PROGRESSIVE RESIDENTIAL SERVICES INC (EIN 382402726) - 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

1982

Legal Domicile

Principal Officer

Everett DeHut

Phone

2486417200

Tax Period

2023-10-01 to 2024-09-30

PROGRESSIVE RESIDENTIAL SERVICES INC, founded in 1982, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE PERSONS WITH INTELLECTUAL DISABILITIES, MENTAL ILLNESS AND OTHER DISABLING CONDITIONS WITH OPPORTUNITIES TO ACHIEVE GOALS AND TO MORE FULLY PARTICIPATE IN THEIR COMMUNITY. PRS ENCOURAGES SOCIALIZATION AND RELATIONSHIP BUILDING AS WELL AS EMPLOYMENT TRAINING, PLACEMENT, RECREATIONAL AND THERAPEUTIC.

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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 $7,245,745

Program Service Revenue $751,411

Investment Income $300

Other Revenue $0

TOTAL REVENUE $7,997,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,360,867

Fundraising Expenses $0

Program Expenses $7,362,877

Other Expenses $1,663,563

TOTAL EXPENSES $8,024,430

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,997,456	$6,259,101	+0.3%
Expenses	$8,024,430	$7,297,032	+0.1%
Net Income	$-26,974	$-1,037,931	-1.0%

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

282

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

$381,513

Total Directors

$1,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EVERETT DEHUT	CEO	5	Officer	$0	$3,119	$380,238
TED DEVANTIER	SECRETARY	0	Officer Director	$0	$1,275	$1,275
Luke Christoff	Board Member	0	Director	$0	$150	$150
JACKIE RAXTER	DIRECTOR	0	Director	$0	$75	$75
Paul Conklin	Board Member	0	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	$7,997,456	$8,024,430	$1,800,338	$-26,974
2023	$6,259,101	$7,297,032	$1,776,609	$-1,037,931
2022	$6,160,370	$6,552,456	$1,923,546	$-392,086
2021	$5,747,726	$5,752,305	$2,101,881	$-4,579
2020	$6,325,797	$5,640,619	$2,753,592	$685,178
2019	$5,671,556	$5,895,193	$1,820,064	$-223,637
2018	$6,100,714	$6,307,250	$1,689,164	$-206,536

PROGRESSIVE RESIDENTIAL SERVICES INC