PRECIOUS HEARTS DEVELOPMENT CENTER INC (EIN 352059750) - 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

1999

Legal Domicile

Principal Officer

JOYCE ANN MARSHEL

Phone

7652878785

Tax Period

2023-01-01 to 2023-12-31

PRECIOUS HEARTS DEVELOPMENT CENTER INC, founded in 1999, is a small nonprofit in the Human Services sector that reported $567K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $96K, a strong 17% operating margin.

Mission

PROVIDING DAY CARE AND PRESCHOOL SERVICES FOR UNDERPRIVILEGED CHILDREN

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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 $567,260

Investment Income $0

Other Revenue $0

TOTAL REVENUE $567,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $303,559

Fundraising Expenses $0

Program Expenses $452,183

Other Expenses $167,550

TOTAL EXPENSES $471,109

Year-over-Year Comparison

	2023	2022	Change
Revenue	$567,260	$611,465	-0.1%
Expenses	$471,109	$414,978	+0.1%
Net Income	$96,151	$196,487	-0.5%

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

$35,106

Total Directors

$55,989

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEAH BRITTEN	BOARD MEMBER	20.00	Director	$0	$0	$0
LAVORA COOPER	BOARD MEMBER	20.00	Director	$0	$0	$0
HATTIE LEWIS	BOARD MEMBER	20.00	Director	$0	$0	$0
JAYNIE MCCULLUM	BOARD MEMBER	20.00	Director	$50,245	$0	$50,245
THERESIS SEALS	BOARD MEMBER	20.00	Director	$5,744	$0	$5,744
DAPHNE ALLEN	SECRETARY	20.00	Officer	$35,106	$0	$35,106
MAE ISOM	PRESIDENT	20.00	Officer	$0	$0	$0
JOYCE MARSHEL	TREASURER	20.00	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	No data	No data	No data	No data
2023	$567,260	$471,109	$746,497	$96,151
2022	$611,465	$414,978	$678,473	$196,487
2021	$509,832	$402,533	$456,594	$107,299
2020	$463,564	$301,989	$347,517	$161,575
2019	$300,523	$243,738	$180,872	$56,785
2018	$194,908	$229,660	$124,738	$-34,752

PRECIOUS HEARTS DEVELOPMENT CENTER INC