PEACE RIVER CENTER PROPERTIES INC (EIN 592527684) - 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

1985

Legal Domicile

Principal Officer

DAVID TOURNADE

Phone

8635190575

Tax Period

2024-07-01 to 2025-06-30

PEACE RIVER CENTER PROPERTIES INC, founded in 1985, is a small nonprofit in the Mental Health sector that reported $261K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $230K left a modest 12% surplus.

Mission

PROVIDES LOW INCOME HOUSING AND A GROUP HOME FOR ADULTS WITH MENTAL ILLNESS

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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 $24,839

Program Service Revenue $236,011

Investment Income $4

Other Revenue $0

TOTAL REVENUE $260,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,985

Fundraising Expenses $0

Program Expenses $155,818

Other Expenses $161,575

TOTAL EXPENSES $229,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$260,854	$306,470	-0.1%
Expenses	$229,560	$221,455	+0.0%
Net Income	$31,294	$85,015	-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

N/A

Volunteers

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

$217,782

Total Directors

$391,901

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID TOURNADE	SECRETARY	2.00	Officer Director	$0	$28,561	$217,782
BENNIE ALLRED	CHAIR	2.00	Officer Director	$0	$0	$0
STANLEY B REED	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CANDACE BARNES	DIRECTOR	2.00	Director	$0	$16,287	$174,119

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	$260,854	$229,560	$353,413	$31,294
2024	$306,470	$221,455	$360,272	$85,015
2023	$233,549	$235,655	$312,502	$-2,106
2022	$235,558	$207,590	$319,584	$27,968
2021	$228,675	$211,338	$318,961	$17,337
2020	$218,238	$205,380	$328,010	$12,858
2019	$209,776	$211,695	$337,044	$-1,919
2018	$218,633	$217,029	$366,100	$1,604

PEACE RIVER CENTER PROPERTIES INC