PENATES INC (EIN 113138729) - 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

1992

Legal Domicile

Phone

6316652986

Tax Period

2024-04-01 to 2025-03-31

PENATES INC, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $2.1M left a modest 13% surplus.

Mission

The Organizations primary purpose is to operate housing shelters and provide support services for homeless individuals and families in Suffolk County.

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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 $2,459,851

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,459,851

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,657,317

Fundraising Expenses $0

Program Expenses $1,704,446

Other Expenses $477,582

TOTAL EXPENSES $2,134,899

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,459,851	$2,818,865	-0.1%
Expenses	$2,134,899	$2,389,195	-0.1%
Net Income	$324,952	$429,670	-0.2%

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

$97,012

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carol Berkowitz	Executive Director	40.00	Officer	$97,012	$0	$97,012
Marcus Maldonado	Prsident	1.00	Director	$0	$0	$0
Griselda Garcia	Treasurer	1.00	Director	$0	$0	$0
Melissa Haapenen	Secretary	2.00	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
2025	No data	No data	No data	No data
2025	$2,459,851	$2,134,899	$849,224	$324,952
2024	$2,818,865	$2,389,195	$800,590	$429,670
2023	$2,700,738	$2,438,298	$647,023	$262,440
2022	$2,541,790	$2,527,023	$306,069	$14,767
2021	$3,331,207	$3,484,042	$947,635	$-152,835
2020	$3,612,224	$3,187,854	$784,110	$424,370
2019	$3,277,267	$3,239,973	$632,913	$37,294
2018	$3,283,938	$3,394,086	$619,996	$-110,148

PENATES INC