PORTAGE INDUSTRIES INC (EIN 341329830) - 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

Principal Officer

PHILIP E MILLER

Phone

3302963996

Tax Period

2023-07-01 to 2024-06-30

PORTAGE INDUSTRIES INC is a community nonprofit in the Employment sector that reported $3.2M in total revenue in fiscal year 2023.

Mission

ADULT DAY PROGRAM SERVING INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES AND TO SUPPORT PEOPLE TO EXPERIENCE LIVING, WORKING, FRIENDSHIPS AND CONTRIBUTING AS CITIZENS OF THEIR COMMUNITY.

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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 $56,910

Program Service Revenue $3,084,839

Investment Income $16,034

Other Revenue $50,173

TOTAL REVENUE $3,207,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $554,484

Fundraising Expenses $0

Program Expenses $3,017,289

Other Expenses $2,635,087

TOTAL EXPENSES $3,189,571

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,207,956	$3,077,274	+0.0%
Expenses	$3,189,571	$3,092,616	+0.0%
Net Income	$18,385	$-15,342	-2.2%

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
BILL BARTASEVICH	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BIALIK	DIRECTOR	1.00	Director	$0	$0	$0
ERIC FINK	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA KENYON	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA MORSEFIELD	EXECUTIVE SE	1.00	Officer Director	$0	$0	$0
BENJAMIN AMMONS	VICE PRESIDE	1.00	Officer	$0	$0	$0
PHILIP E MILLER	CEO	55.00	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	$3,207,956	$3,189,571	$3,819,444	$18,385
2024	No data	No data	No data	No data
2023	$3,077,274	$3,092,616	$4,012,572	$-15,342
2022	$4,007,894	$3,094,164	$3,514,306	$913,730
2021	$3,704,273	$2,902,389	$3,294,628	$801,884
2018	$2,386,640	$2,223,775	$999,449	$162,865

PORTAGE INDUSTRIES INC