Provident Housing Solutions Inc (EIN 821621116) - 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

2017

Legal Domicile

Principal Officer

Jim Grayford

Tax Period

2023-01-01 to 2023-12-31

Provident Housing Solutions Inc, founded in 2017, is a small nonprofit in the Human Services sector that reported $432K in total revenue in fiscal year 2023. Revenue surged 286% from the prior year, signaling strong growth momentum. The organization ran a surplus of $330K, a strong 76% operating margin.

Mission

Provide affordable housing in the Central Florida Area

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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 $0

Program Service Revenue $22,844

Investment Income $377,554

Other Revenue $31,407

TOTAL REVENUE $431,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $101,837

Other Expenses $101,837

TOTAL EXPENSES $101,837

Year-over-Year Comparison

	2023	2022	Change
Revenue	$431,805	$111,938	+2.9%
Expenses	$101,837	$53,157	+0.9%
Net Income	$329,968	$58,781	+4.6%

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

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
John Phillips	Director	1.00	Director	$0	$0	$0
Barry Draper	Director	1.00	Director	$0	$0	$0
Tom Ryan	Secretary Treasurer	1.00	Officer Director	$0	$0	$0
Joe Carlisle	Vice Chairman	1.00	Officer Director	$0	$0	$0
Jim Grayford	Chairman	1.00	Officer 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	$431,805	$101,837	$794,490	$329,968
2022	$111,938	$53,157	$1,192,980	$58,781
2021	$1,086,500	$369,133	$1,289,966	$717,367
2020	$30,991	$479,216	$1,197,168	$-448,225

Provident Housing Solutions Inc