ASSISTED PAYMENT 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

2019

Legal Domicile

Phone

7632053136

Tax Period

2024-01-01 to 2024-12-31

ASSISTED PAYMENT SERVICES, founded in 2019, is a small nonprofit in the Human Services sector that reported $119K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26K, a strong 22% operating margin.

Mission

THROUGH A CONFIDENTIAL, PERSONAL, CLIENT CENTERED PROCESS SECURE INCOME FOR CLIENTS AND MAKE APPROPRIATE DISTRIBUTIONS TO MEET BASIC NEEDS FOR FOOD, SHELTER AND CLOTHING WHILE PROVIDING APPROPRIATE ADVOCACY FOR THE CLIENT

Program Service Accomplishments

Program 1

Expenses: $75,847

THE GOAL OF THE NONPROFIT IS TO PROVIDE BILL PAYMENT SERVICES FOR CONSUMERS WHO ARE DETERMINED BY SOCIAL SECURITY TO BE UNABLE TO MANAGE THEIR FUNDS APPROPRIATELY. THE GOAL IS TO COLLECT AND...

THE GOAL OF THE NONPROFIT IS TO PROVIDE BILL PAYMENT SERVICES FOR CONSUMERS WHO ARE DETERMINED BY SOCIAL SECURITY TO BE UNABLE TO MANAGE THEIR FUNDS APPROPRIATELY. THE GOAL IS TO COLLECT AND DISTRIBUTE THE FUNDS TO MEET THE INDIVIDUALS PERSONAL NEEDS OF FOOD, SHELTER AND CLOTHING AND HOPEFULLY PROVIDE THEM WITH A MONTHLY OR WEEKLY STIPEND.

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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 $118,739

Investment Income $43

Other Revenue $0

TOTAL REVENUE $118,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,291

Fundraising Expenses $0

Program Expenses $75,847

Other Expenses $33,776

TOTAL EXPENSES $93,067

Year-over-Year Comparison

	2024	2023	Change
Revenue	$118,782	$88,524	+0.3%
Expenses	$93,067	$79,823	+0.2%
Net Income	$25,715	$8,701	+2.0%

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

N/A

Employees

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

$4,440

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN M MADLOCK	PRESIDENT	32.00	Officer	$4,440	$0	$4,440
SIDNEY L MADLOCK	DIRECTOR FOR BOND	0.00	Officer	$0	$0	$0
SALLY J BABCOCK	TREASURER	0.00	Officer	$0	$0	$0
ABIGAIL MADLOCK	SECRETARY	40.00	Key Emp	$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	$118,782	$93,067	$25,225	$25,715
2023	$88,524	$79,823	$6,040	$8,701