PROVIDENCE PLACE ASSISTED LIVING INC (EIN 273481562) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

KIM S HOPPE

Phone

3368884561

Tax Period

2023-10-01 to 2024-09-30

PROVIDENCE PLACE ASSISTED LIVING INC, founded in 2010, is a community nonprofit in the Human Services sector that reported $4.6M in total revenue in fiscal year 2023. Expenses of $5.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PASSIONATELY SERVE THE HOUSING AND CARE NEEDS OF SENIOR ADULTS WITH INNOVATIVE PROGRAMS AND SERVICES DELIVERED AT AN EXCEPTIONAL VALUE WHILE ENCOURAGING PERSONAL AND SPIRTUAL GROWTH AND DEVELOPMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,579,154

Investment Income $1,278

Other Revenue $200

TOTAL REVENUE $4,580,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,081,611

Fundraising Expenses $0

Program Expenses $4,050,923

Other Expenses $3,074,210

TOTAL EXPENSES $5,155,821

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,580,632	$4,561,352	+0.0%
Expenses	$5,155,821	$5,224,763	0.0%
Net Income	$-575,189	$-663,411	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$1,455,192

Total Directors

$742,094

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY MILLER	OUTGOING PRESIDENT/CEO	4.00	Officer Director	$0	$1,784	$742,094
CRAIG DUNN	DIRECTOR	3.14	Director	$0	$0	$0
C NORWOOD DAVIS	INCOMING PRESIDENT	3.14	Officer Director	$0	$0	$0
REGINA SHARROW	INCOMING SECRETARY	3.14	Officer Director	$0	$0	$0
BARRY YATES	OUTGOING CFO	5.00	Officer	$0	$44,711	$713,098
KIM HOPPE	INTERIM CEO/CFO	5.00	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	$4,580,632	$5,155,821	$5,170,062	$-575,189
2023	$4,561,352	$5,224,763	$5,539,930	$-663,411
2022	$4,446,679	$4,804,623	$6,571,220	$-357,944
2021	$5,053,381	$4,350,094	$7,070,859	$703,287
2020	$4,534,577	$4,401,227	$6,693,921	$133,350
2019	$4,655,468	$4,280,839	$7,401,668	$374,629

PROVIDENCE PLACE ASSISTED LIVING INC