Perkins Place Inc (EIN 273883882) - 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

2010

Legal Domicile

Principal Officer

Tiffaney Haynes

Phone

2707652605

Tax Period

2021-07-01 to 2022-06-30

Perkins Place Inc, founded in 2010, is a micro nonprofit in the Housing & Shelter sector that reported $33K in total revenue in fiscal year 2021. Revenue decreased 14% compared to the prior year. Expenses of $94K exceeded revenue, resulting in a 186% operating deficit.

Mission

To provide elderly persons and disabled persons with housing facilities and services specifically designed to meet their physical, social and psychological needs, and to promote their health, security, happiness and usefulness in longer living. The charges for such facilities and services to be predicated upon the provision, maintenance, and operation thereof on a non profit basis.

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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 (2021)

Revenue Breakdown

Contributions & Grants $3,735

Program Service Revenue $29,065

Investment Income $33

Other Revenue $51

TOTAL REVENUE $32,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,039

Other Expenses $94,137

TOTAL EXPENSES $94,137

Year-over-Year Comparison

	2021	2020	Change
Revenue	$32,884	$38,070	-0.1%
Expenses	$94,137	$105,210	-0.1%
Net Income	$-61,253	$-67,140	-0.1%

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

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
Kelley Lewis	Vice-Chairman	0.50	Officer Director	$0	$0	$0
John Mattingly	Chairman	0.50	Officer Director	$0	$0	$0
Dorthy Logsdon	Secretary/Treasurer	0.50	Officer Director	$0	$0	$0
Lisa Wise	CEO Communicare Inc	1.00	Director	$0	$0	$0
Gary Barr	Director	0.50	Director	$0	$0	$0
Kimberly Anderson	Director	0.50	Director	$0	$0	$0
Sandra Moyer	Director	0.50	Director	$0	$0	$0
Bonnie Cecil	Director	0.50	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
2022	$32,884	$94,137	$1,031,708	$-61,253
2021	$38,070	$105,210	$1,084,465	$-67,140
2020	$45,503	$122,032	$1,144,148	$-76,529
2019	$60,731	$148,187	$1,219,554	$-87,456

Perkins Place Inc