PROGRESSIVE ELDERCARE SERVICES - CHICOT INC (EIN 273042957) - 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

2010

Legal Domicile

Principal Officer

KAYE WALLACE

Phone

8702655337

Tax Period

2023-01-01 to 2023-12-31

PROGRESSIVE ELDERCARE SERVICES - CHICOT INC, founded in 2010, is a community nonprofit in the Human Services sector that reported $4.2M in total revenue in fiscal year 2018. Expenses of $5.2M exceeded revenue, resulting in a 23% operating deficit.

Mission

TO FACILITATE COMPASSIONATE HEALTH CARE WITH CLINICAL QUALITY AND SERVICE EXCELLENCE IN A DIGNIFIED AND RESPECTFUL "HOME" ENVIRONMENT FOR ELDERS WHO REQUIRE LONG-TERM CARE 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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $266,110

TOTAL REVENUE $266,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $137,761

TOTAL EXPENSES $137,761

Year-over-Year Comparison

	2023	2022	Change
Revenue	$266,110	N/A	N/A
Expenses	$137,761	$39,859	+2.5%
Net Income	$128,349	$-39,859	-4.2%

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

N/A

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
KAYE WALLACE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JODI LOGAN	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$266,110	$137,761	$275,304	$128,349
2022	No data	$39,859	$390,181	No data
2021	$953,631	$48,399	$424,889	$905,232
2020	$3,924,637	$2,848,540	$676,330	$1,076,097
2019	$5,081,702	$5,642,919	$1,226,519	$-561,217
2018	$4,184,883	$5,157,968	$1,148,075	$-973,085

PROGRESSIVE ELDERCARE SERVICES - CHICOT INC