PSI Services III 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

1996

Legal Domicile

Principal Officer

Dr Sheila Pandit

Phone

3015527120

Tax Period

2023-07-01 to 2024-06-30

PSI Services III Inc, founded in 1996, is a mid-sized nonprofit in the Human Services sector that reported $12.1M in total revenue in fiscal year 2023. Expenses of $11.5M left a modest 5% surplus.

Mission

Provide clinical case management, foster care and adoption services under contracts with state agencies that are operated by these state agencies under the various federal award programs through the united states department of health and human services (HHS) whereby these state agencies match varying percentages of funds provided to them by HHS in order to administer the programs.

Program Service Accomplishments

Program 1

Expenses: $6,699,463 Revenue: $6,944,494

Outpatient Mental Health Clinic, Rehabilitation Day Program, Free-Standing Mental Health Services, Substance Use Disorder/Recovery Support, Suppported Employment, Adult Day Health, Developmental...

Outpatient Mental Health Clinic, Rehabilitation Day Program, Free-Standing Mental Health Services, Substance Use Disorder/Recovery Support, Suppported Employment, Adult Day Health, Developmental Disabilities Services.

Program 2

Expenses: $1,404,225 Revenue: $4,879,747

Foster Care Services; Foster Parent Training, Foster Home Recruitment, Family Case Management, Medical, Treatment, and Intensive Foster Care Services, Short-Term Child Care.

Program 3

Revenue: $292,158

Other social services

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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 $12,116,399

Investment Income $0

Other Revenue $0

TOTAL REVENUE $12,116,399

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,344,639

Fundraising Expenses $0

Program Expenses $8,103,688

Other Expenses $4,198,727

TOTAL EXPENSES $11,543,366

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,116,399	$12,665,108	0.0%
Expenses	$11,543,366	$11,444,044	+0.0%
Net Income	$573,033	$1,221,064	-0.5%

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

129

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

$160,788

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sadie Bianco	Chief Clinical Ofc	32.00		$264,836	$0	$264,836
Sheila Pandit	CEO	40.00	Officer	$160,788	$0	$160,788
Shawn Rubbin	Chief Advancm. Ofc	40.00		$148,928	$0	$148,928
Steve O Mason	Chairperson	0.50	Officer Director	$0	$0	$0
Melvin Williams	Secretary	0.50	Officer Director	$0	$0	$0
Vince Tolson	Director	0.50	Director	$0	$0	$0
Jean Samuel	Director	0.50	Director	$0	$0	$0
Tania Aglikin	Director	0.50	Director	$0	$0	$0
John Sandy	Director	0.50	Director	$0	$0	$0
Antone McClure	Director	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
2025	No data	No data	No data	No data
2024	$12,116,399	$11,543,366	$8,822,563	$573,033
2023	$12,665,108	$11,444,044	$8,470,371	$1,221,064
2022	$12,032,950	$10,680,914	$7,747,953	$1,352,036
2021	$9,401,496	$10,713,675	$7,949,567	$-1,312,179
2020	$9,751,458	$11,202,177	$8,831,868	$-1,450,719
2019	$11,535,478	$10,433,573	$9,402,069	$1,101,905
2018	$14,144,422	$14,863,668	$3,628,204	$-719,246