Parkside Inc (EIN 731280067) - 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

1991

Legal Domicile

Phone

9185888899

Tax Period

2023-01-01 to 2023-12-31

Parkside Inc, founded in 1991, is a mid-sized nonprofit in the Mental Health sector that reported $25.8M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

To provide outstanding mental health and support services.

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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 $2,376,149

Program Service Revenue $22,485,541

Investment Income $150,596

Other Revenue $793,481

TOTAL REVENUE $25,805,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,574,910

Fundraising Expenses $0

Program Expenses $19,735,509

Other Expenses $8,415,437

TOTAL EXPENSES $26,990,347

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,805,767	$18,927,357	+0.4%
Expenses	$26,990,347	$20,669,899	+0.3%
Net Income	$-1,184,580	$-1,742,542	-0.3%

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

453

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

$660,683

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jim Serratt	CEO	40.00	Officer	$448,889	$8,870	$457,759
Dion L Owens	Medical Director	40.00		$363,336	$0	$363,336
John White	Medical Director	40.00		$326,341	$30,000	$356,341
Zachary J Sullivan	Chief Medical Officer	40.00		$252,929	$12,843	$265,772
Matthew Sharp	Medical Director	40.00		$228,900	$0	$228,900
Allan Polhill	CFO/Secretary	40.00	Officer	$202,924	$0	$202,924
Kevin McDonald	Medical Director	40.00		$200,737	$0	$200,737
Michelle Sharp	Medical Director	40.00		$155,289	$0	$155,289
Stephanie McQuarters	Nurse Practitioner	40.00		$154,342	$0	$154,342
Patricia J Collins-Jackson	Chief Clinical Officer	40.00		$139,587	$8,882	$148,469
Bradley P McDaris MSHCA BSN	Chief Nursing Officer	40.00		$139,793	$0	$139,793
Melody Abraham	Pharmacy Director	40.00		$121,809	$13,598	$135,407
Deborah Harrington	Nurse Practitioner	40.00		$125,459	$0	$125,459
Christi Smith	Controller	40.00		$122,840	$0	$122,840
Shannan Hurst	Dir of Human Res's	40.00		$114,080	$3,041	$117,121
Angela Baker	Director	1.50	Director	$0	$0	$0
Brandon Keppner	Director	1.50	Director	$0	$0	$0
Ryan Lynch	Director	1.50	Director	$0	$0	$0
Kirby Crowe	Vice President	1.50	Officer Director	$0	$0	$0
Brett L Lessley	President	1.50	Officer Director	$0	$0	$0
Hugh Robert	Asst Secretary	1.50	Officer Director	$0	$0	$0
Cassie Reese Tipton	Director	1.50	Director	$0	$0	$0
Kathy LaFortune	Director	1.50	Director	$0	$0	$0
Catherine Anderson	Director	1.50	Director	$0	$0	$0

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	$25,805,767	$26,990,347	$31,430,317	$-1,184,580
2022	$18,927,357	$20,669,899	$32,630,739	$-1,742,542
2021	$20,377,122	$17,988,043	$34,202,122	$2,389,079
2020	$16,603,388	$17,731,764	$33,747,925	$-1,128,376
2019	$17,631,984	$15,475,842	$34,009,111	$2,156,142
2018	$14,271,691	$15,060,187	$32,796,795	$-788,496

Parkside Inc