HISTORIC ERIE PRESERVATION TRUST

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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

2019

Legal Domicile

Principal Officer

THOMAS B HAGEN

Tax Period

2023-01-01 to 2023-12-31

HISTORIC ERIE PRESERVATION TRUST, founded in 2019, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $9.5M in total revenue in fiscal year 2023. Revenue surged 1457% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.9M, a strong 94% operating margin.

Mission

THE ORGANIZATION WAS FORMED TO PROVIDE SUPPORT FOR THE ERIE COMMUNITY FOUNDATION OF ERIE PENNSYLVANIA, AN EXEMPT ORGANIZATION. SPECIFIC PROGRAMS SUPPORTED INCLUDE THOSE AIMED AT THE ACQUISITION, RESTORATION, PRESERVATION, MAINTENANCE AND OPERATION OF HISTORICALLY IMPORTANT OR ARCHITECHTURELY SIGNIFICANT HOUSES, BUILDINGS, AND OTHER STRUCTURES LOCATED IN ERIE COUNTY, PENNSYLVANIA.

Program Service Accomplishments

Program 1

Expenses: $541,724 Revenue: $44,283

THE ORGANIZATION WAS FORMED TO PROVIDE SUPPORT FOR THE ERIE COMMUNITY FOUNDATION OF ERIE PENNSYLVANIA, AN EXEMPT ORGANIZATION. SPECIFIC PROGRAMS SUPPORTED INCLUDE THOSE AIMED AT THE ACQUISITION...

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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 $8,968,866

Program Service Revenue $44,283

Investment Income $453,520

Other Revenue $235

TOTAL REVENUE $9,466,904

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $541,724

Other Expenses $604,855

TOTAL EXPENSES $604,855

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,466,904	$608,196	+14.6%
Expenses	$604,855	$344,377	+0.8%
Net Income	$8,862,049	$263,819	+32.6%

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

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
THOMAS B HAGEN	CHAIRMAN/TRU	2.00	Officer Director	$0	$0	$0
D JEFFREY KIDDER	TRUSTEE	1.00	Director	$0	$0	$0
CALEB M PIFER	TRUSTEE	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
2024	No data	No data	No data	No data
2023	$9,466,904	$604,855	$12,364,722	$8,862,049
2022	$608,196	$344,377	$3,152,193	$263,819
2021	$1,139,420	$432,146	$2,829,782	$707,274
2020	$2,412,007	$295,443	$2,235,624	$2,116,564