ADEPT PROGRAMS INC (EIN 222224271) - 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

1979

Legal Domicile

Principal Officer

JAKE JONES

Phone

6092678484

Tax Period

2024-01-01 to 2024-12-31

ADEPT PROGRAMS INC, founded in 1979, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024.

Mission

OPERATE GROUP HOMES FOR PERSONS WITH 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 (2024)

Revenue Breakdown

Contributions & Grants $379,565

Program Service Revenue $3,178,315

Investment Income $1,745

Other Revenue $0

TOTAL REVENUE $3,559,625

Expense Breakdown

Grants Paid $107,861

Salaries & Benefits $2,268,257

Fundraising Expenses $0

Program Expenses $2,582,022

Other Expenses $1,108,203

TOTAL EXPENSES $3,484,321

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,559,625	$3,628,454	0.0%
Expenses	$3,484,321	$3,458,244	+0.0%
Net Income	$75,304	$170,210	-0.6%

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

$186,185

Total Directors

$46,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAKE JONES	President & CEO	40.00	Officer	$139,785	$0	$139,785
CONSUELO HARRIS	VICE CHAIR	40.00	Officer Director	$46,400	$0	$46,400
SHEREEN SNEAD	Treasurer	1.00	Officer Director	$0	$0	$0
KENT PIPES	BOARD MEMBER	1.00	Director	$0	$0	$0
JADE CHAPALL	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2024	$3,559,625	$3,484,321	$1,773,046	$75,304
2023	$3,628,454	$3,458,244	$1,438,019	$170,210
2022	$4,428,807	$4,074,769	$1,612,789	$354,038
2022	$3,609,503	$3,847,375	$1,240,016	$-237,872
2021	$3,766,882	$3,951,044	$1,275,566	$-184,162
2021	$3,814,809	$3,910,162	$1,414,283	$-95,353
2020	$3,580,067	$3,618,973	$1,460,791	$-38,906
2019	$2,987,176	$3,337,326	$1,492,258	$-350,150
2018	$2,894,606	$2,870,245	$1,768,209	$24,361

ADEPT PROGRAMS INC