Erie Independence House Inc (EIN 237439432) - 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

1979

Legal Domicile

Principal Officer

Timothy J Finegan

Phone

8144619188

Tax Period

2022-07-01 to 2023-06-30

Erie Independence House Inc, founded in 1979, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2022. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $2.8M left a modest 11% surplus.

Mission

Erie Independence House, Inc. (EIH) exists to enhance and promote independence in people with disabilities through the provision of accessible, affordable, adaptive housing necessary for them to lead productive, independent lives. We offer wheelchair accessible housing in the Erie, PA region.Giving people with disabilities the opportunity to pursue their own interests, live their own lives, and chart their own futures. That is what EIH is all about.

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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 $2,774,834

Program Service Revenue $227,120

Investment Income $184,306

Other Revenue $0

TOTAL REVENUE $3,186,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,258,766

Fundraising Expenses $0

Program Expenses $1,989,688

Other Expenses $583,640

TOTAL EXPENSES $2,842,406

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,186,260	$2,500,506	+0.3%
Expenses	$2,842,406	$2,842,406	N/A
Net Income	$343,854	$-341,900	-2.0%

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

141

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
MARTIN PUSHCHAK	President	5.00	Officer	$0	$0	$0
Carl Berry	Secretary	2.00	Officer	$0	$0	$0
Timothy J Finegan	Vice President	2.00	Officer	$0	$0	$0
SARAH PETTYS	Treasurer	2.00	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
2023	$3,186,260	$2,842,406	$4,167,032	$343,854
2022	$2,500,506	$2,842,406	$4,167,032	$-341,900
2021	$2,895,334	$2,620,274	$4,796,880	$275,060
2020	$2,470,896	$2,704,786	$4,511,993	$-233,890
2020	$2,470,896	$2,641,222	$4,511,993	$-170,326
2019	$2,807,671	$2,650,953	$4,324,918	$156,718
2018	$2,646,365	$2,597,551	$4,084,942	$48,814

Erie Independence House Inc