ERS STRATEGIC PROPERTIES INC

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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

2012

Legal Domicile

Principal Officer

MARY TAYLOR

Phone

3303256369

Tax Period

2022-07-01 to 2023-06-30

ERS STRATEGIC PROPERTIES INC, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $14.7M in total revenue in fiscal year 2022. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.3M, a strong 30% operating margin.

Mission

TO ESTABLISH COMMERCIAL BUSINESS UNITS FOR THE BENEFIT AND SUPPORT OF NORTHEAST OHIO MEDICAL UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $3,790,198 Revenue: $3,243,414

APARTMENTS FOR STUDENTS, FACULTY, STAFF, AND GUESTS OF NEOMED.

Program 2

Expenses: $5,873,151 Revenue: $5,599,789

HEALTH, WELLNESS, AND MEDICAL EDUCATION BUILDING FOR NEOMED AND EXTERNAL COMMUNITY.

Program 3

Expenses: $616,111 Revenue: $1,524,852

MEDICAL OFFICE BUILDING FOR NEOMED AND EXTERNAL COMMUNITY

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,285,767

Program Service Revenue $10,368,055

Investment Income $30,800

Other Revenue $0

TOTAL REVENUE $14,684,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $230,555

Fundraising Expenses $0

Program Expenses $10,284,741

Other Expenses $10,105,015

TOTAL EXPENSES $10,335,570

Year-over-Year Comparison

	2022	2021	Change
Revenue	$14,684,622	$9,442,305	+0.6%
Expenses	$10,335,570	$10,657,835	0.0%
Net Income	$4,349,052	$-1,215,530	-4.6%

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

N/A

Employees

N/A

Volunteers

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

$926,018

Total Directors

$1,884,607

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN LANGELL	DIRECTOR	1.00	Director	$0	$39,610	$958,589
MARIA SCHIMER	CHAIR	1.00	Officer Director	$0	$41,898	$283,759
JOHN STILLIANA	VICE CHAIR	1.00	Officer Director	$0	$45,425	$243,012
JACALYN KOVACH	TREASURER	1.00	Officer Director	$0	$28,376	$141,963
MARY TAYLOR	SECRETARY/TREASURER	1.00	Officer Director	$0	$34,084	$257,284

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	No data	No data	No data	No data
2023	$14,684,622	$10,335,570	$82,727,595	$4,349,052
2022	$9,442,305	$10,657,835	$113,877,991	$-1,215,530
2021	$11,683,070	$11,368,035	$122,229,530	$315,035
2020	$9,434,707	$11,404,372	$121,548,590	$-1,969,665
2019	$8,755,316	$10,962,701	$106,634,295	$-2,207,385
2018	$8,583,387	$10,964,805	$108,034,842	$-2,381,418