GREATER ERIE AREA HABITAT FOR HUMANITY INC (EIN 251606631) - 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

1989

Legal Domicile

Principal Officer

DR ROCHE VERMAAK

Phone

8144547025

Tax Period

2024-07-01 to 2025-06-30

GREATER ERIE AREA HABITAT FOR HUMANITY INC, founded in 1989, is a small nonprofit that reported $859K in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $171K, a strong 20% operating margin.

Mission

THE GREATER ERIE AREA HABITAT FOR HUMANITY IS CHANGING LIVES AND COMMUNITIES AND BUILDING HOPE THROUGH SIMPLE, DECENT HOMEOWNERSHIP IN PARTNERSHIP WITH VOLUNTEERS AND COMMUNITY SUPPORT. FAMILIES OF THESE HOMES MUST MEET THREE QUALIFICATIONS: (1) ABILITY TO PAY; (2) WILLINGNESS TO PARTNER; AND (3) HOUSING NEED.

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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 $807,710

Program Service Revenue $87,151

Investment Income $103,017

Other Revenue $-138,473

TOTAL REVENUE $859,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $274,668

Fundraising Expenses $18,303

Program Expenses $431,033

Other Expenses $413,763

TOTAL EXPENSES $688,431

Year-over-Year Comparison

	2024	2023	Change
Revenue	$859,405	$445,541	+0.9%
Expenses	$688,431	$444,540	+0.5%
Net Income	$170,974	$1,001	+169.8%

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

731

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

$126,224

Total Directors

$126,224

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY MILKOWSKI	EXECUTIVE DIRECTOR-UNTIL SEPT 2024	40.00	Officer Director	$76,980	$10,258	$87,238
SCOTT TOTTEN	VICE-PRESIDENT	3.00	Officer Director	$0	$0	$0
JIM HAAS	SECRETARY	3.00	Officer Director	$0	$0	$0
LOU COLAIZZO	PRESIDENT	3.00	Officer Director	$0	$0	$0
THOMAS NECASTRO	PAST PRESIDENT	2.00	Director	$0	$0	$0
DR ROCHE VERMAAK	EXECUTIVE DIRECTOR -BEGINNING SEPT 2024	40.00	Officer Director	$36,850	$2,136	$38,986
DR ELISA KONIECZKO	MEMBER	3.00	Director	$0	$0	$0
ANGELA DIVER	MEMBER	3.00	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
2025	$859,405	$688,431	$5,481,886	$170,974
2024	$445,541	$444,540	$4,833,116	$1,001
2023	$955,692	$498,681	$4,802,067	$457,011
2022	$408,336	$416,752	$4,351,803	$-8,416
2022	$408,336	$416,752	$4,351,803	$-8,416
2021	$425,603	$524,794	$3,495,023	$-99,191
2020	$241,333	$520,583	$3,415,162	$-279,250
2019	$388,445	$469,737	$3,685,224	$-81,292

GREATER ERIE AREA HABITAT FOR HUMANITY INC