE BOARD	10.00	Officer Director	$0	$0	$87,000
DANIEL C LANGORD JR	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$12,000
HEATHER LOOBY	BOARD MEMBER	1.00	Director	$0	$0	$7,000

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	$10,966,788	$9,942,361	$6,343,972	$1,024,427
2023	$9,530,778	$9,093,176	$5,613,356	$437,602
2022	$7,404,656	$7,738,227	$5,161,371	$-333,571
2021	$7,773,147	$7,560,544	$5,924,806	$212,603
2020	$7,941,877	$7,817,366	$5,789,060	$124,511
2019	$7,829,166	$7,713,346	$5,418,052	$115,820

PROGRESSIVE HEALTHCARE PROVIDERSFERN PARK LLC