PSI SERVICES OF INDIANA 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

2016

Legal Domicile

Principal Officer

MELVIN SWOPE

Phone

2197568201

Tax Period

2024-01-01 to 2024-12-31

PSI SERVICES OF INDIANA INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $346K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $509K exceeded revenue, resulting in a 47% operating deficit.

Mission

TO PROVIDE FOSTER CARE SERVICES TO CHILDREN WITH VARIOUS LEVELS OF MENTAL HEALTH AND MEDICAL CONDITIONS. PSI UTILITIZES FOSTER FAMILY RECRUITMENT, LICENSING AND TRAINING TO PROVIDE THE HIGHEST LEVEL OF FOSTER CARE TO CHILDERN UNDER THEIR MANAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $485,517

PROVIDED FOSTER CARE SERVICES, AS A CONTRACTOR OF THE INDIANA DEPARTMENT OF CHILD SUPPORT, TO CHILDREN WITH VARIOUS LEVELS OF MENTAL HEALTH AND MEDICAL CONDITIONS. PSI UTILITIZES FOSTER FAMILY...

PROVIDED FOSTER CARE SERVICES, AS A CONTRACTOR OF THE INDIANA DEPARTMENT OF CHILD SUPPORT, TO CHILDREN WITH VARIOUS LEVELS OF MENTAL HEALTH AND MEDICAL CONDITIONS. PSI UTILITIZES FOSTER FAMILY RECRUITMENT, LICENSING AND TRAINING TO PROVIDE THE HIGHEST LEVEL OF FOSTER CARE TO CHILDERN UNDER THEIR MANAGEMENT.

Program 2

PROVIDE HEADSTART SERVICES TO FOSTER CARE CHILDREN

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $672,518

Investment Income $2,912

Other Revenue $-329,472

TOTAL REVENUE $345,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $362,584

Fundraising Expenses $0

Program Expenses $485,517

Other Expenses $146,161

TOTAL EXPENSES $508,745

Year-over-Year Comparison

	2024	2023	Change
Revenue	$345,958	$445,090	-0.2%
Expenses	$508,745	$507,996	+0.0%
Net Income	$-162,787	$-62,906	+1.6%

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

N/A

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
MELVIN SWOPE	EXECTUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
INEZ SWOPE	SECRETARY	2.00	Director	$0	$0	$0
DR MARY MILLER	AT LARGE	2.00	Director	$0	$0	$0
CHARLES HALL	AT LARGE	2.00	Director	$0	$0	$0
LALOSA BURNS	AT LARGE	2.00	Director	$0	$0	$0
WILLIE STEWART	AT LARGE	2.00	Director	$0	$0	$0
CHERYL HOLLINS	AT LARGE	2.00	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	$345,958	$508,745	$91,905	$-162,787
2023	$445,090	$507,996	$236,031	$-62,906
2022	$509,024	$512,224	$286,815	$-3,200
2021	$611,719	$577,044	$261,606	$34,675
2020	$703,230	$672,567	$240,820	$30,663
2019	$624,601	$613,618	$209,278	$10,983
2018	$595,685	$638,561	$196,604	$-42,876