PENINSULA SERVICES

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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

1971

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

PENINSULA SERVICES, founded in 1971, is a community nonprofit in the Employment sector that reported $6.2M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $6.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

VOCATIONAL REHABILITATION OF THE HANDICAPPED

Program Service Accomplishments

Program 1

Expenses: $4,578,272 Revenue: $4,946,042

THE PRODUCTION DIVISION PROVIDED EMPLOYMENT AND EMPLOYMENT TRAINING TO HANDICAPPED ADULTS IN JANITORIAL SERVICE, GROUNDS MAINTENANCE, SHELF STOCKING AND RETAIL SALES.

Program 2

Expenses: $773,033 Revenue: $861,762

PROVIDING CUSTOMERS WITH EXCELLENT SERVICE, A WIDE SELECTION OF ABILITYONE PRODUCTS, AS WELL AS A VARIETY OF OTHER NON-COMPETING SOURCE AMERICA AND COMMERCIAL PRODUCTS.

Program 3

Expenses: $292,352 Revenue: $293,554

THE REHABILITATION OF INDIVIDUALS TO BETTER INTEGRATE THEM INTO THE WORK FORCE AROUND THE COUNTY.

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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 $14,410

Program Service Revenue $5,239,595

Investment Income $18,592

Other Revenue $887,302

TOTAL REVENUE $6,159,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,334,862

Fundraising Expenses $0

Program Expenses $5,643,657

Other Expenses $1,589,409

TOTAL EXPENSES $6,924,271

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,159,899	$7,249,030	-0.2%
Expenses	$6,924,271	$7,645,001	-0.1%
Net Income	$-764,372	$-395,971	+0.9%

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

157

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

$271,815

Total Directors

$157,508

Key Employees

$108,845

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER J TIBBS	CEO	0.00	Officer Director	$0	$0	$157,508
RONALD J MODKINS	PRESIDENT	40.00	Officer	$111,707	$2,600	$114,307
ROBIN D ELKINS	SITE SUPERVISOR	40.00	Key Emp	$107,675	$1,170	$108,845
PHYLLIS MERHAUT	DIRECTOR	1.00	Director	$0	$0	$0
WALTER DRAPER	DIRECTOR	1.00	Director	$0	$0	$0
ALICE TAWRESEY	DIRECTOR	1.00	Director	$0	$0	$0
WALTER TIM ROGERS	SECRETARY-TREASURER	1.00	Director	$0	$0	$0
KRISTIN COOK	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
JESSICA PREVOST	DIRECTOR	1.00	Director	$0	$0	$0
CHAD ENRIGHT	CHAIRPERSON	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
2023	$6,159,899	$6,924,271	$4,365,976	$-764,372
2022	$7,249,030	$7,645,001	$4,513,066	$-395,971
2021	$6,194,875	$6,284,365	$5,199,752	$-89,490
2020	$6,980,700	$6,225,839	$5,079,962	$754,861
2019	$5,795,023	$5,804,930	$4,300,531	$-9,907
2018	$6,116,629	$5,361,416	$4,299,558	$755,213