METHODIST TOWERS INC

EIN: 237213451 501(c)(3) Housing & Shelter

Erie, PA

Total Revenue
$28,006
Total Expenses
$23,315
Total Assets
$651,773
Net Assets
$651,773
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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
1968
Legal Domicile
PA
Principal Officer
JAMES R REIM
Phone
8144409577
Tax Period
2024-10-01 to 2025-09-30

METHODIST TOWERS INC, founded in 1968, is a micro nonprofit in the Housing & Shelter sector that reported $28K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5K, a strong 17% operating margin.

Mission

TO PROVIDE AFFORDABLE RENTAL HOUSING AND RELATED ACTIVITIES SPECIALLY DESIGNED FOR LOW INCOME

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,959
Program Service Revenue $0
Investment Income $14,047
Other Revenue $0
TOTAL REVENUE $28,006

Expense Breakdown

Grants Paid $16,750
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $23,315
Other Expenses $6,565
TOTAL EXPENSES $23,315

Year-over-Year Comparison

2024 2023 Change
Revenue $28,006 $21,491 +0.3%
Expenses $23,315 $34,118 -0.3%
Net Income $4,691 $-12,627 -1.4%
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

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Governance

Voting Members
7
Independent Members
7
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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV ROBERT TRASK DIRECTOR 1.00
Director
$0 $0 $0
ROBERT ROGERS DIRECTOR 1.00
Director
$0 $0 $0
TRUDY SMITH DIRECTOR 1.00
Director
$0 $0 $0
DIANE WINICKI DIRECTOR 1.00
Director
$0 $0 $0
JAMES REIM PRESIDENT 1.00
Officer
$0 $0 $0
MARY CAMPBELL TREASURER 1.00
Officer
$0 $0 $0
SCOTT TOTEN SECRETARY 1.00
Officer
$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 $28,006 $23,315 $651,773 $4,691
2024 $21,491 $34,118 $636,736 $-12,627
2023 $33,758 $39,955 $649,363 $-6,197
2022 $6,868,643 $6,976,281 $655,560 $-107,638
2021 $811,089 $802,740 $825,455 $8,349
2020 $852,817 $704,893 $817,198 $147,924
2019 $709,287 $710,360 $662,776 $-1,073
2018 $744,612 $745,423 $694,875 $-811
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