PERSAD CENTER INC (EIN 251234680) - 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

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 COMMUNITIES.

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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

PERSAD CENTER INC