PROSPECT SERVICES INC (EIN 310901626) - 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

1988

Legal Domicile

Principal Officer

CARLA PATRICK

Phone

5139211613

Tax Period

2023-07-01 to 2024-06-30

PROSPECT SERVICES INC, founded in 1988, is a micro nonprofit that reported $82K in total revenue in fiscal year 2023. Expenses of $131K exceeded revenue, resulting in a 59% operating deficit.

Mission

RESIDENTIAL HOUSING & SERVICES FOR ALCOHOL & DRUG REHABILITATION SERVICES

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $82,200

Investment Income $0

Other Revenue $0

TOTAL REVENUE $82,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $117,845

Other Expenses $130,881

TOTAL EXPENSES $130,881

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,200	$82,200	N/A
Expenses	$130,881	$128,587	+0.0%
Net Income	$-48,681	$-46,387	+0.0%

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

$80,097

Total Directors

$80,097

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN EARLS	PRESIDENT	2.00	Officer Director	$0	$0	$0
SHEILA LYNCH	TRUSTEE	2.00	Director	$0	$0	$0
CRAIG KURZ	TRUSTEE	2.00	Director	$0	$0	$0
BOB BYRNE	TRUSTEE	2.00	Director	$0	$0	$0
DR MICHAEL GUREASKO	TRUSTEE	2.00	Director	$0	$0	$0
DANIEL PAYNE	TRUSTEE	2.00	Director	$0	$0	$0
DR REGINALD GIBSON	TRUSTEE	2.00	Director	$0	$0	$0
MARDIE HAY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ROB BOWMAN	TRUSTEE	2.00	Director	$0	$0	$0
DR RHONDA NORMAN	TRUSTEE	2.00	Director	$0	$0	$0
BILL FARMER	EXECUTIVE DIRECTOR	20.00	Officer Director	$0	$0	$0
DENNIS CARROLL	TRUSTEE	2.00	Director	$0	$0	$0
CARLA PATRICK	DIRECTOR OF FINANCE	20.00	Officer Director	$0	$0	$80,097
MARY CUMINGS	SECRETARY	2.00	Officer Director	$0	$0	$0
JIM D'WOLF	TRUSTEE	2.00	Director	$0	$0	$0
DR MONICA SULLIVAN	TRUSTEE	2.00	Director	$0	$0	$0
MARK FALLON	TRUSTEE	2.00	Director	$0	$0	$0
TREVOR VAN WAGENEN	TREASURER	2.00	Director	$0	$0	$0
TOM CROFT	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT HARVEY	TRUSTEE	2.00	Director	$0	$0	$0
DAVID LOGAN	FORMER EXECUTIVE DIRECTOR	2.00		$0	$0	$25,025

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
2024	$82,200	$130,881	$584,232	$-48,681
2023	$82,200	$128,587	$563,348	$-46,387
2022	$82,200	$124,948	$728,395	$-42,748
2021	$82,200	$123,492	$733,199	$-41,292
2020	$82,162	$136,772	$675,886	$-54,610
2019	$82,163	$147,073	$646,159	$-64,910

PROSPECT SERVICES INC