TRI-CITIES TERRACE II C/O GOODALE & BARBIERI COMPANY (EIN 460518325) - 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

2003

Legal Domicile

Principal Officer

W RICHARD BARCHET

Phone

5094596100

Tax Period

2024-07-01 to 2025-06-30

TRI-CITIES TERRACE II C/O GOODALE & BARBIERI COMPANY, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $314K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

PROVIDING AFFORDABLE HOUSING TO LOW INCOME ELDERLY RESIDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $151,744

Program Service Revenue $158,765

Investment Income $3,341

Other Revenue $0

TOTAL REVENUE $313,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,976

Fundraising Expenses $0

Program Expenses $320,232

Other Expenses $266,256

TOTAL EXPENSES $320,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$313,850	$249,082	+0.3%
Expenses	$320,232	$320,755	0.0%
Net Income	$-6,382	$-71,673	-0.9%

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 O'NEILL	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
ERCY MORSE	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	$313,850	$320,232	$2,115,042	$-6,382
2024	$249,082	$320,755	$2,064,542	$-71,673
2023	$222,678	$303,042	$2,146,935	$-80,364
2022	$216,174	$292,171	$2,220,141	$-75,997
2021	$202,870	$288,681	$2,307,675	$-85,811
2020	$213,014	$279,703	$2,384,637	$-66,689
2019	$176,917	$310,474	$2,449,554	$-133,557

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