PENICK VILLAGE INC (EIN 560729010) - 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

1957

Legal Domicile

Principal Officer

ALVA S CROMARTIE III

Phone

9106920300

Tax Period

2023-10-01 to 2024-09-30

PENICK VILLAGE INC, founded in 1957, is a mid-sized nonprofit in the Human Services sector that reported $21.4M in total revenue in fiscal year 2023.

Mission

OPERATES A LIFE PLANNING COMMUNITY, SEE ALSO PART III, LINE 1.

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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 $1,328,265

Program Service Revenue $19,608,364

Investment Income $485,269

Other Revenue $0

TOTAL REVENUE $21,421,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,656,378

Fundraising Expenses $154,460

Program Expenses $16,515,843

Other Expenses $10,630,536

TOTAL EXPENSES $21,286,914

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,421,898	$21,944,160	0.0%
Expenses	$21,286,914	$20,612,916	+0.0%
Net Income	$134,984	$1,331,244	-0.9%

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

398

Volunteers

340

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

$696,860

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICAH NEIBAUER	PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANK QUIS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN FRIZZELL	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
LANCE CRAIG	TREASURER	1.00	Officer Director	$0	$0	$0
SHERRY PRICE	SECRETARY	1.00	Officer Director	$0	$0	$0
MARSHA COLES	BOARD MEMBER	1.00	Director	$0	$0	$0
REV J CARR HOLLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
DR GARY KRASICKY	BOARD MEMBER	1.00	Director	$0	$0	$0
JACKLYNN LESNIAK	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE PENICK	BOARD MEMBER	1.00	Director	$0	$0	$0
WAYNE ROBBINS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY RECA TODD	BOARD MEMBER	1.00	Director	$0	$0	$0
ALVA CROMARTIE	CEO	39.00	Officer	$282,900	$37,613	$320,513
TERRY KEES	CFO-RETIRED - 2/28/2024	39.00	Officer	$224,853	$13,995	$238,848
CHRISTOPHER MOONEY	CFO AS OF 3/1/24	39.00	Officer	$118,614	$18,885	$137,499
MICHAEL WHITLOCK	DIRECTOR OF DINING	40.00	Highest	$108,879	$2,175	$111,054
VERONICA AXT	DIRECTOR OF HR	40.00	Highest	$105,932	$12,730	$118,662
WENDY FARRELL	DIRECTOR OF MARKETING	40.00	Highest	$111,350	$3,744	$115,094
PANSY REYNOLDS	HEALTHCARE ADMINISTRATOR	40.00	Highest	$105,083	$22,702	$127,785
JENNIFER POLLARD	DIRECTOR OF HOME CARE	40.00	Highest	$102,016	$14,410	$116,426

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	$21,421,898	$21,286,914	$76,594,546	$134,984
2023	$21,944,160	$20,612,916	$73,223,544	$1,331,244
2022	$19,095,592	$19,277,846	$70,209,162	$-182,254
2021	$19,517,376	$18,139,506	$72,235,809	$1,377,870
2020	$18,076,323	$18,488,736	$72,601,027	$-412,413
2019	$18,487,605	$18,004,184	$58,057,431	$483,421
2018	$18,392,282	$17,404,058	$55,317,094	$988,224

PENICK VILLAGE INC