BERKS ENCORE INC (EIN 231656050) - 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

1965

Legal Domicile

Principal Officer

LUANN OATMAN

Phone

6103743195

Tax Period

2024-01-01 to 2024-12-31

BERKS ENCORE INC, founded in 1965, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 13% surplus.

Mission

TO DEVELOP AGING-CONFIDENT INDIVIDUALS TO ENHANCE THEIR ABILITY TO LIVE WELL LATER IN LIFE

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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 $2,392,915

Program Service Revenue $153,197

Investment Income $260,983

Other Revenue $20,994

TOTAL REVENUE $2,828,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,560,758

Fundraising Expenses $153,095

Program Expenses $2,135,955

Other Expenses $911,600

TOTAL EXPENSES $2,472,358

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,828,089	$2,122,676	+0.3%
Expenses	$2,472,358	$2,530,223	0.0%
Net Income	$355,731	$-407,547	-1.9%

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

690

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

$132,234

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN PERATE	IMMEDIATE PAST BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ERIC WHITE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JULIA NICKEY	1ST VICE-CHAIR	1.00	Officer Director	$0	$0	$0
ALISON PALMER ESQ	2ND VICE-CHAIR	1.00	Officer Director	$0	$0	$0
ANGELA LATTANZIO	TREASURER	1.00	Officer Director	$0	$0	$0
KENNETH DEARSTYNE	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICK DOLAN	DIRECTOR	1.00	Director	$0	$0	$0
FRANK DOLE	DIRECTOR	1.00	Director	$0	$0	$0
CARL FIORINI	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT D HARROP	DIRECTOR	1.00	Director	$0	$0	$0
BRENTON HAUPT	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH S HAWKINSON PHD	DIRECTOR	1.00	Director	$0	$0	$0
DEAN C KRARAS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE KRUT	DIRECTOR	1.00	Director	$0	$0	$0
TIM MCLEOD	DIRECTOR	1.00	Director	$0	$0	$0
STEFANIE M SHIRK	DIRECTOR	1.00	Director	$0	$0	$0
CARL W STAPLES	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS K WILLIAMS CPA CFP	DIRECTOR	1.00	Director	$0	$0	$0
TANIEKA MASON	DIRECTOR	1.00	Director	$0	$0	$0
MARCELLO PETACCI	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LANNUTTI	DIRECTOR	1.00	Director	$0	$0	$0
LUANN OATMAN	PRESIDENT & CEO	35.00	Officer	$114,913	$17,321	$132,234

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	$2,828,089	$2,472,358	$5,373,410	$355,731
2023	$2,122,676	$2,530,223	$4,908,227	$-407,547
2022	$2,444,831	$2,578,862	$5,074,605	$-134,031
2021	$2,741,007	$2,329,654	$5,482,903	$411,353
2020	$2,850,379	$2,384,901	$4,713,140	$465,478
2019	$2,265,401	$2,311,328	$4,322,835	$-45,927
2018	$2,153,933	$2,247,464	$4,203,442	$-93,531

BERKS ENCORE INC