Progressive Eldercare Services Drew INC EIN 27-3042765

Progressive Eldercare Services Drew INC FY2021 filing

EIN  27-3042765 Public charity (501(c)(3)) Monticello, AR
Form 990 (PDF)
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Size
<$100K
What they do
Provides compassionate, high-quality elder care in a dignified home-like setting.
Leadership
Julie Trucks · President
Money in and out
$620K revenue, $112K expenses
Bottom line
96% program efficiency

Provides compassionate, high-quality elder care in a dignified home-like setting. For fiscal year 2021 it reported $620K in revenue, $112K in expenses, and $212K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$620K
Pt VIII · Ln 12
Total expenses
$112K
Pt IX · Ln 25
Net assets
$212K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $508K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs
Operating runway
9.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+82%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$620K
FY2021▼ -84%
Expenses
$112K
FY2021▼ -97%
Total assets
$1.4M
FY2021▼ -11%
Total liabilities
$1.2M
FY2021▼ -36%
Total revenue
$620K
Pt VIII · Ln 12
Total expenses
$112K
Pt IX · Ln 25
Net assets
$212K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$508K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $108K of program spending, described in the organization's own filed words · FY2021.
01

The organization acts in concert with progressive eldercare services, inc. (pes, inc.) to form a network of nursing facilities to serve as locations for promoting, developing and administering "culture change", person-centered, long-term care for ill, infirm, medically disabled and elderly individuals.

$108Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProgressive Eldercare Services Drew INC
EINHdr · item D27-3042765
Principal addressHdr · item CMonticello, AR
WebsiteHdr · item Jwww.belleviewestatesrehab.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P71)
Ruling yearIRS BMFDec 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$552K · 89%
Other revenue$69K · 11%
Contributions & grants89%$552K
Other revenue11%$69K
Investment income$81
— government grantsLn 1e$552K
Total revenueLn 12$620K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$108K
Management & general4%$4K
Total functional expensesLn 25$112K

Balance Sheet

Part X · end of year
CashLn 1$90K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$1.2M
Total net assetsLn 32$212K
Months of cash on handcomputed9.7

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $90K · Operating expenses/yr $112K
9.7 months
Where the money goes
Program services
Program services $108K · Total expenses $112K
96%
Management & General
Management & general $4K · Total expenses $112K
4%
Fundraising
Fundraising $0 · Total expenses $112K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $44K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $552K · Total revenue $620K
89%
Government reliance
Government grants $552K · Total revenue $620K
89%
Earned-income share
Program service revenue $0 · Total revenue $620K
0%
Investment reliance
Investment income $81 · Total revenue $620K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $112K
0%
Growth & trend
Revenue growth (YoY)
This year $620K · Prior year $3.9M
-84%
Net-asset trend (YoY)
End of year $212K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $620K · Expenses $112K
+82%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $212K · Total assets $1.4M
15%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Julie Trucks · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $112K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $9K · Total expenses $112K
8%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth -84%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$87K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$-1.0M revenue · ⤓ 990 PDF
FY2023$170K revenue · ⤓ 990 PDF
FY2022$0 revenue · ⤓ 990 PDF
FY2021$620K revenue · viewing · ⤓ 990 PDF
FY2020$3.9M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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