PAYEE SERVICES INC

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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

2007

Legal Domicile

Principal Officer

KAREN HURTGEN

Phone

7152330203

Tax Period

2023-01-01 to 2023-12-31

PAYEE SERVICES INC, founded in 2007, is a small nonprofit in the Human Services sector that reported $436K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

PROVIDE REPRESENTATIVE PAYEE SERVICES (BILLS PAID AND ACCOUNTS MANAGED) TO AN AVERAGE OF 725 CLIENTS TROUGHOUT THE YEAR

Program Service Accomplishments

Program 1

Expenses: $114,173 Revenue: $435,686

PROVIDE REPRESENTATIVE PAYEE SERVICES

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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 $435,686

Investment Income $0

Other Revenue $0

TOTAL REVENUE $435,686

Expense Breakdown

Grants Paid $0

Salaries & Benefits $297,978

Fundraising Expenses $0

Program Expenses $114,173

Other Expenses $149,196

TOTAL EXPENSES $447,174

Year-over-Year Comparison

	2023	2022	Change
Revenue	$435,686	$486,131	-0.1%
Expenses	$447,174	$443,197	+0.0%
Net Income	$-11,488	$42,934	-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

$5,179

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN HURTGEN	PRESIDENT	0.25	Officer	$5,179	$0	$5,179
BRIAN TREMELLING	VP AND SECRETARY	0.25	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
2024	No data	No data	No data	No data
2023	$435,686	$447,174	$11,560	$-11,488
2022	$486,131	$443,197	$46,089	$42,934
2021	$372,758	$398,836	$20,485	$-26,078
2020	$378,312	$359,178	$69,479	$19,134
2019	$398,838	$402,124	$49,387	$-3,286
2018	$403,056	$407,996	$52,649	$-4,940