ERC FOUNDATION INC (EIN 710569731) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

CHANDRA VAUGHN

Phone

5012247200

Tax Period

2024-07-01 to 2025-06-30

ERC FOUNDATION INC, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $4.3M in total revenue in fiscal year 2018. Expenses of $4.8M exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDE ELDERLY/HANDICAPPED HOUSING AND ASSISTED LIVING SERVICES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,810

Program Service Revenue $3,392,432

Investment Income $121,348

Other Revenue $0

TOTAL REVENUE $3,517,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,451,432

Fundraising Expenses $0

Program Expenses $3,474,201

Other Expenses $2,607,541

TOTAL EXPENSES $4,058,973

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,517,590	$3,911,534	-0.1%
Expenses	$4,058,973	$4,232,854	0.0%
Net Income	$-541,383	$-321,320	+0.7%

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

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

$112,914

Total Directors

$112,914

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHANDRA VAUGHN	CEO	20.00	Officer Director	$57,586	$0	$112,914
RONALD E MEYERS	CHAIRMAN, EXEC COMMITTEE	1.00	Officer Director	$0	$0	$0
MARK LEVIN	VICE-CHAIR & TREASURER	1.00	Officer Director	$0	$0	$0
MARDI BLISSARD	SECRETARY	1.00	Officer Director	$0	$0	$0
JAN R SULLIVAN	MEMBER	1.00	Director	$0	$0	$0
ANNE LAIDLAW	MEMBER	1.00	Director	$0	$0	$0
JOHN MALLORY	MEMBER	1.00	Director	$0	$0	$0
CAROLYN MCCONE	MEMBER	1.00	Director	$0	$0	$0
J MARK DAVIS	MEMBER	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
2025	$3,517,590	$4,058,973	$6,025,607	$-541,383
2024	$3,911,534	$4,232,854	$6,807,939	$-321,320
2023	$3,452,209	$3,808,041	$7,213,794	$-355,832
2022	$3,070,870	$3,813,596	$7,863,652	$-742,726
2021	$4,332,731	$4,347,202	$9,145,932	$-14,471
2020	$4,382,169	$4,617,772	$9,367,369	$-235,603
2019	$4,347,264	$4,827,880	$9,710,483	$-480,616

ERC FOUNDATION INC