PROVIDENCE HEIGHTS (EIN 431968326) - 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

2002

Legal Domicile

Principal Officer

SOPHALLY SHOWALTER

Phone

4254360854

Tax Period

2023-01-01 to 2023-12-31

PROVIDENCE HEIGHTS, founded in 2002, is a small nonprofit in the Youth Development sector that reported $402K in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 371% operating deficit.

Mission

EMPOWERING PEOPLE IN NEED WITH HOUSING, EMPLOYMENT OPPORTUNITIES, AND PERSONAL DEVELOPMENT.

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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 $411,644

Program Service Revenue $44,857

Investment Income $184

Other Revenue $-54,744

TOTAL REVENUE $401,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $728,251

Fundraising Expenses $300,319

Program Expenses $1,127,234

Other Expenses $1,099,224

TOTAL EXPENSES $1,893,364

Year-over-Year Comparison

	2023	2022	Change
Revenue	$401,941	$3,502,564	-0.9%
Expenses	$1,893,364	$1,605,788	+0.2%
Net Income	$-1,491,423	$1,896,776	-1.8%

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

$283,779

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP SEATON	CHIEF PROGRAM OFFICER	40.00	Officer	$124,782	$19,716	$144,498
SOPHALLY SHOWALTER	CHIEF OF STAFF	40.00	Officer	$118,275	$21,006	$139,281
CHRISTINE SOULE	FOUNDER & CEO	3.00	Officer Director	$0	$0	$0
STEPHEN MACDONALD	INTERIM CHAIR	3.00	Officer Director	$0	$0	$0
ERIC SCROGGINS	TREASURER	3.00	Officer Director	$0	$0	$0
LISA BAILEY	SECRETARY	3.00	Officer Director	$0	$0	$0
GAYLE BROCKS-BECOAT	BOARD MEMBER	3.00	Director	$0	$0	$0
DR JOESPH CASTLEBERRY	BOARD MEMBER	3.00	Director	$0	$0	$0
KATHY LAMBERT	BOARD MEMBER	3.00	Director	$0	$0	$0
JULAINE SMITH	BOARD MEMBER	3.00	Director	$0	$0	$0
CARY SUMMERS	BOARD MEMBER	3.00	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
2024	No data	No data	No data	No data
2023	$401,941	$1,893,364	$268,286	$-1,491,423
2022	$3,502,564	$1,605,788	$2,189,277	$1,896,776
2021	$1,310,046	$1,087,960	$466,267	$222,086

PROVIDENCE HEIGHTS