FAULKNER-PROGRESSIVE ELDERCARE SERVICES INC

EIN: 474340752 501(c)(3) Housing & Shelter

CONWAY, AR

Total Revenue
$24,460
Total Expenses
$8,869
Total Assets
$27,575
Net Assets
$-774,227
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
AR
Principal Officer
JOHN HIGGS
Phone
5013292149
Tax Period
2023-01-01 to 2023-12-31

FAULKNER-PROGRESSIVE ELDERCARE SERVICES INC, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $5.5M in total revenue in fiscal year 2018. Revenue decreased 9% compared to the prior year.

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 $24,460
TOTAL REVENUE $24,460

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $8,869
TOTAL EXPENSES $8,869

Year-over-Year Comparison

2023 2022 Change
Revenue $24,460 $3,000 +7.2%
Expenses $8,869 $14,846 -0.4%
Net Income $15,591 $-11,846 -2.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN HIGGS PRESIDENT 1.00
Officer Director
$0 $0 $0
MISTY FRENCH DIRECTOR 1.00
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 $24,460 $8,869 $27,575 $15,591
2022 $3,000 $14,846 $35,237 $-11,846
2021 $300,050 $23,188 $46,919 $276,862
2020 $46,697 $63,840 $127,371 $-17,143
2019 $3,267,223 $3,463,297 $282,914 $-196,074
2018 $5,475,177 $5,918,116 $740,049 $-442,939
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