PROVIDENCE CORPORATION (EIN 581334706) - 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

1968

Legal Domicile

Principal Officer

DEA JOSEPH WALDEN

Tax Period

2024-08-01 to 2025-07-31

PROVIDENCE CORPORATION, founded in 1968, is a small nonprofit in the Housing & Shelter sector that reported $895K in total revenue in fiscal year 2024. The organization ran a surplus of $152K, a strong 17% operating margin.

Mission

PROVIDING HOUSING FOR ELDERLY AND DISABLED PERSONS BY OPERATING A HUD- ASSISTED APARTMENT COMMUNITY IN THOMASVILLE, GEORGIA REGULATED UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT AND A USE AGREEMENT WITH HUD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $882,861

Investment Income $12,342

Other Revenue $0

TOTAL REVENUE $895,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,597

Fundraising Expenses $0

Program Expenses $743,675

Other Expenses $558,078

TOTAL EXPENSES $743,675

Year-over-Year Comparison

	2024	2023	Change
Revenue	$895,203	$866,223	+0.0%
Expenses	$743,675	$712,265	+0.0%
Net Income	$151,528	$153,958	0.0%

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

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
DEBRA ABRAMS	DIRECTOR	2.00	Director	$0	$0	$0
KARL ABRAMS	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES BAKER	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
SHAUNTA DISMUKES	DIRECTOR	2.00	Director	$0	$0	$0
ERNEST GRAHAM	DIRECTOR	2.00	Director	$0	$0	$0
JAMES HADLEY	DIRECTOR	2.00	Director	$0	$0	$0
CHARLENE HAMPTON	DIRECTOR	2.00	Director	$0	$0	$0
RAYMOND JOHNSON	SECRETARY	2.00	Officer Director	$0	$0	$0
HARRY RAYFORD	DIRECTOR	2.00	Director	$0	$0	$0
DEA JOSEPH WALDEN	PRESIDENT	2.00	Officer 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	$895,203	$743,675	$2,662,533	$151,528
2024	$866,223	$712,265	$2,677,508	$153,958
2023	$826,056	$750,078	$2,785,983	$75,978
2022	$804,086	$677,423	$2,663,003	$126,663
2021	$782,048	$677,555	$2,608,016	$104,493

PROVIDENCE CORPORATION