Pelican Cove Counseling Center (EIN 832808840) - 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

Principal Officer

Soni K Monroe

Phone

3104865854

Tax Period

2024-01-01 to 2024-12-31

Pelican Cove Counseling Center, founded in 2018, is a small nonprofit in the Human Services sector that reported $195K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

To provide quality mental health services to low income individuals in a professional and ethical environment for therapists in trainging

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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 $50,347

Program Service Revenue $118,935

Investment Income $0

Other Revenue $25,629

TOTAL REVENUE $194,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,382

Fundraising Expenses $0

Program Expenses $191,562

Other Expenses $89,689

TOTAL EXPENSES $213,071

Year-over-Year Comparison

	2024	2023	Change
Revenue	$194,911	$164,273	+0.2%
Expenses	$213,071	$179,140	+0.2%
Net Income	$-18,160	$-14,867	+0.2%

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

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

$68,034

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA COOK	Executive Director	40.00	Officer	$68,034	$0	$68,034
SONI K MONROE	CEODirector	40.00	Officer Director	$0	$0	$0
VALERIA KROCAK	Director	1.00	Director	$0	$0	$0
CHRISTINA BOND	SecretaryDirector	20.00	Officer Director	$0	$0	$0
GLORIA HEBERT	CFODirector	20.00	Officer Director	$0	$0	$0
JIM FINEGAN	CFODirector	20.00		$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	$194,911	$213,071	$3,359	$-18,160
2023	$164,273	$179,140	$6,816	$-14,867
2022	$129,780	$138,192	$15,589	$-8,412

Pelican Cove Counseling Center