PRENTICE HOUSE INC (EIN 391724552) - 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

1992

Legal Domicile

Principal Officer

MICHAEL TURGEON

Phone

7156821160

Tax Period

2023-01-01 to 2023-12-31

PRENTICE HOUSE INC, founded in 1992, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $231K, a strong 17% operating margin.

Mission

PROVIDE RESIDENTIAL TREATMENT AND COUNSELING SERVICES TO A NUMBER OF YOUNG MEN BASED ON REFERRALS AND CONTRACTS FROM LOCAL GOVERNMENTS.

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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 $1,361,849

Investment Income $200

Other Revenue $30,000

TOTAL REVENUE $1,392,049

Expense Breakdown

Grants Paid $0

Salaries & Benefits $843,076

Fundraising Expenses $0

Program Expenses $829,015

Other Expenses $317,845

TOTAL EXPENSES $1,160,921

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,392,049	$1,467,717	-0.1%
Expenses	$1,160,921	$1,367,726	-0.2%
Net Income	$231,128	$99,991	+1.3%

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

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

$115,079

Total Directors

$115,079

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL TURGEON	PRESIDENT/EXECUTIVE DIRECTOR	40.00	Officer Director	$100,000	$15,079	$115,079
JAMES LYNN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BLAKE GROSS	DIRECTOR (TERMED 12/13/23)	1.00	Director	$0	$0	$0
SUE MASTERSON	DIRECTOR	1.00	Director	$0	$0	$0
ANDY SCHULTS	DIRECTOR	1.00	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
2023	$1,392,049	$1,160,921	$633,802	$231,128
2022	$1,467,717	$1,367,726	$398,512	$99,991
2021	$1,242,997	$1,378,482	$401,116	$-135,485
2020	$1,541,061	$1,511,555	$494,731	$29,506
2019	$1,454,232	$1,470,650	$535,249	$-16,418
2018	$1,417,146	$1,465,162	$542,766	$-48,016

PRENTICE HOUSE INC