PACKARD GROUP II (EIN 383051707) - 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

1987

Legal Domicile

Principal Officer

Kenneth Sledge

Phone

3138727826

Tax Period

2024-10-01 to 2025-09-30

PACKARD GROUP II, founded in 1987, is a small nonprofit in the Unknown sector that reported $381K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

PROVIDE RESIDENTIAL CARE SERVICES FOR DEVELOPMENTALLY DISABLED PERSONS IN GROUP HOME SETTING

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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 $0

Program Service Revenue $381,106

Investment Income $0

Other Revenue $0

TOTAL REVENUE $381,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $251,504

Fundraising Expenses $0

Program Expenses $340,143

Other Expenses $126,730

TOTAL EXPENSES $378,234

Year-over-Year Comparison

	2024	2023	Change
Revenue	$381,106	$311,555	+0.2%
Expenses	$378,234	$359,171	+0.1%
Net Income	$2,872	$-47,616	-1.1%

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

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
GLADYS SLEDGE	PRESIDENT	001.00	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
2025	$381,106	$378,234	$116,839	$2,872
2024	$311,555	$359,171	$43,730	$-47,616
2023	$360,816	$360,786	$83,535	$30
2022	$394,748	$334,329	$73,340	$60,419
2021	$304,396	$282,041	$26,255	$22,355
2020	$288,867	$312,453	$57,607	$-23,586
2019	$327,645	$320,839	$37,749	$6,806
2018	$305,213	$357,346	$21,930	$-52,133

PACKARD GROUP II