PRECIOUSCARE GROUP HOMES 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

2007

Legal Domicile

Principal Officer

SANDRA OBAKPOLOR

Phone

3134659199

Tax Period

2023-01-01 to 2023-12-31

PRECIOUSCARE GROUP HOMES INC, founded in 2007, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $224K, a strong 19% operating margin.

Mission

TO PROVIDE TRAINING AND ASSIST CONSUMERS TO ACQUIRE, MAINTAIN OR IMPROVE SKILLS RELATED TO ACTIVITIES OF DAILY LIVING.

Program Service Accomplishments

Program 1

Expenses: $978,257

DURING THE YEAR THE GROUP HOME PROVIDED TRAINING AND HELP THE CONSUMERS/ CLIENTS TO ACQUIRE THE SKILLS NECESSARY FOR THEIR DAILY LIVING. AT ANY GIVEN TIME DURING THE YEAR, THERE WERE ALWAYS 5...

DURING THE YEAR THE GROUP HOME PROVIDED TRAINING AND HELP THE CONSUMERS/ CLIENTS TO ACQUIRE THE SKILLS NECESSARY FOR THEIR DAILY LIVING. AT ANY GIVEN TIME DURING THE YEAR, THERE WERE ALWAYS 5 INDIVIDUALS IN THE HOME THAT WAS SUPPORTED BY THE HOME.

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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 $1,201,858

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,201,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $427,321

Fundraising Expenses $0

Program Expenses $978,257

Other Expenses $550,936

TOTAL EXPENSES $978,257

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,201,858	$851,496	+0.4%
Expenses	$978,257	$774,380	+0.3%
Net Income	$223,601	$77,116	+1.9%

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

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

$61,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA OBAKPOLOR	PRESIDENT	50.00	Officer	$55,260	$6,140	$61,400
CHARLES AGBONKPOLOR	CHAIRMAN	0.50	Director	$0	$0	$0
BASIL AKHILOMHEN	VICE PRESIDE	0.50	Director	$0	$0	$0
DR AUGUSTINE ENOFE	TREASURER	0.50	Director	$0	$0	$0
ROSEMARY ONOFOMI	SECRETARY	0.50	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
2023	$1,201,858	$978,257	$902,374	$223,601
2022	$851,496	$774,380	$691,233	$77,116
2021	$901,225	$701,485	$614,036	$199,740
2020	$709,565	$602,799	$414,376	$106,766
2019	$539,733	$536,279	$81,328	$3,454