ERIE NIAGARA PUBLIC BENEFIT FUNDING CORP (EIN 161279747) - 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

1986

Legal Domicile

Principal Officer

TARA PACE

Phone

7168822127

Tax Period

2024-01-01 to 2024-12-31

ERIE NIAGARA PUBLIC BENEFIT FUNDING CORP, founded in 1986, is a micro nonprofit in the Health Care sector that reported $3K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $30K exceeded revenue, resulting in a 941% operating deficit.

Mission

TO FOSTER THE GROWTH AND DEVELOPMENT OF COUNSELING SERVICES TO THE PUBLIC WITHIN THE COUNTIES OF ERIE AND NIAGARA OF THE STATE OF NEW YORK.

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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 $0

Program Service Revenue $0

Investment Income $2,862

Other Revenue $0

TOTAL REVENUE $2,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,799

Other Expenses $29,799

TOTAL EXPENSES $29,799

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,862	$2,498	+0.1%
Expenses	$29,799	$34,922	-0.1%
Net Income	$-26,937	$-32,424	-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

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

$153,779

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY PALOMBO	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN FORD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUGLAS KIRKPATRICK	TREASURER	10.00	Officer Director	$0	$0	$0
BERNARD FERER	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH KAMIENIARZ	DIRECTOR	1.00	Director	$0	$0	$0
SEAN LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
NOLAN HALE	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA WELDON	CFO	10.00	Officer	$0	$0	$52,783
TARA PACE	CEO	10.00	Officer	$0	$0	$100,996

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	$2,862	$29,799	$1,138,590	$-26,937
2023	$2,498	$34,922	$1,165,528	$-32,424
2022	$19,315	$44,463	$1,197,952	$-25,148
2021	$2,141	$49,042	$1,236,844	$-46,901
2020	$144,112	$80,205	$1,296,588	$63,907
2019	$58,117	$137,309	$1,233,702	$-79,192
2018	$172,184	$153,666	$1,392,515	$18,518

ERIE NIAGARA PUBLIC BENEFIT FUNDING CORP