POLK - PROGRESSIVE ELDERCARE SERVICES INC (EIN 474341779) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

VICKI HUGHES

Phone

4793943511

Tax Period

2023-01-01 to 2023-12-31

POLK - PROGRESSIVE ELDERCARE SERVICES INC, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $6.1M in total revenue in fiscal year 2018. Revenue decreased 6% 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-20,398

Other Revenue $0

TOTAL REVENUE $-20,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $106,696

TOTAL EXPENSES $106,696

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-20,398	N/A	N/A
Expenses	$106,696	$15,719	+5.8%
Net Income	$-127,094	$-15,719	+7.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICKI HUGHES	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHERRI MCCOURTNEY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES TURNER	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	$-20,398	$106,696	$89,993	$-127,094
2022	No data	$15,719	$216,926	No data
2021	$229,766	$22,574	$232,724	$207,192
2020	No data	$34,705	$280,950	No data
2019	No data	$140,594	$400,740	No data
2018	$6,062,796	$6,409,069	$1,352,030	$-346,273

POLK - PROGRESSIVE ELDERCARE SERVICES INC