OVERMONT CORPORATION (EIN 231922689) - 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

PETER DOULIS

Phone

2158716901

Tax Period

2022-07-01 to 2023-06-30

OVERMONT CORPORATION, founded in 1965, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2022. Revenue surged 84% from the prior year, signaling strong growth momentum. Expenses of $4.8M exceeded revenue, resulting in a 113% operating deficit.

Mission

PROVIDES HOUSING FOR STUDENTS ATTENDING PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE (PCOM).

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,221,612

Investment Income $1,852

Other Revenue $13,887

TOTAL REVENUE $2,237,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,370,071

Other Expenses $4,772,285

TOTAL EXPENSES $4,772,285

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,237,351	$1,214,645	+0.8%
Expenses	$4,772,285	$4,583,964	+0.0%
Net Income	$-2,534,934	$-3,369,319	-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

N/A

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

$2,055,851

Total Directors

$2,055,851

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH J VEIT DO	PRESIDENT	1.00	Officer Director	$0	$63,130	$854,899
PETER DOULIS CPA	EXECUTIVE VP AND CFO	1.00	Officer Director	$0	$75,638	$677,458
DAVID F SIMON	SECRETARY	1.00	Officer Director	$0	$65,107	$523,494

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,237,351	$4,772,285	$39,985,664	$-2,534,934
2022	$1,214,645	$4,583,964	$42,281,372	$-3,369,319
2021	$56,199	$2,143,603	$44,098,466	$-2,087,404
2020	$222,321	$1,429,036	$37,520,060	$-1,206,715
2019	$316,258	$1,787,390	$36,794,037	$-1,471,132
2018	$100,692	$1,175,364	$3,349,321	$-1,074,672

OVERMONT CORPORATION