Provident Resources Group Inc (EIN 582492101) - 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

1999

Legal Domicile

Phone

2257663977

Tax Period

2023-01-01 to 2023-12-31

Provident Resources Group Inc, founded in 1999, is a major nonprofit in the Health Care sector that reported $321.6M in total revenue in fiscal year 2023. Expenses of $354.5M exceeded revenue, resulting in a 10% operating deficit.

Mission

Provident Resources Group, Inc. provides for the needs of the elderly, promotes healthy communities, serves the poor & distressed, promotes education, and lessens the burden of government.

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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 $13,558,462

Program Service Revenue $254,253,277

Investment Income $7,561,768

Other Revenue $46,232,922

TOTAL REVENUE $321,606,429

Expense Breakdown

Grants Paid $31,883

Salaries & Benefits $55,033,254

Fundraising Expenses $0

Program Expenses $340,863,849

Other Expenses $299,446,832

TOTAL EXPENSES $354,511,969

Year-over-Year Comparison

	2023	2022	Change
Revenue	$321,606,429	$333,234,265	0.0%
Expenses	$354,511,969	$337,542,850	+0.1%
Net Income	$-32,905,540	$-4,308,585	+6.6%

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

$6,750,680

Total Directors

$4,435,527

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT	35.0	Officer Director	$794,040	$46,385	$840,425
N/A	CHAIRMAN AND CHIEF EXECUTIVE OFFICER	34.0	Officer Director	$3,471,707	$27,395	$3,499,102
N/A	DIRECTOR	1.0	Director	$24,000	$0	$24,000
N/A	DIRECTOR	1.0	Director	$24,000	$0	$24,000
N/A	DIRECTOR	1.0	Director	$24,000	$0	$24,000
N/A	DIRECTOR	1.0	Director	$24,000	$0	$24,000
N/A	CHIEF OPERATING OFFICER	40.0	Officer	$464,590	$36,249	$500,839
N/A	CHIEF LEGAL OFFICER	34.0	Officer	$604,250	$37,860	$642,110
N/A	AVP ADMINISTRATION	40.0	Officer	$193,461	$45,458	$238,919
N/A	CHIEF FINANCIAL OFFICER	38.0	Officer	$502,147	$49,123	$551,270
N/A	CHIEF ACCOUNTING OFFICER	40.0	Officer	$407,137	$15,200	$422,337
N/A	ASSISTANT SECRETARY	23.0	Officer	$55,678	$0	$55,678
N/A	ACCOUNTING MANAGER	40.0	Highest	$112,991	$17,611	$130,602
N/A	GENERAL COUNSEL	40.0	Highest	$110,187	$7,808	$117,995
N/A	CONTROLLER	40.0	Highest	$213,723	$19,974	$233,697

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	No data	No data	No data	No data
2023	$321,606,429	$354,511,969	$2,982,926,984	$-32,905,540
2022	$333,234,265	$337,542,850	$2,617,109,061	$-4,308,585
2021	$208,279,870	$293,625,475	$2,451,136,318	$-85,345,605
2020	$186,723,380	$262,003,463	$2,434,706,219	$-75,280,083
2019	$195,771,889	$246,697,352	$2,256,380,044	$-50,925,463
2018	$112,207,440	$141,862,888	$1,360,481,175	$-29,655,448

Provident Resources Group Inc