ECONOMIC OPPORTUNITY COUNCIL OF SUFFOLK INC (EIN 112141197) - 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

1967

Legal Domicile

Principal Officer

ADRIAN FASSETT

Phone

6312892124

Tax Period

2024-01-01 to 2024-12-31

ECONOMIC OPPORTUNITY COUNCIL OF SUFFOLK INC, founded in 1967, is a mid-sized nonprofit in the Community Improvement sector that reported $33.8M in total revenue in fiscal year 2024. Expenses of $32.3M left a modest 4% surplus.

Mission

EOC'S MISSION IS TO PROMOTE A GOAL OF SELF-SUFFICIENCY BY BROADENING THE MINDS OF CHILDREN, REVITALIZING COMMUNITIES, AND ASSISTING FAMILIES AND CHILDREN IN NEED THROUGH THE PROVISION OF SERVICES AND COORDINATION OF AVAILABLE FEDERAL, STATE, LOCAL AND PRIVATE RESOURCES TO PROVIDE MOTIVATION NECESSARY FOR SELF-SUFFICIENCY.

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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 $10,632,783

Program Service Revenue $22,691,698

Investment Income $214,058

Other Revenue $258,810

TOTAL REVENUE $33,797,349

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,985,644

Fundraising Expenses $0

Program Expenses $30,943,160

Other Expenses $13,319,232

TOTAL EXPENSES $32,304,876

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,797,349	$32,796,846	+0.0%
Expenses	$32,304,876	$29,078,225	+0.1%
Net Income	$1,492,473	$3,718,621	-0.6%

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

844

Volunteers

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

$1,312,796

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SONDRA PALMER RANDALL	CHAIRPERSON	3.00	Officer Director	$0	$0	$0
FREDERICK COMBS	VICE-CHAIRPERSON	3.00	Officer Director	$0	$0	$0
JOSEPH ANIDI	TREASURER	3.00	Officer Director	$0	$0	$0
MARK T GAGEN CLU CHFC	SECRETARY	3.00	Officer Director	$0	$0	$0
MONICA BYNOE	FINANCE COMMITTEE	3.00	Director	$0	$0	$0
ANNE STEWART	DIRECTOR	3.00	Director	$0	$0	$0
JANICE EULAU	DIRECTOR	3.00	Director	$0	$0	$0
LIZABETH CARRILLO	DIRECTOR	3.00	Director	$0	$0	$0
DANIEL COPPPOLA	DIRECTOR	3.00	Director	$0	$0	$0
ADRIAN FASSETT	CEO	50.00	Officer	$634,164	$122,526	$756,690
SONGHI DAVIS	CFO	45.00	Officer	$308,018	$68,317	$376,335
SIMONE HOLDER	COO	40.00	Officer	$170,261	$9,510	$179,771
STEPHANIE LOEHR	EXECUTIVE ASSISTANT	40.00	Highest	$140,718	$12,224	$152,942
CYNTHIA AMATO	DIRECTOR OF YOUTH & ADOLESCENTS	40.00	Highest	$120,001	$7,417	$127,418
ANGELA HARMON	EMPLOYEE	40.00	Highest	$132,655	$27,051	$159,706

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	$33,797,349	$32,304,876	$16,289,027	$1,492,473
2023	$32,796,846	$29,078,225	$15,370,613	$3,718,621
2022	$23,572,665	$23,012,856	$12,995,233	$559,809
2021	$18,971,000	$18,418,514	$6,210,341	$552,486
2020	$19,488,476	$18,637,871	$4,685,839	$850,605
2019	$17,485,458	$17,290,360	$4,344,857	$195,098
2018	$15,471,813	$15,362,833	$3,162,774	$108,980

ECONOMIC OPPORTUNITY COUNCIL OF SUFFOLK INC