PERSAD CENTER 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

1972

Legal Domicile

Principal Officer

MARTIN HEALEY

Phone

4124419786

Tax Period

2023-07-01 to 2024-06-30

PERSAD CENTER INC, founded in 1972, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2023. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 36% operating margin.

Mission

TO IMPROVE THE WELL BEING OF THE LGBTQ (LESBIAN, GAY, BISEXUAL, TRANSGENDER, QUEER/QUESTIONING) COMMUNITIES, THE HIV/AIDS COMMUNITIES, AND THE ALLIES OF ALL OF THESE.

Program Service Accomplishments

Program 1

Expenses: $2,578,371 Revenue: $2,332,817

MENTAL HEALTH COUNSELING SERVICES - MENTAL HEALTH SERVICES WERE PROVIDED TO LGBTQ AND/OR INDIVIDUALS WITH HIV. SOME INDIVIDUALS WHO SEEK CARE ARE STRUGGLING WITH ISSUES RELATED TO THEIR SEXUAL OR...

MENTAL HEALTH COUNSELING SERVICES - MENTAL HEALTH SERVICES WERE PROVIDED TO LGBTQ AND/OR INDIVIDUALS WITH HIV. SOME INDIVIDUALS WHO SEEK CARE ARE STRUGGLING WITH ISSUES RELATED TO THEIR SEXUAL OR GENDER INDENTITY AND SOME ARE STRUGGLING TO COPE WITH THE DISCRIMINIATION THAT THEY FACE AS A RESULT OF THEIR INDENTITY OR HIV INFECTION STATUS. PERSAD CENTER IS AN OUTPATIENT PSYCHIATRIC CLINIC LICENSED BY THE OFFICE OF MENTAL HEALTH AND SUBSTANCE ABUSE SERVICES, PENNSLYVANIA DEPARTMENT OF PUBLIC WELFARE. CONSUMERS WHO RECEIVE MENTAL HEALTH SERVICES DECREASE THEIR SYMPTOMS OF MENTAL ILLNESS, INCREASE THEIR ABILITY TO COPE WITH STRESSFUL SITUATIONS, DEVELOP STRATEGIES TO ADDRESS DIFFICULT LIFE CIRCUMSTANCES, AND REPORT INCREASED LIFE FUNCTIONING AND HAPPINESS. TRAINING/EDUCATION/CONSULTING SERVICES - TRAINING/EDUCATION SERVICES TARGET SYSTEMS THAT WORK WITH LGBTQ PEOPLE TO HELP THEM IMPROVE THEIR CULTURAL AWARENESS AND COMPETENCY. PERSAD CENTER WORKS WITH HUMAN SERVICE ORGANIZATIONS, SCHOOLS, CORPORATIONS, AND HEALTHCARE SYSTEMS TO HELP THEIR WORKERS PROVIDE QUALITY SERVICES TO LGBTQ PEOPLE.

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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 $2,901,390

Program Service Revenue $2,332,817

Investment Income $49,280

Other Revenue $-160,066

TOTAL REVENUE $5,123,421

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,437,671

Fundraising Expenses $180,993

Program Expenses $2,578,371

Other Expenses $816,628

TOTAL EXPENSES $3,254,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,123,421	$2,722,306	+0.9%
Expenses	$3,254,299	$2,621,972	+0.2%
Net Income	$1,869,122	$100,334	+17.6%

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

$204,719

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN REIS	MEDICAL DIRE	40.00	Highest	$239,904	$6,358	$246,262
MARTIN HEALEY	CEO	40.00	Officer	$187,065	$17,654	$204,719
VICTOR DOZZI CPA MST CFE	BOARD MEMBER	5.00	Director	$0	$0	$0
DOUGLAS CLEWETT	PRESIDENT	10.00	Officer Director	$0	$0	$0
JO INCOVVAIA	BOARD MEMBER	5.00	Director	$0	$0	$0
JEFFREY JACKSON	BOARD MEMBER	5.00	Director	$0	$0	$0
DAVID JOBIN	BOARD MEMBER	5.00	Director	$0	$0	$0
WILL WENGER LCSW	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
JAMES MILLSAP	BOARD MEMBER	5.00	Director	$0	$0	$0
SHARON SCLABASI MSW PHD	BOARD MEMBER	5.00	Director	$0	$0	$0
DANIEL REITZ	BOARD MEMBER	5.00	Director	$0	$0	$0
JOY ROYES	BOARD MEMBER	5.00	Director	$0	$0	$0
KATHERINE TOOLE	SECRETARY	10.00	Officer Director	$0	$0	$0
GENE WELSH	TREASURER	10.00	Officer 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	$5,123,421	$3,254,299	$2,699,863	$1,869,122
2023	$2,722,306	$2,621,972	$990,857	$100,334
2022	$2,431,956	$2,622,929	$480,109	$-190,973
2021	$2,469,396	$2,435,876	$727,046	$33,520
2020	$1,997,325	$2,267,076	$605,225	$-269,751
2019	$1,920,395	$2,434,671	$708,038	$-514,276