ELDERCARE INITIATIVES INC

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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

2005

Legal Domicile

Principal Officer

BERNICE L BOWLER

Phone

4135389020

Tax Period

2025-01-01 to 2025-12-31

ELDERCARE INITIATIVES INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $609K in total revenue in fiscal year 2025. Expenses of $773K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO OPERATE A COMMUNITY RESIDENTIAL PROGRAM FINANCED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) UNDER SECTION 202 OF THE HOUSING ACT OF 1959.

Program Service Accomplishments

Program 1

Expenses: $571,706 Revenue: $596,306

TO OPERATE 45 HOUSING UNITS OF HOUSING FOR THE ELDERLY IN SOUTH HADLEY, MASSACHUSETTS UNDER SECTION 202 SUPPORTIVE HOUSING PROGRAM FOR THE ELDERLY, REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND...

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $596,306

Investment Income $12,319

Other Revenue $0

TOTAL REVENUE $608,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $571,706

Other Expenses $772,902

TOTAL EXPENSES $772,902

Year-over-Year Comparison

	2025	2024	Change
Revenue	$608,625	$567,291	+0.1%
Expenses	$772,902	$708,174	+0.1%
Net Income	$-164,277	$-140,883	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNICE L BOWLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
CONSTANCE A CLANCY	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICE C PATLA	TREASURER	1.00	Director	$0	$0	$0
WILLIAM SCHENKER	DIRECTOR	1.00	Director	$0	$0	$0
MARION E CALLAHAN	DIRECTOR	1.00	Director	$0	$0	$0
ROSEANN MARTOCCIA	EX-OFFICIO, NON VOTING MEM	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
2025	$608,625	$772,902	$4,902,181	$-164,277
2024	$567,291	$708,174	$5,031,750	$-140,883
2023	$572,354	$671,819	$5,153,165	$-99,465
2022	$513,540	$713,095	$5,260,713	$-199,555
2021	$517,088	$677,919	$5,459,230	$-160,831
2020	$492,946	$683,232	$5,613,304	$-190,286
2019	$475,265	$648,203	$5,797,638	$-172,938
2018	$464,533	$604,898	$5,962,682	$-140,365