EASTERN CONNECTICUT HOUSING OPPORTUNITIES INC (EIN 061275523) - 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

1990

Legal Domicile

Principal Officer

JULIE SAVIN

Phone

8604478055

Tax Period

2024-01-01 to 2024-12-31

EASTERN CONNECTICUT HOUSING OPPORTUNITIES INC, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $3.7M in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $807K, a strong 22% operating margin.

Mission

EASTERN CONNECTICUT HOUSING OPPORTUNITIES, INC. IS A NON-PROFIT ORGANIZATION ORGANIZED TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME FAMILIES OF SOUTHEASTERN CONNECTICUT.

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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 $2,003,790

Program Service Revenue $2,391,834

Investment Income $-921,243

Other Revenue $236,272

TOTAL REVENUE $3,710,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $541,824

Fundraising Expenses $0

Program Expenses $2,462,490

Other Expenses $2,361,360

TOTAL EXPENSES $2,903,184

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,710,653	$4,622,035	-0.2%
Expenses	$2,903,184	$2,931,594	0.0%
Net Income	$807,469	$1,690,441	-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

$167,059

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK D WOODS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PAMELA DAYS-LUKETICH	TREASURER	1.00	Officer Director	$0	$0	$0
LORI LINDFORS	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK R OEFINGER	SECRETARY	1.00	Officer Director	$0	$0	$0
AIMEE L SEIFERT	DIRECTOR	1.00	Director	$0	$0	$0
FELIX REYES	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS ZIEGLER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MCNAMARA	DIRECTOR	1.00	Director	$0	$0	$0
JULIE SAVIN	PRESIDENT & CEO	40.00	Officer	$151,923	$15,136	$167,059
ANDREW WOODSTOCK	DIRECTOR OF REAL ESTATE DEVELOPMENT	40.00	Highest	$115,000	$0	$115,000

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	$3,710,653	$2,903,184	$14,743,158	$807,469
2023	$4,622,035	$2,931,594	$13,444,969	$1,690,441
2022	$4,163,430	$3,188,464	$10,876,513	$974,966
2021	$4,225,606	$3,128,922	$11,462,910	$1,096,684
2020	$2,603,149	$2,893,266	$10,691,054	$-290,117
2019	$3,632,380	$3,126,292	$11,676,769	$506,088
2018	$2,858,148	$2,534,641	$9,102,734	$323,507

EASTERN CONNECTICUT HOUSING OPPORTUNITIES INC