REPRESENTATIVE PAYEE SERVICES

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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

2016

Legal Domicile

Principal Officer

MARY SHOVELL

Phone

5096751957

Tax Period

2024-01-01 to 2024-12-31

REPRESENTATIVE PAYEE SERVICES, founded in 2016, is a small nonprofit in the Human Services sector that reported $403K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

TO PROVIDE PAYEE SERVICES FOR SOCIAL SECURITY AND SUPPLEMENTAL SECURITY BENEFICIARIES WHO HAVE BEEN IDENTIFIED AS NEEDING ASSISTANCE WITH MANAGING THEIR BENEFITS IN A TIMELY AND RESPECTFUL MANNER.

Program Service Accomplishments

Program 1

Expenses: $382,263

REPRESENTATIVE PAYEE SERVICES USE CLIENT BENEFITS TO PAY FOR THE CURRENT AND FUTURE NEEDS AND TO PROPERLY SAVE ANY BENEFITS NOT NEEDED TO MEET CURRENT NEEDS. REPRESENTATIVE PAYEE SERVICES MAINTAINS RECORDS OF EXPENSES FOR EACH CLINET TO ACCOUNT FOR HOW THEY USE OR SAVE THEIR BENEFITS. CLIENTS ARE DETERMINED BY SOCIAL SECURITY.

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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 $0

Program Service Revenue $403,196

Investment Income $0

Other Revenue $0

TOTAL REVENUE $403,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $382,263

Other Expenses $395,742

TOTAL EXPENSES $395,742

Year-over-Year Comparison

	2024	2023	Change
Revenue	$403,196	$434,657	-0.1%
Expenses	$395,742	$439,261	-0.1%
Net Income	$7,454	$-4,604	-2.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY SHOVELL	President	25.00	Officer Director	$0	$0	$0
ROYCE SHOVELL	Director	1.00	Director	$0	$0	$0
LORIE SANDAINE	Director	1.00	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	$403,196	$395,742	$74,827	$7,454
2023	$434,657	$439,261	$64,606	$-4,604
2022	$396,061	$379,709	$69,210	$16,352
2021	$302,415	$346,127	$52,858	$-43,712