PROVIDENCE PARK INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Phone

3147338000

Tax Period

2023-07-01 to 2024-06-30

PROVIDENCE PARK INC, founded in 2015, is a mid-sized nonprofit that reported $21.8M in total revenue in fiscal year 2023. Expenses of $24.6M exceeded revenue, resulting in a 13% operating deficit.

Mission

ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.

Program Service Accomplishments

Program 1

Expenses: $20,598,730 Revenue: $21,425,446

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO...

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO THOSE WHO NEED IT THE MOST. PROVIDENCE PARK, INC. COMMUNITIES INCLUDE A SKILLED NURSING FACILITY (54,865 RESIDENT DAYS SERVED), ASSISTED LIVING (11,606 DAYS SERVED), MEMORY CARE (5,396 DAYS SERVED) AND INDEPENDENT LIVING (21,343 RESIDENT DAYS SERVED). OUR SNF, INSPIRED BY THE HEALING MISSION OF THE CATHOLIC CHURCH TO THE ELDERLY, PROVIDES EACH RESIDENT CARE THAT MAXIMIZES DIGNITY AND INDEPENDENCE. ROOTED IN THE CATHOLIC TRADITION OF CARING, AS A CORPORATE MEMBER OF ASCENSION HEALTH SENIOR CARE, OUR COMMUNITY IS CONTINUALLY DEVELOPING AND ADOPTING NEW BEST PRACTICES IN CARE THAT ENHANCE THE EXPERIENCE OF OUR RESIDENTS, PROGRAM PARTICIPANTS AND PATIENTS. THE STAFF IS COMMITTED TO PROMOTING THE WELL-BEING OF THOSE WE SERVE THROUGH THE DELIVERY OF QUALITY CARE. AS A CHARITABLE ORGANIZATION IT IS RECOGNIZED THAT NOT ALL PERSONS SERVED POSSESS THE ABILITY TO PURCHASE ESSENTIAL SERVICES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $71,538

Program Service Revenue $21,370,306

Investment Income $1,671

Other Revenue $327,426

TOTAL REVENUE $21,770,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,999,763

Fundraising Expenses $0

Program Expenses $20,598,730

Other Expenses $12,567,059

TOTAL EXPENSES $24,566,822

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,770,941	$21,093,692	+0.0%
Expenses	$24,566,822	$34,083,704	-0.3%
Net Income	$-2,795,881	$-12,990,012	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

259

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

$2,849,874

Total Directors

$2,601,207

Key Employees

$161,134

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS MYERS PHD	CHAIR (END 12/2023)	1.0	Officer Director	$0	$0	$0
ERIN SHADBOLT	VP POST ACUTE & AT-HOME SERVICES & CEO (START 5/2024)/SECRETARY (START 1/2024)	0.0	Officer Director	$0	$47,152	$366,297
JUDITH MANESS	TREASURER (END 12/2023)	1.0	Officer Director	$0	$0	$0
LISA ANN MUSGRAVE MHA BSN RN	SENIOR VP, POST-ACUTE AND AT-HOME SERVICES/CHAIR (START 1/2024)	0.0	Officer Director	$0	$53,389	$1,203,802
ROBIN T BINEK	AVP OF FINANCE, ASCENSION LIVING/TREASURER (START 9/2023)	0.0	Officer Director	$0	$46,195	$281,725
RYAN BREEDLOVE	DIRECTOR/VP POST ACUTE CONTINUING CARE & AT HOME SERVICES (START 1/2024)	0.0	Officer Director	$0	$50,101	$431,550
GREGORY J NIECKULA DO MBA	DIRECTOR (END 12/2023)	1.0	Director	$0	$0	$0
KENNETH R SMOOT	DIRECTOR/CHIEF MISSION INTEGRATION OFFICER (START 1/2024)	0.0	Director	$0	$27,910	$317,833
MICHAEL ROBERT GORDON	CFO, ASCENSION LIVING (END 8/2023)	0.0	Officer	$0	$34,547	$566,500
AMANDA LYNN SONNIER	EXECUTIVE DIRECTOR	50.0	Key Emp	$153,245	$7,889	$161,134
JASON WALLACE MUSIL RN	RN, DIRECTOR OF NURSING	50.0	Highest	$142,736	$32,614	$175,350
RHONDA RICHARDS	CLINICAL OPERATIONS DIRECTOR	50.0	Highest	$100,233	$30,450	$130,683
DANIEL STRICKER	FORMER OFFICER (END 8/2022)	0.0		$0	$0	$641,193

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	No data	No data	No data	No data
2024	$21,770,941	$24,566,822	$12,239,625	$-2,795,881
2023	$21,093,692	$34,083,704	$11,375,644	$-12,990,012
2022	$21,262,350	$22,850,368	$19,384,116	$-1,588,018
2021	$23,167,513	$25,031,976	$32,777,659	$-1,864,463
2020	$25,814,425	$23,893,000	$27,173,219	$1,921,425
2019	$24,975,817	$24,159,694	$27,153,161	$816,123
2018	$22,416,207	$22,592,029	$30,490,087	$-175,822