PACKARD GROUP INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

Kenneth Sledge

Phone

3138727826

Tax Period

2024-10-01 to 2025-09-30

PACKARD GROUP INC, founded in 1987, is a community nonprofit in the Human Services sector that reported $3.1M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $4.1M exceeded revenue, resulting in a 30% operating deficit.

Mission

RESIDENTIAL CARE FACILITIES FOR MENTALLY CHALLENGED PHISCALLY HANDICAPPED INDIVIDUALS

Program Service Accomplishments

Program 1

Expenses: $3,760,644

We have been able to stabilize the client in our care per their individual plan of service. We have cared for all their needs since most of them are on wheel chair and severely handicapped. We...

We have been able to stabilize the client in our care per their individual plan of service. We have cared for all their needs since most of them are on wheel chair and severely handicapped. We provide food, feeding, bathing, daily hygiene, transportation to all outings like doctors appointments and social events,

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,085,951

Investment Income $27,173

Other Revenue $0

TOTAL REVENUE $3,113,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,883,832

Fundraising Expenses $0

Program Expenses $3,760,644

Other Expenses $1,174,534

TOTAL EXPENSES $4,058,366

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,113,124	$4,089,664	-0.2%
Expenses	$4,058,366	$3,727,255	+0.1%
Net Income	$-945,242	$362,409	-3.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

108

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM CARTER	CHAIR PERSON	001.00	Director	$0	$0	$0
LEONARD BRISCOE	TREASURER	001.00	Director	$0	$0	$0
BARBARA DAVENPORT	SECRETARY	001.00	Director	$0	$0	$0
GLADY'S SLEDGE	PRESIDENT	020.00	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
2025	$3,113,124	$4,058,366	$1,427,459	$-945,242
2024	$4,089,664	$3,727,255	$2,338,075	$362,409
2023	$3,879,706	$3,774,504	$1,566,296	$105,202
2022	$4,271,975	$3,531,696	$1,398,353	$740,279
2021	$3,608,166	$3,417,941	$826,303	$190,225
2020	$3,214,894	$3,638,209	$848,034	$-423,315
2019	$2,967,199	$3,192,777	$749,319	$-225,578
2018	$2,841,460	$3,037,021	$912,617	$-195,561