Pelican House Inc (EIN 570705574) - 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

1986

Legal Domicile

Principal Officer

Dr Joseph E Heyward

Phone

8435190689

Tax Period

2023-10-01 to 2024-09-30

Pelican House Inc, founded in 1986, is a small nonprofit in the Housing & Shelter sector that reported $248K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $371K exceeded revenue, resulting in a 50% operating deficit.

Mission

Housing Assistance

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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 $93,273

Program Service Revenue $153,963

Investment Income $225

Other Revenue $553

TOTAL REVENUE $248,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,563

Fundraising Expenses $0

Program Expenses $355,639

Other Expenses $278,528

TOTAL EXPENSES $371,091

Year-over-Year Comparison

	2023	2022	Change
Revenue	$248,014	$403,480	-0.4%
Expenses	$371,091	$385,472	0.0%
Net Income	$-123,077	$18,008	-7.8%

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

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	Role	Reportable Comp	Other Comp	Total
Dr Joseph E Heyward	President	Officer Director	$0	$0	$0
Mr Edward Melton	Vice Chairman	Officer Director	$0	$0	$0
Mr Lonnie Davis	Director	Director	$0	$0	$0
Mrs Ethel Eckenstein	Director	Director	$0	$0	$0
Mrs Fotine Milligan	Director	Director	$0	$0	$0
Mr Tom Nixon	Director	Director	$0	$0	$0
Mrs Patricia T Pigatt	Director	Director	$0	$0	$0
Mrs Margie Smith	Director	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
2024	$248,014	$371,091	$964,310	$-123,077
2023	$403,480	$385,472	$1,133,893	$18,008
2022	$398,754	$343,868	$1,165,016	$54,886
2021	$397,273	$306,865	$1,207,324	$90,408
2020	$377,081	$332,241	$1,057,121	$44,840
2019	$382,838	$327,290	$1,060,920	$55,548
2018	$379,357	$319,154	$1,023,944	$60,203

Pelican House Inc