EPISCOPAL APARTMENTS OF THE SLATE BELT INC (EIN 232137028) - 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

1981

Legal Domicile

Principal Officer

DAVID CERAUL

Phone

4845536867

Tax Period

2022-07-01 to 2023-06-30

EPISCOPAL APARTMENTS OF THE SLATE BELT INC, founded in 1981, is a community nonprofit in the Housing & Shelter sector that reported $4.7M in total revenue in fiscal year 2022. Revenue surged 301% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.0M, a strong 86% operating margin.

Mission

LOW INCOME HOUSING FOR THE ELDERLY OR DISABLED

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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 $532,113

Investment Income $4,148,627

Other Revenue $5,178

TOTAL REVENUE $4,685,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,994

Fundraising Expenses $0

Program Expenses $488,074

Other Expenses $450,194

TOTAL EXPENSES $674,188

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,685,918	$1,168,215	+3.0%
Expenses	$674,188	$1,198,574	-0.4%
Net Income	$4,011,730	$-30,359	-133.1%

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
STEPHEN RUGGIERO	SECRETARY	5.00	Officer Director	$0	$0	$0
DAVID J CERAUL	PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHAEL NASATKA	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
PETER RUGGIERO	TREASURER	5.00	Officer Director	$0	$0	$0
RONALD DENARDO	BOARD MEMBER	5.00	Director	$0	$0	$0
ALAN GRIEME	BOARD MEMBER	5.00	Director	$0	$0	$0
LINDA GRIEME	BOARD MEMBER	5.00	Director	$0	$0	$0
ROBIN ZMODA	BOARD MEMBER	5.00	Director	$0	$0	$0
FREDERICK CURCIO	BOARD MEMBER	5.00	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
2023	$4,685,918	$674,188	$2,927,124	$4,011,730
2022	$1,168,215	$1,198,574	$1,809,901	$-30,359
2021	$1,078,935	$1,129,132	$1,910,215	$-50,197
2020	$1,052,332	$1,085,967	$2,003,737	$-33,635
2019	$1,042,556	$1,076,311	$2,066,117	$-33,755

EPISCOPAL APARTMENTS OF THE SLATE BELT INC