EGER HARBOR HOUSE INC (EIN 133999654) - 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

1997

Legal Domicile

Principal Officer

ANNMARIE COVONE

Phone

7189893020

Tax Period

2024-01-01 to 2024-12-31

EGER HARBOR HOUSE INC, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $5.1M in total revenue in fiscal year 2024. Expenses of $6.0M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE ORGANIZATION OPERATES A LICENSED MEDICAID ASSISTED-LIVING PROGRAM TO ELDERLY RESIDENTS.THE ORGANIZATION OPERATES A LICENSED MEDICAID ASSISTED-LIVING PROGRAM TO ELDERLY RESIDENTS OF STATEN ISLAND, NY & ITS SURROUNDING AREA REGARDLESS OF ABILITY TO PAY.

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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 $64,862

Program Service Revenue $4,984,361

Investment Income $3,617

Other Revenue $10,026

TOTAL REVENUE $5,062,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,460,965

Fundraising Expenses $0

Program Expenses $4,334,297

Other Expenses $3,506,580

TOTAL EXPENSES $5,967,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,062,866	$4,982,208	+0.0%
Expenses	$5,967,545	$5,350,301	+0.1%
Net Income	$-904,679	$-368,093	+1.5%

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

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

$481,525

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR PATRICIA TOOKER	CHAIR	1.00	Officer Director	$0	$0	$0
CYNTHIA ROBERTI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LESLIE B KASEGRANDE	SECRETARY	1.00	Officer Director	$0	$0	$0
ANNMARIE COVONE	TREASURER/CFO	1.00	Officer Director	$0	$0	$0
SCOTT LA RUE	TRUSTEE	1.00	Director	$0	$0	$0
HENRIETTE KOLE	TRUSTEE	1.00	Director	$0	$0	$0
MSGER WILLIAM BELFORD	TRUSTEE	1.00	Director	$0	$0	$0
LORRI A SENK	PRESIDENT/CEO THRU 06/24	18.00	Officer	$0	$156,526	$481,525
VINCENZA J PEARL	DIR CASE MANAGEMENT	50.00	Highest	$111,170	$0	$111,170
GARRY DELEEUWERK	FORMER SENIOR VP FOR FINANCE/CFO	0.00		$0	$1,677	$319,135

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	$5,062,866	$5,967,545	$5,476,365	$-904,679
2023	$4,982,208	$5,350,301	$5,358,181	$-368,093
2022	$4,399,568	$5,295,397	$5,839,895	$-895,829
2021	$1,243,763	$5,783,818	$7,548,241	$-4,540,055
2020	$4,885,589	$5,182,543	$8,995,714	$-296,954
2019	$5,099,530	$4,972,575	$9,995,134	$126,955
2018	$5,083,237	$5,068,800	$9,753,264	$14,437

EGER HARBOR HOUSE INC