DECRO CORPORATION (EIN 330362163) - 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

TED HANDEL

Phone

4244034586

Tax Period

2023-01-01 to 2023-12-31

DECRO CORPORATION, founded in 1989, is a mid-sized nonprofit that reported $10.8M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $17.5M exceeded revenue, resulting in a 62% operating deficit.

Mission

THE CORPORATION IS TO PROVIDE AFFORDABLE, SAFE AND WELL-MAINTAINED HOUSING AND SERVICES FOR LOW-INCOME FAMILIES AND SENIORS.

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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 $1,267,034

Program Service Revenue $8,590,105

Investment Income $551,147

Other Revenue $374,346

TOTAL REVENUE $10,782,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,974,183

Fundraising Expenses $0

Program Expenses $16,841,059

Other Expenses $14,483,918

TOTAL EXPENSES $17,458,101

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,782,632	$8,085,228	+0.3%
Expenses	$17,458,101	$11,134,335	+0.6%
Net Income	$-6,675,469	$-3,049,107	+1.2%

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

$511,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTIAN VON MERKATZ	CHAIR	1.00	Officer Director	$0	$0	$0
IRENE CHOI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALEXANDER J NWEEIA	TREASURER	1.00	Officer Director	$0	$0	$0
MEG BABAKHANIAN	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL PIEROTH	DIRECTOR	1.00	Director	$0	$0	$0
J WARREN AVERY	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA RIOS	DIRECTOR	1.00	Director	$0	$0	$0
TED HANDEL	CHIEF EXECUTIVE OFFICER	1.00	Officer	$262,500	$6,300	$268,800
LAURA VANDEWEGHE	CHIEF INNOVATION OFFICER	0.20	Officer	$242,500	$0	$242,500
ERIN FOREMAN	SENIOR PROJECT MANAGER	0.20	Highest	$152,500	$7,200	$159,700
EMMANUEL CHOICE	ASSET MANAGER	0.20	Highest	$115,000	$0	$115,000
TERRI O'HARA	CONTROLLER	0.20	Highest	$142,900	$0	$142,900
NICOLE WILLICK	PROJECT MANAGER	0.20	Highest	$150,600	$0	$150,600

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	$10,782,632	$17,458,101	$254,630,842	$-6,675,469
2022	$8,085,228	$11,134,335	$213,147,486	$-3,049,107
2021	$6,831,184	$10,803,069	$174,342,355	$-3,971,885
2020	$2,987,780	$1,584,306	$9,205,675	$1,403,474
2019	$1,771,837	$1,133,219	$6,919,314	$638,618
2018	$393,891	$642,422	$5,997,364	$-248,531

DECRO CORPORATION