Omega Building Company (EIN 742607087) - 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

1940

Legal Domicile

Principal Officer

Sue Bornstein

Phone

5124752450

Tax Period

2023-08-01 to 2024-07-31

Omega Building Company, founded in 1940, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $404K, a strong 23% operating margin.

Mission

To hold and maintain property and housing for the benefit of Alpha Epsilon Phi - Omega Chapter and its members, a 501(c)(7) organization.

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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 $0

Program Service Revenue $1,698,916

Investment Income $31,928

Other Revenue $37,900

TOTAL REVENUE $1,768,744

Expense Breakdown

Grants Paid $0

Salaries & Benefits $377,952

Fundraising Expenses $0

Program Expenses $1,158,382

Other Expenses $987,045

TOTAL EXPENSES $1,364,997

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,768,744	$1,531,552	+0.2%
Expenses	$1,364,997	$1,173,980	+0.2%
Net Income	$403,747	$357,572	+0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sue Bornstein MD	President	10.00	Officer Director	$0	$0	$0
Maxine Smith	Director	10.00	Officer Director	$0	$0	$0
Bernard Stephanie	Treasurer	10.00	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
2024	$1,768,744	$1,364,997	$5,610,317	$403,747
2023	$1,531,552	$1,173,980	$6,046,909	$357,572
2022	$1,449,624	$938,799	$5,812,441	$510,825
2021	$1,278,588	$850,897	$5,479,732	$427,691
2020	$1,282,756	$1,089,107	$5,018,471	$193,649

Omega Building Company