Paramount Community Living and Rehab Inc (EIN 834703245) - 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

2020

Legal Domicile

Principal Officer

Jacob Walden

Phone

5165049797

Tax Period

2023-01-01 to 2023-12-31

Paramount Community Living and Rehab Inc, founded in 2020, is a mid-sized nonprofit in the Housing & Shelter sector that reported $12.7M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE A retirement community consisting of a skilled nursing facility; an assisted living facility and 69 independent living units FOR THE ELDERLY.

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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 $7,055

Program Service Revenue $12,653,057

Investment Income $0

Other Revenue $0

TOTAL REVENUE $12,660,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,167,260

Fundraising Expenses $0

Program Expenses $12,381,436

Other Expenses $4,214,176

TOTAL EXPENSES $12,381,436

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,660,112	$11,670,172	+0.1%
Expenses	$12,381,436	$11,666,795	+0.1%
Net Income	$278,676	$3,377	+81.5%

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

349

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

$400,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jacob Walden	Director	40.00	Director	$140,000	$0	$140,000
Yisroel Chafetz	Director	40.00	Director	$133,000	$0	$133,000
Efram Lahasky	Director	40.00	Director	$127,000	$0	$127,000

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	$12,660,112	$12,381,436	$10,121,238	$278,676
2022	$11,670,172	$11,666,795	$9,211,796	$3,377
2021	$11,089,315	$9,585,106	$2,665,986	$1,504,209

Paramount Community Living and Rehab Inc