Pennacle Foundation Inc Pennacle Foundation Inc (EIN 911960461) - 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

2000

Legal Domicile

Principal Officer

LAWRENCE L THOMAS

Phone

3237502400

Tax Period

2023-01-01 to 2023-12-31

Pennacle Foundation Inc Pennacle Foundation Inc, founded in 2000, is a small nonprofit in the Mental Health sector that reported $503K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $626K exceeded revenue, resulting in a 24% operating deficit.

Mission

Residential care and treatment for emotionally and physically neglected children

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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 $502,845

Investment Income $0

Other Revenue $0

TOTAL REVENUE $502,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $443,462

Fundraising Expenses $0

Program Expenses $625,767

Other Expenses $182,305

TOTAL EXPENSES $625,767

Year-over-Year Comparison

	2023	2022	Change
Revenue	$502,845	$576,472	-0.1%
Expenses	$625,767	$813,585	-0.2%
Net Income	$-122,922	$-237,113	-0.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN C RUFFIN	Exec Dir of Programs	N/A	Officer Director	$0	$0	$0
LAWRENCE L THOMAS	CEO	N/A	Officer	$0	$0	$0
HASANI GORDEN	Treasurer	N/A	Director	$0	$0	$0
PAUL RUFFIN	Board member	N/A	Director	$0	$0	$0
SANDRA D BUTLER	Board member	N/A	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
2023	$502,845	$625,767	$40,091	$-122,922
2022	$576,472	$813,585	$107,169	$-237,113
2021	$485,946	$518,808	$87,526	$-32,862
2020	$635,669	$945,959	$116,133	$-310,290

Pennacle Foundation Inc Pennacle Foundation Inc