PIEDMONT RESIDENTIAL DEVELOPMENT CENTER INC (EIN 591719434) - 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

1976

Legal Domicile

Principal Officer

SHARON LIPKE

Phone

7047882304

Tax Period

2024-07-01 to 2025-06-30

PIEDMONT RESIDENTIAL DEVELOPMENT CENTER INC, founded in 1976, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2024.

Mission

PIEDMONT RESIDENTIAL DEVELOPMENT CENTER, INC. (PRDC) SERVES INTELLECTUALLY AND PHYSICALLY DISABLED CHILDREN AND ADULTS. PRDC PROVIDES HIGH QUALITY LONG-TERM DEVELOPMENTAL, EDUCATIONAL, THERAPEUTIC, NURSING AND MEDICAL CARE. PRDC EMPHASIZES PROGRAMS TO SERVE CHILDREN AND ADULTS WHO ARE NON- AMBULATORY AND HAVE SEVERE TO PROFOUND MENTAL RETARDATION.

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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 $85,180

Program Service Revenue $4,269,170

Investment Income $7,548

Other Revenue $9,270

TOTAL REVENUE $4,371,168

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,285,908

Fundraising Expenses $0

Program Expenses $3,562,532

Other Expenses $999,274

TOTAL EXPENSES $4,285,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,371,168	$4,429,034	0.0%
Expenses	$4,285,182	$4,786,980	-0.1%
Net Income	$85,986	$-357,946	-1.2%

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

112

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

$140,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA FLANAGAN	BOARD CHAIR	0.50	Director	$0	$0	$0
KATHLEEN SMITH	VICE CHAIR	0.50	Director	$0	$0	$0
JEAN HARGETT	SECRETARY	0.50	Director	$0	$0	$0
LISA COX	EXECUTIVE DI	40.00	Highest	$166,112	$0	$166,112
SHARON LIPKE	FINANCE DIRE	40.00	Officer	$140,000	$0	$140,000

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	$4,371,168	$4,285,182	$1,922,421	$85,986
2024	$4,429,034	$4,786,980	$1,832,813	$-357,946
2023	$4,394,988	$4,177,258	$2,199,618	$217,730
2022	$4,285,864	$3,791,094	$1,972,100	$494,770
2021	$4,034,590	$3,451,575	$1,561,242	$583,015
2020	$3,222,498	$3,219,819	$956,691	$2,679
2019	$3,008,018	$3,008,017	$930,799	$1

PIEDMONT RESIDENTIAL DEVELOPMENT CENTER INC