Parkside Homes 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

1961

Legal Domicile

Principal Officer

Stephanie Bryant

Phone

6209472301

Tax Period

2023-10-01 to 2024-09-30

Parkside Homes Inc, founded in 1961, is a community nonprofit in the Human Services sector that reported $5.4M in total revenue in fiscal year 2023.

Program Service Accomplishments

Program 1

Expenses: $4,374,848 Revenue: $5,364,360

Nursing services: Parkside is committed to providing excellent care in a home-style setting while focusing on physical, spiritual and emotional needs. We provide excellent staffing patterns offering individualized assistance with care preferences. We provide life enrichment opportunities to enrich the quality of life and to maintain engagement in the greater community.

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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 $23,015

Program Service Revenue $5,364,360

Investment Income $3,629

Other Revenue $0

TOTAL REVENUE $5,391,004

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,956,644

Fundraising Expenses $0

Program Expenses $4,374,848

Other Expenses $2,743,024

TOTAL EXPENSES $5,699,668

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,391,004	$5,617,003	0.0%
Expenses	$5,699,668	$5,706,571	0.0%
Net Income	$-308,664	$-89,568	+2.4%

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

127

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
Krinsta Heinrichs	Chair person	2.00	Officer Director	$0	$0	$0
Garvie Schmidt	Vice chair person	1.00	Officer Director	$0	$0	$0
Timothy Lohrenz	Treasurer	1.00	Officer Director	$0	$0	$0
Gayla Ratzlaff	Secretary	1.00	Officer Director	$0	$0	$0
Evan Yoder	Director	1.00	Director	$0	$0	$0
Al Magnuson	Director	1.00	Director	$0	$0	$0
Stephanie Bryant	CEO/administrator	40.00	Officer Director Key Emp	$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	$5,391,004	$5,699,668	$4,866,596	$-308,664
2021	$5,544,636	$6,223,753	$6,010,187	$-679,117
2020	$5,998,175	$5,572,871	$6,380,681	$425,304
2019	$5,205,891	$5,668,087	$6,225,713	$-462,196
2018	$5,458,817	$5,543,304	$6,931,029	$-84,487