TRI-CITIES TERRACE SOUTH C/O GOODALE & BARBIERI COMPANY (EIN 331107186) - 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

2004

Legal Domicile

Principal Officer

W RICHARD BARCHET

Phone

5093756074

Tax Period

2023-07-01 to 2024-06-30

TRI-CITIES TERRACE SOUTH C/O GOODALE & BARBIERI COMPANY, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $111K in total revenue in fiscal year 2023. Expenses of $156K exceeded revenue, resulting in a 40% operating deficit.

Mission

TO OPERATE A 14-UNIT APARTMENT COMPLEX TO PROVIDE HOUSING TO LOW-INCOME PERSONS WITH DISABILITIES.

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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 $50,457

Program Service Revenue $60,162

Investment Income $671

Other Revenue $0

TOTAL REVENUE $111,290

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $156,338

Other Expenses $156,338

TOTAL EXPENSES $156,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$111,290	$105,586	+0.1%
Expenses	$156,338	$145,445	+0.1%
Net Income	$-45,048	$-39,859	+0.1%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE 0'NEIL	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN RITTER	DIRECTOR	1.00	Director	$0	$0	$0
MARK UNDERWOOD	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BARCHET	PRESIDENT	2.00	Officer	$0	$0	$0
AL HAFFNER	TREASURER	1.00	Officer	$0	$0	$0
GERRY RITTER	SECRETARY	1.00	Officer	$0	$0	$0
ROB BARR	VICE PRESIDENT	1.00	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
2025	No data	No data	No data	No data
2024	$111,290	$156,338	$1,246,066	$-45,048
2023	$105,586	$145,445	$1,299,731	$-39,859
2022	$97,020	$152,838	$1,336,482	$-55,818
2021	$93,179	$146,884	$1,385,689	$-53,705
2020	$92,758	$127,163	$1,439,751	$-34,405
2019	$90,415	$132,720	$1,495,884	$-42,305

TRI-CITIES TERRACE SOUTH C/O GOODALE & BARBIERI COMPANY