ERF PORT ARANSAS INC (EIN 464468454) - 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

2014

Legal Domicile

Principal Officer

PAUL D ALTHEIDE

Phone

3618819040

Tax Period

2018-09-01 to 2019-08-31

ERF PORT ARANSAS INC, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $3.0M in total revenue in fiscal year 2018. Revenue surged 62% from the prior year, signaling strong growth momentum. Net assets of $22.6M represent 92 months of operating reserves.

Mission

THIS ORGANIZATION WAS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO REAL ESTATE, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO AN ORGANIZATION EXEMPT FROM TAXATION UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE. AT THE TIME OF ITS FORMATION, THE ORGANIZATION WAS A TITLE HOLDING COMPANY OF THE ED RACHAL FOUNDATION (EIN: 74-1116595), A SECTION 501(C)(3) PRIVATE FOUNDATION. AS EXPLAINED BELOW, THE ED RACHAL FOUNDATION RESTRUCTURED ITS RELATIONSHIPS TO ITS TITLE HOLDING COMPANIES DURING THE TAXABLE YEAR; CONSEQUENTLY, THIS ORGANIZATION IS NOW A TITLE HOLDING COMPANY OF ERF REAL ESTATE, INC. (EIN: 20-2661759), A SECTION 501(C)(2) TITLE HOLDING COMPANY. ERF PORT ARANSAS, INC. REMAINS ORGANIZED AND OPERATED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO ERF REAL ESTATE, INC. ATTACHED ARE TRUE AND CORRECT COPIES OF THE CERTIFICATES OF FIL

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $14,551

Other Revenue $2,935,516

TOTAL REVENUE $2,950,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,950,067

Other Expenses $2,950,067

TOTAL EXPENSES $2,950,067

Year-over-Year Comparison

	2018	2017	Change
Revenue	$2,950,067	$1,820,345	+0.6%
Expenses	$2,950,067	$1,820,345	+0.6%
Net Income	$0	N/A	N/A

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

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

$741,741

Total Directors

$741,741

Key Employees

$511,483

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL D ALTHEIDE	PRESIDENT	2.00	Officer Director	$0	$16,699	$489,391
MYRA K MORRIS	CHIEF LEGAL	2.00	Key Emp	$0	$20,713	$318,543
JOHN P JORDAN	VICE PRESIDE	2.00	Key Emp	$0	$5,344	$192,940
KIM TYNDALL	COMPTROLLER	1.00	Highest	$0	$23,706	$125,006
E RICHARD SCHENDEL	ASST. TREASU	1.00	Officer Director	$0	$0	$64,400
DAVID L HOYER	BOARD CHAIRM	1.00	Officer Director	$0	$0	$63,800
JOHN J JOHNSON	SECRETARY/TR	1.00	Officer Director	$0	$0	$62,200
KENNETH W TRAWICK	BOARD VICE C	1.00	Officer Director	$0	$0	$61,950
KENNETH L KELLAR	DIRECTOR	1.00	Director	$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
2019	$2,950,067	$2,950,067	$22,832,259	No data
2018	$1,820,345	$1,820,345	$60,772,995	No data

ERF PORT ARANSAS INC