PROVIDENCE PARK INC (EIN 611759304) - 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

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

TO PROVIDE SPIRITUALLY CENTERED, HOLISTIC, COMPASSIONATE SKILLED NURSING SERVICES AND ASSISTED LIVING SERVICES TO THOSE IN OUR COMMUNITY FOR THE SHORT TERM OR LONG TERM.

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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 $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

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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

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

PROVIDENCE PARK INC