CORE PSYCHIATRIC & PSYCHOLOGICAL SERVICES (EIN 331094195) - 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

2004

Legal Domicile

Principal Officer

RONALD F PARK JR

Phone

8143711088

Tax Period

2024-01-01 to 2024-12-31

CORE PSYCHIATRIC & PSYCHOLOGICAL SERVICES, founded in 2004, is a community nonprofit in the Health Care sector that reported $4.8M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $5.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

SEE STATEMENT I, SCHEDULE O, SUPPLENTAL INFORMATION TO FORM 990.

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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 $0

Program Service Revenue $4,697,882

Investment Income $84,365

Other Revenue $0

TOTAL REVENUE $4,782,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,228,752

Fundraising Expenses $0

Program Expenses $5,217,237

Other Expenses $1,088,683

TOTAL EXPENSES $5,317,435

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,782,247	$5,528,368	-0.1%
Expenses	$5,317,435	$5,466,974	0.0%
Net Income	$-535,188	$61,394	-9.7%

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

133

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

$190,003

Total Directors

$99,234

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDIE L HOBAN	CEO	40.00	Officer Director	$82,434	$0	$82,434
DONALD ZIMMERMAN	DIRECTOR	2.00	Director	$4,800	$0	$4,800
WENDY PERRY	DIRECTOR	2.00	Director	$6,000	$0	$6,000
MARIE ELKIN	SECRETARY	2.00	Officer Director	$4,800	$0	$4,800
MARY POTHOVEN	DIRECTOR	2.00	Director	$1,200	$0	$1,200
RONALD PARK	DIRECTOR	40.00	Officer	$102,769	$0	$102,769

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
2025	No data	No data	No data	No data
2024	$4,782,247	$5,317,435	$4,603,345	$-535,188
2023	$5,528,368	$5,466,974	$4,151,094	$61,394
2022	$6,859,224	$5,069,391	$3,957,852	$1,789,833
2021	$5,507,004	$4,555,721	$2,180,226	$951,283
2020	$4,742,445	$3,989,364	$1,927,402	$753,081

CORE PSYCHIATRIC & PSYCHOLOGICAL SERVICES