PARKVIEW HOME OF FREEPORT ILLINOIS INC (EIN 362170134) - 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

1914

Legal Domicile

Principal Officer

FEROL LABASH

Phone

8152328612

Tax Period

2024-01-01 to 2024-12-31

PARKVIEW HOME OF FREEPORT ILLINOIS INC, founded in 1914, is a community nonprofit in the Human Services sector that reported $7.4M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $8.7M exceeded revenue, resulting in a 17% operating deficit.

Mission

HOME FOR THE AGED

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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 $1,404,320

Program Service Revenue $5,843,749

Investment Income $146,627

Other Revenue $14,572

TOTAL REVENUE $7,409,268

Expense Breakdown

Grants Paid $259,998

Salaries & Benefits $4,561,767

Fundraising Expenses $5,437

Program Expenses $7,694,974

Other Expenses $3,870,749

TOTAL EXPENSES $8,692,514

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,409,268	$6,226,953	+0.2%
Expenses	$8,692,514	$8,357,088	+0.0%
Net Income	$-1,283,246	$-2,130,135	-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

Employees

177

Volunteers

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

$117,821

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FEROL LABASH	ADMINISTRATO	40.00	Officer	$117,821	$0	$117,821
TODD CURRY 11-1212	DIRECTOR	1.00	Director	$0	$0	$0
LUCAS BEGGIN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF COWMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT DAHMS	DIRECTOR	1.00	Director	$0	$0	$0
MARY HARTMAN	DIRECTOR	1.00	Director	$0	$0	$0
RICK HASKEN	DIRECTOR	1.00	Director	$0	$0	$0
LOUISE JULIANI	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER KANOSKY	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL LASHINSKI	TREASURER	1.00	Officer Director	$0	$0	$0
CHERYL LESSMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINE LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WHITON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
STAN ZURAVEL	PRESIDENT	1.00	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
2024	$7,409,268	$8,692,514	$37,243,082	$-1,283,246
2023	$6,226,953	$8,357,088	$36,938,005	$-2,130,135
2022	$6,196,124	$7,854,485	$37,254,514	$-1,658,361
2021	$6,173,238	$7,015,823	$45,602,400	$-842,585
2020	$6,699,879	$6,732,054	$44,346,109	$-32,175
2019	$5,932,683	$6,429,530	$42,067,567	$-496,847
2018	$5,458,465	$5,836,623	$38,813,365	$-378,158

PARKVIEW HOME OF FREEPORT ILLINOIS INC