PROVIDENCE COUNSEL MINISTRIES INC … - Form 990 Financial Data

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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

Principal Officer

DAVID MYERS

Phone

3048763878

Tax Period

2023-01-01 to 2023-12-31

PROVIDENCE COUNSEL MINISTRIES INC NEW HORIZONS COUNSELING SVCS is a small nonprofit in the Human Services sector that reported $212K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $236K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE MENTAL HEALTH COUNSELING

Program Service Accomplishments

Program 1

PROVIDED MENTAL HEALTH COUNSELING SVCS TO OVER 250 INDIVIDUALS,COUPLES, FAMILIES, CHILDREN IN THE LOCAL COMMUNITY; MANY CLIENTS RECEIVED FINANCIAL GRANTS FOR SERVICES.

Program 2

Expenses: $236,058

PROVIDED COUNSELING SERVICES TO VARIOUS INDIVIDUALS, COUPLES, AND CHILDREN WHO DID NOT HAVE INSURANCE COVERAGE AND WERE IN ECONOMIC NEED.

Program 3

PROVIDED FREE CONSULTATION TO LOCAL PASTORS ON MENTAL HEALTH TOPICS.

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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 $211,760

Investment Income $0

Other Revenue $0

TOTAL REVENUE $211,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,615

Fundraising Expenses $0

Program Expenses $236,058

Other Expenses $110,443

TOTAL EXPENSES $236,058

Year-over-Year Comparison

	2023	2022	Change
Revenue	$211,760	$193,981	+0.1%
Expenses	$236,058	$204,179	+0.2%
Net Income	$-24,298	$-10,198	+1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID MYERS	DIR./THERAPI	N/A	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	No data	No data	No data	No data
2023	$211,760	$236,058	$54,007	$-24,298
2022	$193,981	$204,179	$77,059	$-10,198
2021	$225,753	$214,519	$87,157	$11,234
2020	$231,258	$225,466	$76,802	$5,792
2019	$350,436	$309,567	$69,829	$40,869
2018	$290,407	$282,307	$32,122	$8,100

PROVIDENCE COUNSEL MINISTRIES INC NEW HORIZONS COUNSELING SVCS