EVERNORTH 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

2020

Legal Domicile

Principal Officer

JANET SPITLER

Phone

8028638424

Tax Period

2023-01-01 to 2023-12-31

EVERNORTH INC, founded in 2020, is a community nonprofit in the Housing & Shelter sector that reported $8.9M in total revenue in fiscal year 2023.

Mission

PRODUCE PERMANENTLY AFFORDABLE HOUSING AND ENABLE INVESTMENTS IN ECONOMIC AND COMMUNITY DEVELOPMENT TO BENEFIT RESIDENTS THROUGH PARTNERSHIPS WITH COMMUNITIES AND THE PRIVATE SECTOR.

Program Service Accomplishments

Program 1

Expenses: $7,828,870 Revenue: $8,814,608

FOSTERING LOW-INCOME HOUSING, AND COMMUNITY DEVELOPMENT, ALLEVIATION AND PREVENTATION OF COMMUNITY DETERIORATION THROUGH THE PRODUCTION AND REHABILITATION OF AFFORDABLE HOUSING AS PROVIDED IN...

FOSTERING LOW-INCOME HOUSING, AND COMMUNITY DEVELOPMENT, ALLEVIATION AND PREVENTATION OF COMMUNITY DETERIORATION THROUGH THE PRODUCTION AND REHABILITATION OF AFFORDABLE HOUSING AS PROVIDED IN INTERNAL REVENUE SERVICE REVENUE PROCEDURE 96-32 (INLUDING SPECIFICALLY THE REQUIREMENTS THAT MUST BE SATISFIED TO QUALIFY UNDER THE SAFE HARBOR OF "FACTS AND CIRCUMSTANCES" TESTS).

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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 $120,250

Program Service Revenue $8,629,730

Investment Income $175,427

Other Revenue $9,887

TOTAL REVENUE $8,935,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,544,405

Fundraising Expenses $0

Program Expenses $7,828,870

Other Expenses $2,580,209

TOTAL EXPENSES $9,124,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,935,294	$9,285,260	0.0%
Expenses	$9,124,614	$8,351,216	+0.1%
Net Income	$-189,320	$934,044	-1.2%

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

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

$642,257

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLIE BAKER	CHAIR	1.00	Officer Director	$0	$0	$0
KARA SWEENEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KARYN HALE	ASST. TREASURER	1.00	Officer Director	$0	$0	$0
CULLEN RYAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN VOGEL	DIRECTOR	1.00	Director	$0	$0	$0
AMY DEMETROWITZ	DIRECTOR	1.00	Director	$0	$0	$0
WALT GREINER	DIRECTOR	1.00	Director	$0	$0	$0
MARC LANDRY	DIRECTOR	1.00	Director	$0	$0	$0
DAVE BIRKHAHN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CLARKE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW WINTER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MILLER	DIRECTOR	1.00	Director	$0	$0	$0
KELLY LAFLAMME	DIRECTOR	1.00	Director	$0	$0	$0
MIKE ANTHONY	DIRECTOR	1.00	Director	$0	$0	$0
ANNA ADACHI-MEJIA	DIRECTOR (START 2023)	1.00	Director	$0	$0	$0
JANET SPITLER	TREASURER	40.00	Officer	$177,590	$23,120	$200,710
NANCY OWENS	PRESIDENT	40.00	Officer	$242,848	$25,711	$268,559
WILLIAM SHANAHAN	CO-PRESIDENT (FORMER 7/23)	40.00	Officer	$165,474	$7,514	$172,988
KATHY BEYER	VP - DEVELOPMENT	40.00	Highest	$175,559	$16,172	$191,731
ERIC W SCHMITT	VP - ASSET MGT	40.00	Highest	$179,911	$21,608	$201,519
SHERRIN VAIL	VICE PRESIDENT	40.00	Highest	$166,907	$16,880	$183,787
DEBORAH FLANNERY	VICE PRESIDENT	40.00	Highest	$167,213	$17,716	$184,929
JENNIFER ODGEN	VICE PRESIDENT	40.00	Highest	$162,678	$15,469	$178,147

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	$8,935,294	$9,124,614	$25,211,058	$-189,320
2022	$9,285,260	$8,351,216	$25,975,172	$934,044
2021	$8,207,006	$7,485,233	$26,020,823	$721,773