ENRICHED RESOURCES FOR THE INDEPENDENT ELDERLY INC (EIN 161163209) - 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

MAGGIE CALLI

Phone

3154691300

Tax Period

2023-01-01 to 2023-12-31

ENRICHED RESOURCES FOR THE INDEPENDENT ELDERLY INC, founded in 1984, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $930K left a modest 8% surplus.

Mission

THE ORGANIZAION PROVIDES ENRICHED HOUSING RESOURCES TO LOW INCOME TENANTS. THIS PROGRAM ENABLES RESIDENTS TO RESIDE IN THEIR OWN APARTMENTS AND REMAIN INDEPENDENT VERSUS NURSING HOME PLACEMENT. SERVICES PROVIDED INCLUDE SOCIAL SERVICES, MEALS, MEDICATION MANAGEMENT, HOUSEKEEPING, PERSONAL CARE AND RESIDENT ACTIVITIES.

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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 $338,558

Program Service Revenue $674,035

Investment Income $0

Other Revenue $306

TOTAL REVENUE $1,012,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $414,423

Fundraising Expenses $0

Program Expenses $701,660

Other Expenses $515,305

TOTAL EXPENSES $929,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,012,899	$764,059	+0.3%
Expenses	$929,728	$851,158	+0.1%
Net Income	$83,171	$-87,099	-2.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE EDMUNDS SMITH	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOHN BERGEMANN	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN RANDALL	FINANCE CHAIR	1.00	Director	$0	$0	$0
JORDAN JENNINGS	QUALITY CHAIR	1.00	Director	$0	$0	$0
KAREN DABROWSKI	DIRECTOR	1.00	Director	$0	$0	$0
BRANDY HARVEY	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN HEATH	DIRECTOR	1.00	Director	$0	$0	$0
JULIANNE HIMES	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$1,012,899	$929,728	$159,047	$83,171

ENRICHED RESOURCES FOR THE INDEPENDENT ELDERLY INC