United Church Residences of Fredonia New York (EIN 311401446) - 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

1993

Legal Domicile

Phone

7403824885

Tax Period

2023-01-01 to 2023-12-31

United Church Residences of Fredonia New York, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $532K in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $138K, a strong 26% operating margin.

Mission

To provide safe and affordable housing for low-income individuals.

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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 $191,008

Program Service Revenue $154,794

Investment Income $5,809

Other Revenue $180,589

TOTAL REVENUE $532,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,168

Fundraising Expenses $0

Program Expenses $144,796

Other Expenses $312,398

TOTAL EXPENSES $394,566

Year-over-Year Comparison

	2023	2022	Change
Revenue	$532,200	$350,955	+0.5%
Expenses	$394,566	$376,546	+0.0%
Net Income	$137,634	$-25,591	-6.4%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

$918,931

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dick Beck	Officer	0.10	Director	$0	$0	$0
Sue Ellis	Officer	0.10	Director	$0	$0	$0
Sue Shedler	Officer	0.10	Director	$0	$0	$0
Jim Henry	Officer	0.10	Director	$0	$0	$0
Tom Brownfield	Officer	0.10	Director	$0	$0	$0
Dan Busch	Officer	0.10	Director	$0	$0	$0
John Krueger	Officer	0.10	Director	$0	$0	$0
Joyce Schroer	Officer	0.10	Director	$0	$0	$0
Cathy Green	President	0.25	Officer	$0	$0	$0
John Renner	Treasury	0.25	Key Emp	$0	$34,230	$389,311
Terry Spitznagel	Secretary	0.25	Key Emp	$0	$25,046	$382,303
Daniel C Fagan Jr	Vice President	0.25	Key Emp	$0	$2,693	$147,317

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	$532,200	$394,566	$1,228,661	$137,634
2022	$350,955	$376,546	$1,053,479	$-25,591
2021	$341,062	$344,146	$1,049,925	$-3,084
2020	$345,705	$331,228	$1,028,701	$14,477
2019	$340,524	$295,588	$1,041,646	$44,936
2018	$332,334	$313,452	$988,774	$18,882

United Church Residences of Fredonia New York