Penacook Place Inc (EIN 237090088) - 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

1969

Legal Domicile

Principal Officer

Devon Cormier

Phone

9783740707

Tax Period

2024-01-01 to 2024-12-31

Penacook Place Inc, founded in 1969, is a mid-sized nonprofit in the Health Care sector that reported $12.6M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $15.7M exceeded revenue, resulting in a 24% operating deficit.

Mission

To promote the highest possible quality of life for our residents.

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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 $2,515

Program Service Revenue $12,619,907

Investment Income $118

Other Revenue $0

TOTAL REVENUE $12,622,540

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,642,198

Fundraising Expenses $0

Program Expenses $14,757,245

Other Expenses $6,027,620

TOTAL EXPENSES $15,669,818

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,622,540	$14,551,147	-0.1%
Expenses	$15,669,818	$18,127,470	-0.1%
Net Income	$-3,047,278	$-3,576,323	-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

261

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

$233,332

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Janis Cordischi	Member	2.00	Director	$0	$0	$0
Rev John Delaney	Member	2.00	Director	$0	$0	$0
Caitlin Masys	Member	2.00	Director	$0	$0	$0
John Sarro	Member	2.00	Director	$0	$0	$0
Gregory Shaw	Member	2.00	Director	$0	$0	$0
Thomas L Mortimer	Chair	2.00	Officer Director	$0	$0	$0
William Klueber	Treasurer (end 6/2024)	2.00	Officer Director	$0	$0	$0
Devon Cormier	President	42.00	Officer	$139,654	$20,651	$160,305
Judithann Riopelle	Board Secretary; Chaplain	42.00	Officer	$71,740	$1,287	$73,027
Kenny Senfuma LPN	Licensed Practical Nurse	40.00	Highest	$177,178	$13,468	$190,646
Synodia Bote LPN	Licensed Practical Nurse	40.00	Highest	$111,050	$25,549	$136,599
Nicole Danielle Beane LPN	Nurse Manager	40.00	Highest	$117,204	$20,680	$137,884
Vanessa Anne Bretton	Director of Nursing	40.00	Highest	$115,528	$42,609	$158,137
Gale L Staples	LPN	40.00	Highest	$105,398	$29,077	$134,475

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	$12,622,540	$15,669,818	$4,212,004	$-3,047,278
2023	$14,551,147	$18,127,470	$4,628,196	$-3,576,323
2022	$14,137,827	$18,009,714	$4,917,415	$-3,871,887
2021	$12,393,295	$13,547,176	$5,893,296	$-1,153,881
2020	$11,417,561	$11,818,760	$5,391,409	$-401,199
2019	$11,725,258	$12,602,871	$4,806,261	$-877,613
2018	$12,580,936	$12,948,863	$4,553,131	$-367,927

Penacook Place Inc