ERIK 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

2018

Legal Domicile

Phone

2564388653

Tax Period

2021-01-01 to 2021-12-31

ERIK INC, founded in 2018, is a micro nonprofit in the Youth Development sector that reported $73K in total revenue in fiscal year 2021. Revenue decreased 7% compared to the prior year. Expenses of $125K exceeded revenue, resulting in a 71% operating deficit.

Mission

ERIK raises funds to contribute to children's home to help them become more self-sustaining

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

Contributed funds domestically due to inability to travel internationally due to COVID..

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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 (2021)

Revenue Breakdown

Contributions & Grants $900

Program Service Revenue $0

Investment Income $0

Other Revenue $72,038

TOTAL REVENUE $72,938

Expense Breakdown

Grants Paid $25,100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $99,459

TOTAL EXPENSES $124,559

Year-over-Year Comparison

	2021	2020	Change
Revenue	$72,938	$78,431	-0.1%
Expenses	$124,559	$32,916	+2.8%
Net Income	$-51,621	$45,515	-2.1%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Hilton	Director	10.00	Officer	$0	$0	$0
Ty Harris	Director	0.00	Officer	$0	$0	$0
Richard Dobbs	Former Director	0.00	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
2021	$72,938	$124,559	$3,151,365	$-51,621
2020	$78,431	$32,916	$3,202,307	$45,515
2019	$2,756,792	No data	$3,156,792	No data