PROGRESSIVE ELDERCARE SERVICES - COLUMBIA INC

EIN: 452768181 501(c)(3) Health Care

MAGNOLIA, AR

Total Revenue
$242,823
Total Expenses
$29,114
Total Assets
$154,056
Net Assets
$-1,080,957
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
AR
Principal Officer
KELLY PARK
Phone
8702341361
Tax Period
2023-01-01 to 2023-12-31

PROGRESSIVE ELDERCARE SERVICES - COLUMBIA INC, founded in 2011, is a community nonprofit in the Health Care sector that reported $8.7M in total revenue in fiscal year 2018. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

TO FACILITATE COMPASSIONATE HEALTH CARE WITH CLINICAL QUALITY AND SERVICE EXCELLENCE IN A DIGNIFIED AND RESPECTFUL "HOME" ENVIRONMENT FOR ELDERS WHO REQUIRE LONG-TERM CARE SERVICES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $242,823
TOTAL REVENUE $242,823

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $29,114
TOTAL EXPENSES $29,114

Year-over-Year Comparison

2023 2022 Change
Revenue $242,823 $754 +321.0%
Expenses $29,114 $31,888 -0.1%
Net Income $213,709 $-31,134 -7.9%
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

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
1

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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY PARK PRESIDENT 1.00
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
2024 No data No data No data No data
2023 $242,823 $29,114 $154,056 $213,709
2022 $754 $31,888 $212,918 $-31,134
2021 $571 $36,795 $231,825 $-36,224
2020 $558,731 $57,199 $248,634 $501,532
2019 $5,415,894 $5,445,476 $422,570 $-29,582
2018 $8,691,225 $8,749,570 $1,323,967 $-58,345
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