PENN GARDENS INC (EIN 232544031) - 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

1988

Legal Domicile

Principal Officer

SCOTT R WOLFE

Phone

2152576551

Tax Period

2023-01-01 to 2023-12-31

PENN GARDENS INC, founded in 1988, is a small nonprofit that reported $259K in total revenue in fiscal year 2023. Expenses of $348K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO OPERATE HOUSING FOR LOW INCOME PERSONS WITH A PERSISTENT MENTAL ILLNESS.

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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 $203,932

Program Service Revenue $53,475

Investment Income $160

Other Revenue $1,160

TOTAL REVENUE $258,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $278,990

Other Expenses $347,651

TOTAL EXPENSES $347,651

Year-over-Year Comparison

	2023	2022	Change
Revenue	$258,727	$248,408	+0.0%
Expenses	$347,651	$345,739	+0.0%
Net Income	$-88,924	$-97,331	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DALE WESTWOOD	CHAIR - Trustee	1.0	Officer Director	$0	$0	$0
JANE STRAW	SECRETARY-Trustee(eff 2/23/23)	1.0	Officer Director	$0	$0	$0
DOROTHY K WEIK-HANGE	TREASURER - Trustee	1.0	Officer Director	$0	$0	$0
ELIZABETH HALL	Trustee	1.0	Director	$0	$0	$0
ELISE LAMARRA MS RN	Trustee	1.0	Director	$0	$0	$0
ALYSSA LANDIS	Trustee	1.0	Director	$0	$0	$0
TEDD LEISTER	Trustee	1.0	Director	$0	$0	$0
TARA KOEHNLEIN CPA MBA	Trustee	55.0	Director	$0	$0	$0
RONALD SOUDER MD	Trustee	1.0	Director	$0	$0	$0
KAREN KERN	SEC.-TRUSTEE (TERM 02/22/2023)	1.0	Director	$0	$0	$0
WAYNE A MUGRAUER MPA	PRESIDENT	55.0	Officer	$0	$0	$0
SCOTT R WOLFE	SVP FINANCE & CFO	55.0	Officer	$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
2023	$258,727	$347,651	$2,005,003	$-88,924
2022	$248,408	$345,739	$2,030,423	$-97,331
2021	$246,747	$198,230	$851,216	$48,517
2020	$244,433	$196,577	$816,141	$47,856
2019	$242,387	$210,534	$808,137	$31,853
2018	$236,328	$213,065	$813,556	$23,263

PENN GARDENS INC