PENICK VILLAGE FOUNDATION INC

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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

2003

Legal Domicile

Principal Officer

ALVA S CROMARTIE III

Phone

9106920300

Tax Period

2023-10-01 to 2024-09-30

PENICK VILLAGE FOUNDATION INC, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $409K in total revenue in fiscal year 2023. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $910K exceeded revenue, resulting in a 122% operating deficit.

Mission

PENICK VILLAGE FOUNDATION CONTINUES ITS MISSION TO RAISE AND DISTRIBUTE FUNDS TO PENICK VILLAGE, INC.

Program Service Accomplishments

Program 1

Expenses: $763,695 Revenue: $0

RAISE AND DISTRIBUTE FUNDS TO SUPPORT THE CHARITY WORK, MISSION AND VISION OF PENICK VILLAGE, INC.

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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 $324,795

Program Service Revenue $0

Investment Income $85,622

Other Revenue $-1,306

TOTAL REVENUE $409,111

Expense Breakdown

Grants Paid $763,695

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $763,695

Other Expenses $145,921

TOTAL EXPENSES $909,616

Year-over-Year Comparison

	2023	2022	Change
Revenue	$409,111	$1,792,416	-0.8%
Expenses	$909,616	$761,434	+0.2%
Net Income	$-500,505	$1,030,982	-1.5%

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

N/A

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

$696,860

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM HEISEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM DAVIS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BOB DARST	TREASURER	1.00	Officer Director	$0	$0	$0
ADAIR WORONOFF	SECRETARY	1.00	Officer Director	$0	$0	$0
HUGH BINGHAM	TRUSTEE	1.00	Director	$0	$0	$0
KELLY CHANDLEY	TRUSTEE	1.00	Director	$0	$0	$0
JANICE DIXON	TRUSTEE	1.00	Director	$0	$0	$0
DR NANCY ELLIS	TRUSTEE	1.00	Director	$0	$0	$0
KARYN KLINE	TRUSTEE	1.00	Director	$0	$0	$0
PATTY POTTLE	TRUSTEE	1.00	Director	$0	$0	$0
DR JIM TART	TRUSTEE	1.00	Director	$0	$0	$0
LANE WEST	TRUSTEE	1.00	Director	$0	$0	$0
MICAH NIEBAUER	TRUSTEE	1.00	Director	$0	$0	$0
JOANNE DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
ALVA CROMARTIE	CEO	1.00	Officer	$0	$37,613	$320,513
TERRY KEES	CFO-RETIRED - (2/28/2024)	1.00	Officer	$0	$13,995	$238,848
CHRISTOPHER MOONEY	CFO (AS OF 3/1/24)	1.00	Officer	$0	$18,885	$137,499

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	$409,111	$909,616	$3,193,712	$-500,505
2023	$1,792,416	$761,434	$3,162,560	$1,030,982
2022	$733,887	$713,449	$1,996,780	$20,438
2021	$528,200	$344,333	$2,472,410	$183,867
2020	$470,075	$344,665	$2,044,527	$125,410
2019	$743,130	$672,772	$1,836,590	$70,358
2018	$860,013	$722,969	$1,678,072	$137,044