Provident Commonwealth Education Resources II Inc (EIN 831248921) - 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

2018

Legal Domicile

Phone

2257663977

Tax Period

2023-01-01 to 2023-12-31

Provident Commonwealth Education Resources II Inc, founded in 2018, is a mid-sized nonprofit in the Housing & Shelter sector that reported $11.6M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $14.5M exceeded revenue, resulting in a 26% operating deficit.

Mission

Provident Commonwealth Education Resources II, Inc. promotes and advances education through the acquisition, planning, development, financing, equipping, managing, operating, and maintaining of one or more dormitory facilities, dining facilities, parking facilities, and other ancillary facilities on the campus of The University of Massachusetts Dartmouth and member institutions.

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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 $10,967,025

Investment Income $587,300

Other Revenue $0

TOTAL REVENUE $11,554,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $281,975

Fundraising Expenses $0

Program Expenses $14,330,351

Other Expenses $14,230,505

TOTAL EXPENSES $14,512,480

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,554,325	$9,957,848	+0.2%
Expenses	$14,512,480	$14,491,488	+0.0%
Net Income	$-2,958,155	$-4,533,640	-0.3%

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

$5,005,637

Total Directors

$888,425

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TREASURER	1.0	Officer Director	$0	$0	$0
N/A	VICE PRESIDENT AND ASSISTANT TREASURER	1.0	Officer Director	$0	$46,385	$840,425
N/A	CLERK AND SECRETARY	1.0	Officer Director	$0	$0	$24,000
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$24,000
N/A	VICE PRESIDENT AND ASSISTANT CLERK	1.0	Officer	$0	$37,860	$642,110
N/A	PRESIDENT	1.0	Officer	$0	$27,395	$3,499,102

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	$11,554,325	$14,512,480	$146,742,634	$-2,958,155
2022	$9,957,848	$14,491,488	$149,700,407	$-4,533,640
2021	$6,407,611	$13,808,408	$154,926,817	$-7,400,797
2020	$1,406,088	$4,908,250	$162,908,246	$-3,502,162
2019	No data	No data	$177,153,778	No data
2018	$27,922,696	No data	$172,762,001	No data

Provident Commonwealth Education Resources II Inc