ABILITY PLUS INC (EIN 270085899) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

KAROCKAS WATKINS

Phone

2562621089

Tax Period

2023-10-01 to 2024-09-30

ABILITY PLUS INC, founded in 2003, is a mid-sized nonprofit in the Human Services sector that reported $14.8M in total revenue in fiscal year 2017.

Mission

ABILITY PLUS, INC. PROVIDES SERVICES AND FUNCTIONS FOR RESIDENTS WHO HAVE A DIAGNOSIS OF INTELLECTUAL DISABILITIES AND/OR DEVELOPMENTAL DISABILITIES WHICH MAY INCLUDE ANY OR ALL OF COUNSELING, DAYCARE, DIAGNOSIS, DOMICILIARY CARE, EVALUATION, FINANCIAL MANAGEMENT, HEALTH MANAGEMENT, PERMANENT HOUSING, RECREATION PROGRAMS, AND OTHER RELATED SERVICES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,551,990

Program Service Revenue $1,030,054

Investment Income $8,566

Other Revenue $10,595

TOTAL REVENUE $12,601,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,270,877

Fundraising Expenses $0

Program Expenses $12,067,589

Other Expenses $2,768,095

TOTAL EXPENSES $13,038,972

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,601,205	$10,534,517	+0.2%
Expenses	$13,038,972	$11,999,385	+0.1%
Net Income	$-437,767	$-1,464,868	-0.7%

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

358

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

$645,986

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL S KRANZ	CHAIRMAN OF THE BOARD	0.50	Director	$0	$0	$0
CLAUDETTE OWENS	BOARD MEMBER	0.50	Director	$0	$0	$0
DR RODNEY BOLDEN	BOARD MEMBER	0.50	Director	$0	$0	$0
KAROCKAS WATKINS	CHIEF EXECUTIVE OFFICER/ EXEC. DIR.	40.00	Officer	$248,367	$6,686	$255,053
JAMES COOK	VICE PRESIDENT	40.00	Officer	$133,157	$1,548	$134,705
MELISSA DEAN	CHIEF FINANCIAL OFFICER	40.00	Officer	$125,910	$1,548	$127,458
MARCY JEFFERSON-WATKINS	CHIEF OPERATIONS OFFICER	40.00	Officer	$127,232	$1,538	$128,770
MICHAEL BRAZIER	CHIEF INFORMATION OFFICER	40.00	Highest	$111,600	$0	$111,600
AUDRA WATKINS	CHIEF ADMINISTRATIVE OFFICER	40.00	Highest	$121,393	$9,110	$130,503

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	$12,601,205	$13,038,972	$6,991,277	$-437,767
2023	$10,534,517	$11,999,385	$8,017,935	$-1,464,868
2022	$16,334,409	$12,912,012	$10,430,716	$3,422,397
2021	$15,059,329	$13,076,378	$6,479,509	$1,982,951
2020	$15,981,400	$15,954,264	$7,298,940	$27,136
2019	$15,384,943	$15,998,280	$6,179,366	$-613,337
2018	$14,827,474	$15,145,827	$6,285,996	$-318,353

ABILITY PLUS INC