THE PROVIDENCE PLACE 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

2009

Legal Domicile

Principal Officer

WILLIAM FELD

Phone

2623779900

Tax Period

2024-01-01 to 2024-12-31

THE PROVIDENCE PLACE INC, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $681K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 54% operating deficit.

Mission

THE PROVIDENCE PLACE WAS CREATED TO REFLECT THE LOVE OF CHRIST BY PROVIDING AN INVITING, CAREFREE AND SECURE HOME FOR INDEPENDENT SENIORS.

Program Service Accomplishments

Program 1

Expenses: $861,777 Revenue: $660,955

PROVIDING HOUSING FOR INDEPENDENT SENIORS, 55 AND OLDER, IN A CHRISTIAN LIVING ENVIRONMENT. OUR UNITS WERE OPEN FOR RESIDENTS ON DECEMBER 1,2010. EXPENSES ARE FOR OPERATING THE FACILITY AND MARKETING REMAINING UNITS. IN JANUARY 2018, WE OPENED PHASE II, LARGER 2-BEDROOM UNITS. COSTS OF THIS EXPANSION ARE INCLUDED ON THE ASSETS OF THE BALANCE SHEET.

Program 2

Revenue: $669

PROGRAMS FOR RESIDENTS AND COMMUNITY MEMBERS: CHAPEL SERVICES, WEEKLY BIBLE STUDIES, VARIOUS LOCAL OUTINGS, CATERED MEALS FOR SPECIAL OCCASIONS, CRAFTS AND ACTIVITIES.

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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 $4,104

Program Service Revenue $661,624

Investment Income $15,652

Other Revenue $0

TOTAL REVENUE $681,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,432

Fundraising Expenses $14,789

Program Expenses $861,777

Other Expenses $926,956

TOTAL EXPENSES $1,051,388

Year-over-Year Comparison

	2024	2023	Change
Revenue	$681,380	$672,839	+0.0%
Expenses	$1,051,388	$969,297	+0.1%
Net Income	$-370,008	$-296,458	+0.2%

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

N/A

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
TRACY ERNST	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
WILLIAM FELD	PRESIDENT	N/A	Director	$0	$0	$0
ANDY LOCKE	SECRETARY	N/A	Director	$0	$0	$0
REV LARRY PRAHL	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
DONNA THIEDE	BOARD MEMBER	N/A	Director	$0	$0	$0
SUSAN PUTTERMAN	TREASURER	N/A	Officer	$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	$681,380	$1,051,388	$6,129,613	$-370,008
2023	$672,839	$969,297	$6,905,851	$-296,458
2022	$586,596	$968,327	$6,700,561	$-381,731
2021	$578,320	$961,780	$7,172,657	$-383,460
2020	$652,968	$882,361	$7,076,513	$-229,393
2019	$537,011	$892,951	$7,832,972	$-355,940
2018	$444,227	$905,849	$8,089,015	$-461,622