RICHARD L SHORKEY EDUCATION AND REHABILITATION CENTER (EIN 741143063) - 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

1946

Legal Domicile

Principal Officer

JULIE O'MALLEY

Phone

4098386568

Tax Period

2024-07-01 to 2025-06-30

RICHARD L SHORKEY EDUCATION AND REHABILITATION CENTER, founded in 1946, is a community nonprofit in the Health Care sector that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring.

Mission

THE SHORKET CENTER SPECIALIZES IN EFFECTIVE INDIVIDUALIZED EDUATIONAL PROGRAMS THAT INCLUDE EARLY CHILDHOOD EDUCATION AND THERAPEUTIC SERVICES FOCUSING ON CHILDREN WITH SPECIAL NEEDS

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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 $300,473

Program Service Revenue $1,976,512

Investment Income $538

Other Revenue $96,933

TOTAL REVENUE $2,374,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,942,161

Fundraising Expenses $32,504

Program Expenses $2,121,774

Other Expenses $487,224

TOTAL EXPENSES $2,429,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,374,456	$4,146,824	-0.4%
Expenses	$2,429,385	$2,671,177	-0.1%
Net Income	$-54,929	$1,475,647	-1.0%

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

Volunteers

143

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

$13,077

Total Directors

$13,077

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE O'MALLEY	EXECUTIVE DI	40.00	Officer Director	$13,077	$0	$13,077
WES BROUSSARD	PRESIDENT	6.00	Officer Director	$0	$0	$0
EMMA BROWN	DIRECTOR	0.25	Director	$0	$0	$0
GINA BROWNE	DIRECTOR	0.25	Director	$0	$0	$0
NICK CANIZALES	DIRECTOR	0.25	Director	$0	$0	$0
HOLLY HEBERT	DIRECTOR	0.25	Director	$0	$0	$0
KELAINE KONIDIS	DIRECTOR	0.25	Director	$0	$0	$0
MOLLY MOORE	SECRETARY	3.00	Director	$0	$0	$0
FARREN MORRIS	DIRECTOR	0.25	Director	$0	$0	$0
BROOKE MORROW	DIRECTOR	0.25	Director	$0	$0	$0
JANNETTA NED	TREASURER	3.00	Officer Director	$0	$0	$0
ANNA PAPA	DIRECTOR	0.25	Director	$0	$0	$0
HARRISON ROOT	DIRECTOR	0.25	Director	$0	$0	$0
COLLIN SHELDON	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
MICHELE SMITH	DIRECTOR	0.25	Director	$0	$0	$0
RHONDA THOMAS	DIRECTOR	0.25	Director	$0	$0	$0
JAYME BROUSSARD TOEPPICH	DIRECTOR	0.25	Director	$0	$0	$0
STEVEN VERNON	DIRECTOR	0.25	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
2025	$2,374,456	$2,429,385	$2,147,661	$-54,929
2024	$4,146,824	$2,671,177	$2,242,731	$1,475,647
2023	$2,307,078	$2,506,488	$904,035	$-199,410
2022	$1,933,814	$1,907,359	$1,064,178	$26,455
2021	$1,699,145	$1,672,849	$1,296,765	$26,296
2020	$1,364,778	$1,324,726	$1,230,276	$40,052
2019	$1,320,667	$1,233,162	$799,246	$87,505
2018	$1,161,606	$1,110,532	$706,202	$51,074

RICHARD L SHORKEY EDUCATION AND REHABILITATION CENTER