EASTERN CAROLINA HOMELESSNESS ORG INC ECHO (EIN 830421712) - 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

2005

Legal Domicile

Principal Officer

Joey Smoak

Phone

8432131798

Tax Period

2023-01-01 to 2023-12-31

EASTERN CAROLINA HOMELESSNESS ORG INC ECHO, founded in 2005, is a mid-sized nonprofit in the Housing & Shelter sector that reported $16.8M in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.1M, a strong 18% operating margin.

Mission

Services for homeless individuals including development and maintenance of databases for the purposes of providing assistance in obtaining proper and necessary identification documents and providing temporary and permament supportive housing for homeless persons

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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 $15,570,949

Program Service Revenue $1,137,846

Investment Income $53,072

Other Revenue $0

TOTAL REVENUE $16,761,867

Expense Breakdown

Grants Paid $74,541

Salaries & Benefits $3,482,790

Fundraising Expenses $0

Program Expenses $13,240,839

Other Expenses $10,120,890

TOTAL EXPENSES $13,678,221

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,761,867	$29,477,767	-0.4%
Expenses	$13,678,221	$28,161,257	-0.5%
Net Income	$3,083,646	$1,316,510	+1.3%

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

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
Richard B Altman	Chief Financial Officer	50.00		$204,056	$0	$204,056
Joey Smoak	CHIEF EXECUTIVE OFFICER	50.00		$191,800	$0	$191,800
Terri Nardslico	Board Chair	3.00	Director	$0	$0	$0
Taylor Sweat	Director	1.00	Director	$0	$0	$0
Rainbow Russell	Secretary	2.00	Director	$0	$0	$0
Molly Keen	Vice Chair	2.00	Director	$0	$0	$0
Matt Wiseman	Director	1.00	Director	$0	$0	$0
Kevin Grant	Director	1.00	Director	$0	$0	$0
Wayne Gray	Director	4.00	Officer 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	No data	No data	No data	No data
2023	$16,761,867	$13,678,221	$8,927,638	$3,083,646
2022	$29,477,767	$28,161,257	$6,398,220	$1,316,510
2021	$13,355,938	$12,957,161	$3,922,932	$398,777
2020	$7,493,829	$6,702,774	$3,806,355	$791,055
2019	$3,901,395	$3,888,860	$465,843	$12,535
2018	$2,896,999	$2,881,391	$215,082	$15,608
2017	$2,444,187	$2,434,073	$225,905	$10,114

EASTERN CAROLINA HOMELESSNESS ORG INC ECHO