PENDENNIS INC (EIN 134015355) - 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

John Maltby

Phone

6316627967

Tax Period

2023-01-01 to 2023-12-31

PENDENNIS INC, founded in 1997, is a micro nonprofit in the Human Services sector that reported $10K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $5K, a strong 55% operating margin.

Mission

Pendennis supports independent living for people with Intellectual and Developmental Disabilities. We do this through Community Education, and by directly creating affordable housing independently of service provision.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,000

Program Service Revenue $0

Investment Income $0

Other Revenue $4,868

TOTAL REVENUE $9,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,320

Fundraising Expenses $0

Program Expenses $4,477

Other Expenses $3,157

TOTAL EXPENSES $4,477

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,868	$14,589	-0.3%
Expenses	$4,477	$4,563	0.0%
Net Income	$5,391	$10,026	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter Cole	President	1	Director	$0	$0	$0
David Schwartz	Secretary	1	Director	$0	$0	$0
Susannah Shore	Director	1	Director	$0	$0	$0
Shelley Klein	Director	1	Director	$0	$0	$0
Susan Platkin	Director	1	Director	$0	$0	$0
Michele Lawton	Director	0	Director	$0	$0	$0
Nicholas Tsang	Director	2	Director	$0	$0	$0
John Maltby	CFO	3	Director	$0	$0	$0
Renee Schwartz	Director	1	Director	$0	$0	$0
Kim Smith	Director	0	Director	$0	$0	$0
MZ Goodman	Director	1	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
2024	No data	No data	No data	No data
2023	$9,868	$4,477	$188,248	$5,391
2022	$14,589	$4,563	$191,333	$10,026
2021	$-6,637	$2,616	$189,525	$-9,253
2020	$8,774	$34,204	$200,783	$-25,430

PENDENNIS INC