PERSONAL SOLUTIONS INC

EIN: 721241678 501(c)(3) Public Safety

SHREVEPORT, LA

Total Revenue
$477,115
Total Expenses
$457,989
Total Assets
$97,758
Net Assets
$86,098
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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
1993
Legal Domicile
LA
Principal Officer
CRAIG KENNEDY
Phone
3186860012
Tax Period
2022-01-01 to 2022-12-31

PERSONAL SOLUTIONS INC, founded in 1993, is a small nonprofit in the Public Safety sector that reported $477K in total revenue in fiscal year 2022. Expenses of $458K left a modest 4% surplus.

Mission

COUNSELING THOSE NEEDING EMOTIONAL HELP.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $477,115
Investment Income $0
Other Revenue $0
TOTAL REVENUE $477,115

Expense Breakdown

Grants Paid $0
Salaries & Benefits $348,899
Fundraising Expenses $0
Program Expenses $348,335
Other Expenses $109,090
TOTAL EXPENSES $457,989

Year-over-Year Comparison

2022 2021 Change
Revenue $477,115 $464,741 +0.0%
Expenses $457,989 $457,169 +0.0%
Net Income $19,126 $7,572 +1.5%
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
9
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
2
$65,682
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATTI BORNAMAN COUNSELOR 40.00
Officer
$51,756 $0 $51,756
CRAIG KENNEDY PRESIDENT 40.00
Officer
$13,926 $0 $13,926
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 No data No data No data No data
2022 $477,115 $457,989 $97,758 $19,126
2021 $464,741 $457,169 $69,600 $7,572
2020 $440,463 $426,975 $62,879 $13,488
2019 $398,452 $415,716 $47,496 $-17,264
2018 $336,612 $369,213 $64,366 $-32,601
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