ELIADA FOUNDATION INC

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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

2004

Legal Domicile

Principal Officer

ANDREW D'ONOFRIO

Phone

8282545356

Tax Period

2023-07-01 to 2024-06-30

ELIADA FOUNDATION INC, founded in 2004, is a small nonprofit in the Human Services sector that reported $281K in total revenue in fiscal year 2023. Revenue surged 172% from the prior year, signaling strong growth momentum. Expenses of $656K exceeded revenue, resulting in a 133% operating deficit.

Mission

THE FOUNDATION EXISTS AND OPERATES EXCLUSIVELY AS A SUPPORTING ORGANIZATION OF ELIADA HOMES, INC.

Program Service Accomplishments

Program 1

Expenses: $614,872

ELIADA FOUNDATION INC HOLDS ASSETS (REAL ESTATE AND INVESTMENTS) ON BEHALF OF ELIADA HOMES INC, THE FOUNDATION'S SUPPORTED ORGANIZATION. ELIADA HOMES INC SERVES CHILDREN OF NORTH CAROLINA THROUGH A...

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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 $212,700

Investment Income $68,763

Other Revenue $0

TOTAL REVENUE $281,463

Expense Breakdown

Grants Paid $350,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $614,872

Other Expenses $305,023

TOTAL EXPENSES $655,723

Year-over-Year Comparison

	2023	2022	Change
Revenue	$281,463	$103,365	+1.7%
Expenses	$655,723	$409,878	+0.6%
Net Income	$-374,260	$-306,513	+0.2%

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

$334,215

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COREEN DOBLE	CHAIR	2.00	Officer Director	$0	$0	$0
SEAN KERSCHEN	TREASURER	2.00	Officer Director	$0	$0	$0
ELAINE POTTER	SECRETARY	2.00	Officer Director	$0	$0	$0
BARBARA BRIDGES	DIRECTOR	1.00	Director	$0	$0	$0
ERIC EDGERTON	DIRECTOR	1.00	Director	$0	$0	$0
WOODY FISH	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LAWLER	DIRECTOR	1.00	Director	$0	$0	$0
KAY LOVELAND	DIRECTOR	1.00	Director	$0	$0	$0
MARY CADE MAINWARING	DIRECTOR	1.00	Director	$0	$0	$0
JEAN BAUER MCGUIRE	DIRECTOR	1.00	Director	$0	$0	$0
NANCY FRADY MOORE	DIRECTOR	1.00	Director	$0	$0	$0
LORIN G PAGE	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER THOMPSON RAINEY	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH RAND	DIRECTOR	1.00	Director	$0	$0	$0
PERRY BARTSCH JR	DIRECTOR	1.00	Director	$0	$0	$0
EMILY WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
KATE OGDEN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KING	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA D DAVIS WEST	CEO THRU 4/2	1.00	Officer	$0	$7,360	$145,395
ANDREW D'ONOFRIO	CEO	1.00	Officer	$0	$8,058	$97,350
RONALD ZIENTEK	FINANCE DIRE	1.00	Officer	$0	$7,104	$91,470

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	No data	No data	No data	No data
2024	$281,463	$655,723	$10,647,071	$-374,260
2023	$103,365	$409,878	$10,853,158	$-306,513
2022	$533,159	$414,431	$10,588,587	$118,728
2021	$135,519	$432,691	$11,313,907	$-297,172
2020	$421,384	$477,140	$11,123,076	$-55,756
2019	$214,293	$545,106	$11,449,747	$-330,813
2018	$326,608	$568,908	$11,827,496	$-242,300