Provident Resources Group Inc
98% goes to programs $0 to raise $100 Thin reserves Growing revenue
Provident Resources Group Inc is a 501(c)(3) organization based in Baton Rouge, Louisiana, registered in 2000, with $356,142,236 in FY2024 revenue. CharityIndex grades it C, and it directs about 98% of spending to programs.
5565 Bankers Ave, Baton Rouge, LA, 70808 EIN 58-2492101 Since 2000
Revenue (FY2024)
$356.1M
▲ 10.7% vs prior year
Health median: $840K
Expenses (FY2024)
$399.3M
Net assets
-$481.7M
Employees
132
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating98% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Provident Resources Group Inc: 98% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -12% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Provident Resources Group Inc: 0 mo reserves · -12% margin earns a F on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Provident Resources Group Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Provident Resources Group Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Provident resources group, inc. provides for the needs of the elderly, promotes healthy communities, serves the poor & distressed, promotes education, and lessens the burden of government.
What they do
The senior living resources division offers activities, services and programs designed to meet the special needs of the elderly, including housing and health care, within an environment that promotes the dignity and independence of the residents. our facilities offer the finest amenities along with wellness programming, daily social activities, 24/7 support and care, and educational opportunities to ensure residents enjoy optimal quality of life and peace of mind.
The government resources division pursues projects designed to lessen the burdens of government. we are committed to easing the financial and budgetary constraints of state and local governments through various means, including the development, financing, construction, management, and operation of public facilities, government buildings, and various systems of public infrastructure essential to delivering government services and supporting private sector economic activity.
Contact & location
- Address
- 5565 Bankers Ave, Baton Rouge, LA, 70808
- City
- Baton Rouge
- State
- Louisiana
- Category
- Health Care
- Subcategory
- Nursing & Home Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $79.9M (FY2013) to $356.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.6BNet assets -$481.7M
Operating margin
-12.1%
Spent more than it raised in the latest fiscal year.
Total assets
$4.1B
Total liabilities
$4.6B
Net assets
-$481.7M
Salaries & benefits
$48.2M
12% of expenses
Board members
7
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $356,142,236▲10.7% | $399,269,115▲12.6% | -$481,650,901▼9.8% | $4,079,893,848▲36.8% | 990 |
| 2023 | $321,606,429▼3.5% | $354,511,969▲5.0% | -$438,736,967▼8.1% | $2,982,926,984▲14.0% | 990 |
| 2022 | $333,234,265▲60.0% | $337,542,850▲15.0% | -$405,935,001▲1.9% | $2,617,109,061▲6.8% | 990 |
| 2021 | $208,279,870▲11.5% | $293,625,475▲12.1% | -$413,678,490▼23.7% | $2,451,136,318▲0.7% | 990 |
| 2020 | $186,723,380▼4.6% | $262,003,463▲6.2% | -$334,355,531▼32.8% | $2,434,706,219▲7.9% | 990 |
| 2019 | $195,771,889▲74.5% | $246,697,352▲73.9% | -$251,701,331▼25.8% | $2,256,380,044▲65.9% | 990 |
| 2018 | $112,207,440▼19.6% | $141,862,888▼9.7% | -$200,136,715▼15.3% | $1,360,481,175▼18.2% | 990 |
| 2017 | $139,516,213▲43.9% | $157,071,846▲33.3% | -$173,513,853▼9.2% | $1,664,107,728▲51.5% | 990 |
| 2016 | $96,942,417▼9.1% | $117,803,960▼2.7% | -$158,921,489▼10.1% | $1,098,444,944▲24.0% | 990 |
| 2015 | $106,692,083▲14.8% | $121,104,922▼1.5% | -$144,311,570▼9.1% | $885,575,014▲15.1% | 990 |
| 2014 | $92,968,682▲16.3% | $122,887,226▲16.9% | -$132,245,397▼40.9% | $769,404,198▼4.4% | 990 |
| 2013 | $79,947,220 | $105,110,510▲8.5% | -$93,880,263▼13.1% | $804,446,198▲37.4% | 990 |
| 2012 | — | $96,851,268▲41.2% | -$82,994,563▼4.3% | $585,378,760▼4.4% | 990 |
| 2011 | — | $68,577,977▲13.3% | -$79,552,878▼105% | $612,400,768▲7.6% | 990 |
| 2010 | — | $60,523,351 | -$38,845,224 | $569,038,490 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Steve Hicks — $1,082,919 (0.27% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Steve Hicks | Chairman and Chief Executive Officer | 34 | $1,082,919 |
| Christopher Hicks | President | 35 | $859,241 |
| Donovan O Hicks | Chief Legal Officer | 34 | $604,426 |
| Marla P Scannicchio | Chief Financial Officer | 38 | $551,611 |
| David Grand Jr | Chief Operating Officer | 40 | $492,707 |
| Pamela Forestier | Chief Accounting Officer | 40 | $444,821 |
| Todd Holder | Senior Vp Business Development | 40 | $347,731 |
| Jaimee Boyd | General Counsel | 40 | $275,842 |
| Phuong Nguyen | Controller | 40 | $242,280 |
| Jamey Corkern | Avp Administration | 40 | $212,962 |
| Alan Addison | Accounting Manager | 40 | $124,644 |
| Genevieve Warren | Accounting Manager | 40 | $114,571 |
| Rheba W Robertson | Assistant Secretary | 23 | $57,158 |
| Nancy H Henze | Director | 1 | $24,000 |
| Thomas E Greene III | Director | 1 | $24,000 |
| Thomas H Green III | Director | 1 | $24,000 |
| Walter Bumphus Ph D | Director | 1 | $24,000 |
| Samantha Costanzo | Director (beg 10/01/2024) | 1 | $6,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Abm Industry Groups LLC | Building Maintenance/facility Services | $1,770,728 |
| Ahvtx II LLC | Management Company | $1,228,540 |
| Corvias Management LLC | Management Company | $1,059,342 |
| Cardinal Group Management & Advisory LLC | Management Company | $1,044,264 |
| Capstone On Campus Management LLC | Management Company | $978,704 |
Grants received · $6.4M total
7 grants to Provident Resources Group Inc totaling $6.4M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Southwest Louisiana Hospital Association Inc | Sponsorship | 2024 | $100,000 |
| Southwest Louisiana Hospital Association Inc | Sponsorship | 2023 | $100,000 |
| Southwest Louisiana Hospital Association Inc | Sponsorship | 2022 | $100,000 |
| American Online Giving Foundation Inc | General support | 2022 | $50,000 |
| Southwest Louisiana Hospital Association Inc | Sponsorship | 2021 | $200,000 |
| Provident Housing Resources Inc | Charitable | 2017 | $4,820,344 |
| Provident Housing Resources Inc | See supplemental | 2014 | $994,131 |
Grants made · $25K in FY2021
1 grant totaling $25K in FY2021. All grants made by Provident Resources Group Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| L S U Foundation | General purpose | $25,000 |
Similar organizations in Health
- Health
Thibodaux Regional Health System Inc
Thibodaux, LA
$348.2M
Aannual revenue
Health
Touro Infirmary
New Orleans, LA
$367.3M
Aannual revenue
Health
Franciscan Missionaries of Our Lady Health System Inc
Baton Rouge, LA
$369.0M
Cannual revenue
- Health
Christus Health Northern Louisiana
Shreveport, LA
$333.6M
Aannual revenue
Health
Christus Health Southwestern Louisiana
Lake Charles, LA
$306.2M
Aannual revenue
- Health
Lafayette General Health System Inc
Lafayette, LA
$301.4M
Aannual revenue
Christus Health Central Louisiana
Alexandria, LA
$426.7M
Aannual revenue
Health
St Francis Medical Center Inc
Baton Rouge, LA
$433.2M
B+annual revenue
Health
Commcare Corporation
Mandeville, LA
$220.3M
Bannual revenue
- Health
University Hospital & Clinics Inc
Lafayette, LA
$189.6M
C+annual revenue
Compare Provident Resources Group Inc
Frequently asked questions
- Is Provident Resources Group Inc a legitimate nonprofit?
- Yes. Provident Resources Group Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-2492101, based in Baton Rouge, Louisiana. Donations are tax-deductible.
- What is Provident Resources Group Inc's EIN?
- Provident Resources Group Inc's Employer Identification Number (EIN) is 58-2492101.
- How much revenue does Provident Resources Group Inc report?
- Provident Resources Group Inc reported $356,142,236 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Provident Resources Group Inc's spending goes to programs?
- Provident Resources Group Inc spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Provident Resources Group Inc have?
- CharityIndex grades Provident Resources Group Inc C, based on program efficiency and fundraising cost.
- How much does Provident Resources Group Inc's highest-paid employee make?
- The highest reported compensation on Provident Resources Group Inc's latest Form 990 is $1,082,919, paid to Steve Hicks (Chairman and Chief Executive Officer).
More nonprofits in Baton Rouge
Explore more
Data for Provident Resources Group Inc (EIN 58-2492101) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.