Patches Place Inc (EIN 251827759) - 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

2009

Legal Domicile

Principal Officer

Holly Vete

Phone

7246570226

Tax Period

2023-07-01 to 2024-06-30

Patches Place Inc, founded in 2009, is a small nonprofit in the Human Services sector that reported $645K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $594K left a modest 8% surplus.

Mission

Our mission is to advocate for a recovery and consumer focused system of care that utilizes best practices and evidence based practices that are effective and efficient and data measured for quality and accountablity.

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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 $599,439

Program Service Revenue $0

Investment Income $15

Other Revenue $45,879

TOTAL REVENUE $645,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $388,723

Fundraising Expenses $2,412

Program Expenses $544,028

Other Expenses $205,334

TOTAL EXPENSES $594,057

Year-over-Year Comparison

	2023	2022	Change
Revenue	$645,333	$557,384	+0.2%
Expenses	$594,057	$516,486	+0.2%
Net Income	$51,276	$40,898	+0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anthony Frank	President	002.00	Officer Director	$0	$0	$0
Jeffrey Wolfe	Vice President	000.35	Officer Director	$0	$0	$0
Holly Vete	Executive Director	037.50	Director Key Emp Highest	$0	$0	$0
Susan Ellis	Secretary	000.35	Director	$0	$0	$0
Christian Kramer	Director	000.35	Director	$0	$0	$0
Jeffrey M Galmarini	Treasurer	000.50	Officer Director	$0	$0	$0
Edward Yerage	Director	000.35	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	$645,333	$594,057	$465,650	$51,276
2023	$557,384	$516,486	$421,109	$40,898
2022	$460,524	$434,076	$403,848	$26,448
2021	$441,161	$429,175	$387,045	$11,986
2020	$349,913	$372,788	$375,112	$-22,875
2019	$424,411	$392,953	$423,348	$31,458

Patches Place Inc