AERIS INSIGHT INC

EIN: 454135784 501(c)(3) Community Improvement

PHILADELPHIA, PA

Total Revenue
$2,442,872
Total Expenses
$3,490,629
Total Assets
$1,609,381
Net Assets
$616,762
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
PA
Principal Officer
PAIGE CHAPEL
Phone
2672335150
Tax Period
2023-01-01 to 2023-12-31

AERIS INSIGHT INC, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $3.5M exceeded revenue, resulting in a 43% operating deficit.

Mission

AERIS STRIVES TO INCREASE THE FLOW OF CAPITAL BENEFITING LOW-INCOME AND DISADVANTAGED PEOPLE AND COMMUNITIES BY CREATING GREATER TRANSPARENCY AND ACCOUNTABILITY AMONG MISSION-DRIVEN NONPROFITS AND ENTERPRISES. AERIS PROVIDES COMPREHENSIVE, THIRD-PARTY ANALYSIS OF COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) AND RELATED DATA AND CONTRACT SERVICES THAT AID INVESTORS AND DONORS IN THEIR INVESTMENT DECISION-MAKING. SUBSCRIBERS TO AERIS' SERVICES USE HIGHLY STANDARDIZED DATA, RATINGS, AND IN-DEPTH ANALYSIS OF A CDFI'S SOCIAL IMPACT ACTIVITIES AND FINANCIAL STRENGTH TO GUIDE INVESTMENT DECISIONS.

Program Service Accomplishments

Program 1
Expenses: $1,709,674 Revenue: $1,823,866

RATINGS - AERIS INSIGHT, INC. PROVIDES AN INDEPENDENT ASSESSMENT OF A CDFI'S IMPACT MANAGEMENT CAPACITY AND FINANCIAL STRENGTH AND PERFORMANCE. AERIS REPORTS HELP INVESTORS CONFIDENTLY ASSESS CDFIS...

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RATINGS - AERIS INSIGHT, INC. PROVIDES AN INDEPENDENT ASSESSMENT OF A CDFI'S IMPACT MANAGEMENT CAPACITY AND FINANCIAL STRENGTH AND PERFORMANCE. AERIS REPORTS HELP INVESTORS CONFIDENTLY ASSESS CDFIS THAT MATCH THEIR SOCIAL AND ENVIRONMENTAL IMPACT OBJECTIVES AND RISK PARAMETERS. DURING 2023, AERIS ISSUED RATINGS REPORTS ON 70 CDFIS, WHICH SUPPORTED INVESTMENTS BY 49 CDFI INVESTORS IN LOW-INCOME AND UNDER-SERVED COMMUNITIES ACROSS THE UNITED STATES. AS PART OF OUR RATINGS SERVICES, DURING 2023 WE LAUNCHED "PROGRAMMATIC RATINGS" THROUGH A PARTNERSHIP WITH A NATIONAL TRADE ASSOCIATION. PROGRAMMATIC RATINGS SUPPORT THE STRENGTHENING AND GROWTH OF SMALLER CDFI LOAN FUNDS THAT PROVIDE FINANCING IN THE MOST DIFFICULT TO SERVE COMMUNITIES ACROSS THE US.

Program 2
Expenses: $1,424,601 Revenue: $14,000

AERIS CLOUD/DATA PLATFORM - AERIS INSIGHT, INC. OPERATES A CLOUD-BASED DATA COLLECTION AND REPORTING SYSTEM THAT PROVIDES INVESTORS ACCESS TO QUARTERLY FINANCIAL AND IMPACT PERFORMANCE DATA ON CDFIS...

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AERIS CLOUD/DATA PLATFORM - AERIS INSIGHT, INC. OPERATES A CLOUD-BASED DATA COLLECTION AND REPORTING SYSTEM THAT PROVIDES INVESTORS ACCESS TO QUARTERLY FINANCIAL AND IMPACT PERFORMANCE DATA ON CDFIS AND THAT SUPPORTS PEER COMPARISONS AND CDFI INDUSTRY TREND ANALYSES. DURING 2023, 165 CDFIS REPORTED DATA TO THE AERIS CLOUD. THEY COLLECTIVELY MANAGE 88% OF ALL ON-BALANCE SHEET ASSETS IN THE FIELD. BY YEAR-END, 34 INVESTORS HAD ACCESSED AERIS' CDFI DATA TO INFORM THEIR INVESTMENTS IN CDFIS.

Program 3
Expenses: $13,528 Revenue: $101,000

CONSULTING SERVICES - AERIS INSIGHT, INC. OFFERS EXPANDED ASSESSMENT SERVICES FOR INVESTORS THAT COMPLEMENT ITS CORE RATINGS PRODUCT. SERVICES FOCUS ON CUSTOMIZED ASSESSMENTS OF FINANCIAL PERFORMANCE...

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CONSULTING SERVICES - AERIS INSIGHT, INC. OFFERS EXPANDED ASSESSMENT SERVICES FOR INVESTORS THAT COMPLEMENT ITS CORE RATINGS PRODUCT. SERVICES FOCUS ON CUSTOMIZED ASSESSMENTS OF FINANCIAL PERFORMANCE AND IMPACT OF A RANGE OF INVESTMENTS INTENDED TO PRODUCE POSITIVE SOCIAL AND ENVIRONMENTAL OUTCOMES IN MARGINALIZED AND LOW-INCOME COMMUNITIES. DURING 2023, AERIS PROVIDED MONITORING AND ANALYTIC SUPPORT FOR SPECIAL PROGRAMS CREATED BY INVESTORS TO SUPPORT THE DISTRIBUTION OF CAPITAL THROUGH CDFIS TO LOW-INCOME AND MINORITY COMMUNITIES THAT HAVE LIMITED ACCESS TO FINANCIAL RESOURCES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $500,000
Program Service Revenue $1,938,866
Investment Income $4,006
Other Revenue $0
TOTAL REVENUE $2,442,872

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,771,546
Fundraising Expenses $25,123
Program Expenses $3,147,803
Other Expenses $1,719,083
TOTAL EXPENSES $3,490,629

Year-over-Year Comparison

2023 2022 Change
Revenue $2,442,872 $3,015,767 -0.2%
Expenses $3,490,629 $2,646,513 +0.3%
Net Income $-1,047,757 $369,254 -3.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
16
Volunteers
10

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
4
$414,643
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PENELOPE DOUGLAS CHAIR 1.00
Officer Director
$0 $0 $0
JAMES LUM TREASURER 1.00
Officer Director
$0 $0 $0
JUSTIN CONWAY BOARD MEMBER 1.00
Director
$0 $0 $0
JIM CASSELBERRY BOARD MEMBER 1.00
Director
$0 $0 $0
VIVIENNE HSU BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID SAND BOARD MEMBER 1.00
Director
$0 $0 $0
OMAR BLAYTON BOARD MEMBER 1.00
Director
$0 $0 $0
SONJA VELEZ BOARD MEMBER 1.00
Director
$0 $0 $0
JOANNE GAN BOARD MEMBER 1.00
Director
$0 $0 $0
LIZ SESSLER BOARD MEMBER 1.00
Director
$0 $0 $0
PAIGE CHAPEL PRESIDENT & CEO 40.00
Officer
$220,000 $23,060 $243,060
KAREN SEABURY SECRETARY & DIR. RATINGS & ANALYSIS 40.00
Officer
$158,333 $13,250 $171,583
KATHY SMART-PRESTON TECHNICAL PROJECT MANAGER 40.00
Highest
$141,269 $27,518 $168,787
LAURA PELKEY DEPUTY DIRECTOR, FINANCE AND ADMINISTRATION 40.00
Highest
$107,917 $13,579 $121,496
JONATHAN SCHWARTZ DEPUTY DIRECTOR, RATINGS AND OPERATIONS 40.00
Highest
$116,284 $15,582 $131,866
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 $2,442,872 $3,490,629 $1,609,381 $-1,047,757
2022 $3,015,767 $2,646,513 $2,498,682 $369,254
2021 $3,233,391 $2,287,064 $1,992,510 $946,327
2020 $2,297,439 $2,271,888 $1,174,710 $25,551
2019 $2,448,472 $2,263,492 $880,601 $184,980
2018 $1,901,759 $2,168,952 $634,503 $-267,193
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