ERIE COMMUNITY FOUNDATION (EIN 256032032) - 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

1971

Legal Domicile

Principal Officer

KAREN BILOWITH

Phone

8144540843

Tax Period

2023-01-01 to 2023-12-31

ERIE COMMUNITY FOUNDATION, founded in 1971, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $33.7M in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $6.8M, a strong 20% operating margin.

Mission

THE ERIE COMMUNITY FOUNDATION WORKS TO IMPROVE THE QUALITY OF LIFE FOR ALL IN OUR REGION BY EVALUATING AND ADDRESSING COMMUNITY ISSUES, BUILDING PERMANENT CHARITABLE ENDOWMENTS, AND BY PROMOTING PHILANTHROPIC AND COMMUNITY LEADERSHIP.

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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 (2023)

Revenue Breakdown

Contributions & Grants $23,150,061

Program Service Revenue $361,843

Investment Income $10,143,640

Other Revenue $77,777

TOTAL REVENUE $33,733,321

Expense Breakdown

Grants Paid $21,990,410

Salaries & Benefits $1,867,304

Fundraising Expenses $566,591

Program Expenses $23,382,689

Other Expenses $3,078,902

TOTAL EXPENSES $26,936,616

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,733,321	$68,689,242	-0.5%
Expenses	$26,936,616	$23,282,333	+0.2%
Net Income	$6,796,705	$45,406,909	-0.9%

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

347

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

$475,823

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE L LEWIS	TRUSTEE	1.00	Director	$0	$0	$0
MARCUS ATKINSON	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES KNIGHT CPA	TRUSTEE	1.00	Director	$0	$0	$0
DR DONALD BAXTER	TRUSTEE	1.00	Director	$0	$0	$0
ROBIN SCHEPPNER	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM HILBERT JR	TRUSTEE	1.00	Director	$0	$0	$0
SARAH HAGEN MCWILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID TULLIO	VICE CHAIR	5.00	Officer Director	$0	$0	$0
DEBORAH MURPHY	CHAIR	5.00	Officer Director	$0	$0	$0
JAMES WALCZAK	SECRETARY	5.00	Officer Director	$0	$0	$0
TOM TUPITZA	TRUSTEE	1.00	Director	$0	$0	$0
KARINNA VERNAZA PHD	TRUSTEE	1.00	Director	$0	$0	$0
KAREN BILOWITH	PRESIDENT	50.00	Officer	$284,500	$31,168	$315,668
BARBARA SAMBROAK	TREASURER, CFO	50.00	Officer	$148,812	$11,343	$160,155
SUSANNAH WEIS FRIGON CFP	VP OF PHILANTHROPIC SERVIC	40.00	Highest	$124,205	$36,030	$160,235
ERIN D FESSLER	VP OF MARKETING & COMMUNIT	40.00	Highest	$112,728	$33,611	$146,339
PATRICK HERR MSW	VP OF COMMUNITY IMPACT	40.00	Highest	$106,385	$17,952	$124,337

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
2024	No data	No data	No data	No data
2023	$33,733,321	$26,936,616	$364,098,561	$6,796,705
2022	$68,689,242	$23,282,333	$332,655,192	$45,406,909
2021	$41,657,029	$30,855,195	$335,610,816	$10,801,834
2020	$26,731,197	$20,059,941	$290,579,169	$6,671,256
2019	$27,775,400	$25,390,617	$259,123,488	$2,384,783
2018	$34,368,773	$24,364,344	$223,922,588	$10,004,429

ERIE COMMUNITY FOUNDATION