MONTICELLO - PROGRESSIVE ELDERCARE SERVICES INC (EIN 823447385) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

KAYE WALLACE

Phone

8703676852

Tax Period

2023-01-01 to 2023-12-31

MONTICELLO - PROGRESSIVE ELDERCARE SERVICES INC, founded in 2017, is a community nonprofit in the Health Care sector that reported $5.4M in total revenue in fiscal year 2018. Revenue surged 8315% from the prior year, signaling strong growth momentum.

Mission

TO FACILITATE COMPASSIONATE HEALTH CARE WITH CLINICAL QUALITY AND SERVICE EXCELLENCE IN A DIGNIFIED AND RESPECTFUL "HOME" ENVIRONMENT FOR ELDERS WHO REQUIRE LONG-TERM CARE SERVICES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,533

Investment Income $0

Other Revenue $425,288

TOTAL REVENUE $432,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $225,331

Other Expenses $237,506

TOTAL EXPENSES $237,506

Year-over-Year Comparison

	2023	2022	Change
Revenue	$432,821	$2,321,170	-0.8%
Expenses	$237,506	$2,658,527	-0.9%
Net Income	$195,315	$-337,357	-1.6%

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

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
KAYE WALLACE	PRESIDENT	40.00	Officer Director	$0	$0	$0
BRENDA JACOBS	DIRECTOR	5.00	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	No data	No data	No data	No data
2023	$432,821	$237,506	$322,288	$195,315
2022	$2,321,170	$2,658,527	$703,412	$-337,357
2021	$6,860,469	$6,558,699	$1,082,009	$301,770
2020	$6,777,094	$6,402,806	$1,176,830	$374,288
2019	$5,489,318	$5,890,558	$873,497	$-401,240
2018	$5,358,037	$5,885,620	$823,312	$-527,583

MONTICELLO - PROGRESSIVE ELDERCARE SERVICES INC