PROVIDENCE CORPORATION (EIN 474980328) - 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

2015

Legal Domicile

Phone

4847460064

Tax Period

2023-07-01 to 2024-06-30

PROVIDENCE CORPORATION, founded in 2015, is a community nonprofit in the Mental Health sector that reported $2.5M in total revenue in fiscal year 2023.

Mission

FACILITY THAT PROVIDES COMMUNITY LIVING ARRANGEMENTS FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. OUR SERVICE ASSISTS SAID INDIVIDUALS WITH HAVING A NORMAL LIFE

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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 $0

Program Service Revenue $2,539,777

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,539,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,452,636

Fundraising Expenses $0

Program Expenses $1,603,310

Other Expenses $1,173,282

TOTAL EXPENSES $2,625,918

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,539,777	$2,478,714	+0.0%
Expenses	$2,625,918	$2,414,066	+0.1%
Net Income	$-86,141	$64,648	-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

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

$228,961

Total Directors

$155,698

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELVIRA BERRY	EXECUTIVE DIRECTOR	40.00	Director	$155,698	$0	$155,698
ANTHONY OKONKWO	DIRECTOR	40.00	Officer	$228,961	$0	$228,961

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
2025	No data	No data	No data	No data
2024	$2,539,777	$2,625,918	$40,666	$-86,141
2023	$2,478,714	$2,414,066	$72,900	$64,648
2022	$2,243,494	$2,219,032	$18,213	$24,462
2021	$1,842,240	$1,800,326	$30,230	$41,914
2020	$2,027,431	$1,837,127	$40,489	$190,304
2019	$1,540,598	$1,606,081	$31,519	$-65,483
2018	$1,471,435	$1,516,564	$40,806	$-45,129

PROVIDENCE CORPORATION