PROGRESSIVE ADULT REHABILITATION CENTER (EIN 540836365) - 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

1956

Legal Domicile

Principal Officer

FELICIA DANIELS

Phone

8047320685

Tax Period

2024-07-01 to 2025-06-30

Progressive Adult Rehabilitation Center, founded in 1955, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2017. Expenses of $1.4M left a modest 10% surplus.

Mission

TO PROVIDE COMPREHENSIVE REHABILITATION SERVICES TO MEET THE NEEDS OF INDIVIDUALS WITH INTELLECTUAL DISABILITIES IN THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,516,456

Program Service Revenue $86,668

Investment Income $4,949

Other Revenue $0

TOTAL REVENUE $1,608,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,127,974

Fundraising Expenses $0

Program Expenses $1,435,831

Other Expenses $466,624

TOTAL EXPENSES $1,594,598

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,608,073	$1,647,239	0.0%
Expenses	$1,594,598	$1,615,593	0.0%
Net Income	$13,475	$31,646	-0.6%

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

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
CLARENCE RICKS	PRESIDENT	2.00	Officer Director	$0	$0	$0
TRINA SPENCER	BOARD MEMBER	2.00	Director	$0	$0	$0
RANDY SIMPSON	TREASURER	2.00	Officer Director	$0	$0	$0
NANCY ECHOLS	BOARD MEMBER	2.00	Director	$0	$0	$0
GEORGE WHIPPLE	BOARD MEMBER	2.00	Director	$0	$0	$0
MELVIN TAYLOR	SECRETARY	2.00	Officer Director	$0	$0	$0
JAMIE FAULCON	BOARD MEMBER	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
2025	$1,608,073	$1,594,598	$1,223,079	$13,475
2024	$1,647,239	$1,615,593	$1,316,755	$31,646
2023	$1,660,414	$1,587,509	$1,266,123	$72,905
2022	$1,594,528	$1,510,477	$1,362,693	$84,051
2021	$1,384,111	$1,456,342	$1,255,971	$-72,231
2020	$1,649,124	$1,632,144	$1,159,281	$16,980
2019	$1,505,511	$1,615,135	$1,159,954	$-109,624
2018	$1,573,165	$1,413,772	$1,194,265	$159,393

PROGRESSIVE ADULT REHABILITATION CENTER