PLACES INC

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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

BARBARA MILLER

Phone

9374777209

Tax Period

2024-01-01 to 2024-12-31

PLACES INC, founded in 1988, is a community nonprofit in the Mental Health sector that reported $3.2M in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 10% operating deficit.

Mission

HOUSING FOR ADULTS DIAGNOSED WITH MENTAL HEALTH DISORDERS, INCLUDING THOSE EXPERIENCING HOMELESSNESS AND TO PROMOTE INDEPENDENCE.

Program Service Accomplishments

Program 1

Expenses: $359,129

SUPPORTIVE LIVING PROGRAM PROVIDES WRAP-AROUND SERVICES FOR THOSE WITH MENTAL ILLNESS WHO LIVE INDEPENDENTLY IN THE COMMUNITY.

Program 2

Expenses: $1,190,725

FOUR ADULT CARE FACILITIES FOR THOSE WITH PERSISTENT RECURRING MENTAL ILLNESS STAFFED 24 HOURS/DAY, 365 DAYS/YR.

Program 3

Expenses: $1,047,807

FOUR PERMANENT SUPPORTIVE HOUSING FACILITIES FOR THE HOMELESS. A TOTAL OF FORTY ONE FORMERLY HOMELESS CLIENTS WITH MENTAL ILLNESSES RESIDE IN THESE FOUR FACILITIES. THESE FACILITIES ARE STAFFED 24...

FOUR PERMANENT SUPPORTIVE HOUSING FACILITIES FOR THE HOMELESS. A TOTAL OF FORTY ONE FORMERLY HOMELESS CLIENTS WITH MENTAL ILLNESSES RESIDE IN THESE FOUR FACILITIES. THESE FACILITIES ARE STAFFED 24 HOUR/DAY, 365 DAYS/YEAR.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,172,919

Program Service Revenue $446,613

Investment Income $512,610

Other Revenue $46,923

TOTAL REVENUE $3,179,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,299,747

Fundraising Expenses $0

Program Expenses $2,597,661

Other Expenses $1,201,507

TOTAL EXPENSES $3,501,254

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,179,065	$4,795,974	-0.3%
Expenses	$3,501,254	$4,515,546	-0.2%
Net Income	$-322,189	$280,428	-2.1%

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

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

$91,346

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROY CRAIG	CEO	40.00		$452,664	$5,581	$458,245
LAURA FERRELL	CEO	40.00	Officer	$91,346	$0	$91,346
TONY GOHEEN	TRUSTEE	2.00	Director	$0	$0	$0
MARION JACKSON	TREASURER	2.00	Officer Director	$0	$0	$0
BARBARA MILLER	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE MUELLER	TRUSTEE	2.00	Director	$0	$0	$0
ANDY STORAR	TRUSTEE	2.00	Director	$0	$0	$0
GRAIG TUSCHONG	SECRETARY	4.00	Officer Director	$0	$0	$0
RON HILL	VICE PRESIDE	2.00	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	$3,179,065	$3,501,254	$1,709,406	$-322,189
2023	$4,795,974	$4,515,546	$2,783,953	$280,428
2022	$3,693,603	$4,160,601	$2,055,474	$-466,998
2021	$3,875,632	$3,992,790	$2,202,216	$-117,158
2020	$4,613,686	$3,917,711	$2,710,208	$695,975
2020	$4,613,686	$3,917,711	$2,710,208	$695,975
2019	$3,752,278	$3,731,096	$1,958,049	$21,182
2018	$3,678,866	$3,751,109	$1,719,805	$-72,243