SEPP INC (EIN 160950820) - 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

1984

Legal Domicile

Principal Officer

ERIC WILLIAMS

Phone

6077238989

Tax Period

2024-07-01 to 2025-06-30

SEPP INC, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $844K, a strong 42% operating margin.

Mission

PROVIDING LOW-INCOME HOUSING

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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 $346,130

Program Service Revenue $1,471,117

Investment Income $124,376

Other Revenue $51,581

TOTAL REVENUE $1,993,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $403,901

Fundraising Expenses $0

Program Expenses $654,157

Other Expenses $745,076

TOTAL EXPENSES $1,148,977

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,993,204	$3,495,294	-0.4%
Expenses	$1,148,977	$1,018,670	+0.1%
Net Income	$844,227	$2,476,624	-0.7%

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

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

$186,845

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEN BASSO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HARDER	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL SCHOFIELD	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN MAURO	DIRECTOR	1.00	Director	$0	$0	$0
STACEY DUNCAN	DIRECTOR	1.00	Director	$0	$0	$0
ETHAN COOK	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER BARKER	DIRECTOR	1.00	Director	$0	$0	$0
ALEX MCLAUGHLIN	TREASURER	2.00	Officer Director	$0	$0	$0
SUSAN BROWN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MCLAUGHLIN	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
RONALD KEIBEL	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER YONKOSKI	DIRECTOR	1.00	Director	$0	$0	$0
JIM HAYES	DIRECTOR	1.00	Director	$0	$0	$0
RONALD HARTING	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
PETER MACIAK	DIRECTOR	1.00	Director	$0	$0	$0
JULIE SWEET	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM GIBSON JR	DIRECTOR	1.00	Director	$0	$0	$0
LINDA MACDONALD	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS DELLAPENNA	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
JOHN BERNARDO	EXECUTIVE DIRECTOR (FORMER)	1.00	Officer	$0	$24,344	$186,845

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	$1,993,204	$1,148,977	$9,642,243	$844,227
2024	$3,495,294	$1,018,670	$8,843,732	$2,476,624
2023	$2,515,174	$965,882	$6,485,628	$1,549,292
2022	$4,326,789	$1,214,084	$5,166,193	$3,112,705
2021	$1,996,196	$1,342,314	$4,567,908	$653,882
2020	$1,899,696	$1,430,755	$3,822,136	$468,941
2019	$1,400,096	$1,257,797	$3,376,252	$142,299

SEPP INC