Providence Care Centers (EIN 341826099) - 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

1991

Legal Domicile

Principal Officer

AARON WEBB

Phone

4196278707

Tax Period

2019-07-01 to 2020-06-30

Providence Care Centers, founded in 1991, is a micro nonprofit that reported $53K in total revenue in fiscal year 2019. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $40K, a strong 76% operating margin.

Mission

PROVIDENCE CARE CENTERS PROVIDES FINANCIAL AND OTHER RESOURCES TO SUPPORT THE DELIVERY OF QUALITY ELDERLY AND MEDICAL CARE IN OF THE MISSION OF PROVIDENCE CARE CENTERS

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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 (2019)

Revenue Breakdown

Contributions & Grants $31,107

Program Service Revenue $0

Investment Income $21,636

Other Revenue $0

TOTAL REVENUE $52,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,863

Other Expenses $12,487

TOTAL EXPENSES $12,487

Year-over-Year Comparison

	2019	2018	Change
Revenue	$52,743	$73,328	-0.3%
Expenses	$12,487	$11,260	+0.1%
Net Income	$40,256	$62,068	-0.4%

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

N/A

Employees

N/A

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

$3,175,654

Total Directors

$7,327,625

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN SWINDLE CPA	DIRECTOR	1.0	Director	$0	$43,334	$3,276,342
PAUL EDGETT	DIRECTOR	1.0	Director	$0	$47,118	$1,678,725
MITCH MELFI ESQ	VICE CHAIRMAN	1.0	Officer Director	$0	$37,534	$1,678,524
RICK G RYAN	PRESIDENT & CEO THRU 5/1/20	1.0	Officer Director	$0	$33,543	$694,034
WENDY DOLYK	SECRETARY	1.0	Officer	$0	$27,748	$374,567
ALISA IFFLAND	VP OF FINANCE/TREASURER	1.0	Officer	$0	$13,275	$245,295
STACI LEHMKUHL	EXECUTIVE DIRECTOR	1.0	Officer	$0	$4,728	$183,234
AARON WEBB	PRESIDENT & CEO	1.0	Officer Director	$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
2020	$52,743	$12,487	No data	$40,256
2019	$73,328	$11,260	$1,894,898	$62,068
2018	$118,241	$12,079	$1,788,287	$106,162

Providence Care Centers