FIRST RESOURCES CORPORATION (EIN 421279294) - 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

SUSAN WOODFORD

Phone

6416222543

Tax Period

2023-07-01 to 2024-06-30

FIRST RESOURCES CORPORATION, founded in 1987, is a mid-sized nonprofit in the Employment sector that reported $15.4M in total revenue in fiscal year 2023.

Mission

PROVIDE COMMUNITY BASED REHABILITATIVE TREATMENT SERVICES TO CHILDREN, FAMILIES AND PEOPLE WITH DISABILITIES.

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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 $2,448,052

Program Service Revenue $12,786,044

Investment Income $-208,499

Other Revenue $359,117

TOTAL REVENUE $15,384,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,229,412

Fundraising Expenses $0

Program Expenses $12,026,417

Other Expenses $3,124,440

TOTAL EXPENSES $15,353,852

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,384,714	$15,536,430	0.0%
Expenses	$15,353,852	$15,760,442	0.0%
Net Income	$30,862	$-224,012	-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

247

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
HEIDI ALTFILLISCH	SECRETARY	N/A	Officer Director	$0	$0	$0
KEVIN CARR	DIRECTOR	N/A	Director	$0	$0	$0
DIXIE HOLDEN	DIRECTOR	N/A	Director	$0	$0	$0
SANDRA MCREYNOLDS	DIRECTOR	N/A	Director	$0	$0	$0
ELLEN MORELAND	CHAIRPERSON	N/A	Officer Director	$0	$0	$0
DANIEL O'ROURKE	DIRECTOR	N/A	Director	$0	$0	$0
JULIE OLSEN	DIRECTOR	N/A	Director	$0	$0	$0
AMBER PARGMANN	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN WOODFORD	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
JOHN WEBBER	VICE CHAIRPE	N/A	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	No data	No data	No data	No data
2024	$15,384,714	$15,353,852	$8,986,613	$30,862
2023	$15,536,430	$15,760,442	$10,206,154	$-224,012
2022	$15,811,214	$14,793,682	$9,340,910	$1,017,532
2021	$15,224,087	$14,993,047	$8,485,661	$231,040
2020	$8,884,761	$9,116,483	$5,064,522	$-231,722
2019	$9,523,005	$9,264,083	$4,160,662	$258,922

FIRST RESOURCES CORPORATION