Portage Private Industry Council I… - 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

Formation Year

1989

Legal Domicile

Phone

3302970720

Tax Period

2024-07-01 to 2025-06-30

Portage Private Industry Council Inc, founded in 1989, is a community nonprofit in the Employment sector that reported $4.9M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

Portage Learning Centers are dedicated to optimizing the potential of children and families to succeed in life by promoting the empowerment of individuals and supporting positive growth and personal goal achievement.

Program Service Accomplishments

Program 1

Expenses: $3,038,576 Revenue: $136,399

Head Start is a federally funded comprehensive preschool program for income eligible children (ages 3-5) and their families. Portage Learning Center receives grants from the Federal Department of...

Head Start is a federally funded comprehensive preschool program for income eligible children (ages 3-5) and their families. Portage Learning Center receives grants from the Federal Department of Health and Human Services for the operation of this program. There is no fee for income eligible families to participate in this program that was designed in 1956 to primarily serve children from at risk families. Head Start has served as a role model for early childhood development programs. Although targeted for children from income eligible families, the program may accept up to 10 percent of its enrollment from families who exceed the federal income guidelines. In addition, at least 10 percent of the children enrolled must be identified as having certifiable disabilities in such areas as speech, hearing, vision, or physical disabilities.

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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 $4,738,874

Program Service Revenue $175,625

Investment Income $0

Other Revenue $18,979

TOTAL REVENUE $4,933,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,411,907

Fundraising Expenses $0

Program Expenses $4,335,216

Other Expenses $1,688,148

TOTAL EXPENSES $5,100,055

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,933,478	$5,209,109	-0.1%
Expenses	$5,100,055	$5,229,081	0.0%
Net Income	$-166,577	$-19,972	+7.3%

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

440

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

$201,017

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pam Danner	Program Planning Chairman	1	Officer Director	$0	$0	$0
Branden Burns	Treasurer and Finance Chairman	1	Officer Director	$0	$0	$0
Marilyn Sessions	Personnel Chairman	1	Officer Director	$0	$0	$0
Rebecca Gorczyca	Vice Chairman Strategic Planning Chairman	1	Officer Director	$0	$0	$0
Cody Mazanek	Secretary	1	Officer Director	$0	$0	$0
Jonathan Jennings	Attorney	1	Director	$0	$0	$0
Mark Hettinger	Trustee	1	Director	$0	$0	$0
Pamela Nation-Calhoun	Trustee	1	Director	$0	$0	$0
Ashley Hoegler	Trustee	1	Director	$0	$0	$0
Dr James Tinnin	Trustee	1	Director	$0	$0	$0
Patricia Harper	Trustee	1	Director	$0	$0	$0
Barbara Helmling	Trustee	1	Director	$0	$0	$0
Rhonda Richardson	Trustee	1	Director	$0	$0	$0
Penny Neiswanger	Trustee	1	Director	$0	$0	$0
Julie Burkhart	Trustee	1	Director	$0	$0	$0
Trevena Kaminski	Trustee	1	Director	$0	$0	$0
Glenda Enders	Member at Large	1	Director	$0	$0	$0
Sherry Pomeroy	Executive Director	40	Key Emp	$77,792	$12,244	$90,036
Gerald Kline	Director of Fiscal	40	Key Emp	$79,835	$31,146	$110,981

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	$4,933,478	$5,100,055	$1,232,177	$-166,577
2024	$5,209,109	$5,229,081	$1,483,037	$-19,972
2023	$4,788,018	$4,517,182	$1,871,989	$270,836
2022	$4,143,107	$3,938,144	$1,261,021	$204,963
2021	$4,254,978	$4,016,226	$1,104,502	$238,752
2020	$3,871,127	$3,884,831	$944,961	$-13,704
2019	$3,580,581	$3,642,506	$922,796	$-61,925
2018	$3,511,535	$3,546,958	$1,047,709	$-35,423

Portage Private Industry Council Inc