FAMILY HERITAGE FOUNDATION INC (EIN 010638933) - 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

2002

Legal Domicile

Principal Officer

BENNETT EKANDEM

Phone

4042997766

Tax Period

2023-01-01 to 2023-12-31

FAMILY HERITAGE FOUNDATION INC, founded in 2002, is a small nonprofit in the Education sector that reported $508K in total revenue in fiscal year 2023. The organization ran a surplus of $137K, a strong 27% operating margin.

Mission

BUILDING SAFER COMMUNITIES AND STRONGER FAMILIES WITH THE MESSAGE OF HOPE.

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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 $504,949

Program Service Revenue $0

Investment Income $3,530

Other Revenue $0

TOTAL REVENUE $508,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $131,952

Fundraising Expenses $9,844

Program Expenses $300,966

Other Expenses $239,904

TOTAL EXPENSES $371,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$508,479	$525,041	0.0%
Expenses	$371,856	$443,001	-0.2%
Net Income	$136,623	$82,040	+0.7%

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

144

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

$47,443

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENNETT EKANDEM	EXECUTIVE DI	40.00	Director	$47,443	$0	$47,443
GRANT GOODWIN	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUG KROHN	BOARD MEMBER	2.00	Director	$0	$0	$0
CHANTAL MUCYO	BOARD MEMBER	2.00	Director	$0	$0	$0
LETRA SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
ANGELA WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPH FOWLER	BOARD CHAIR	4.00	Officer	$0	$0	$0
CHARLES MCCORD	VICE CHAIR	4.00	Officer	$0	$0	$0
CHARLES OBIEKWE	BOARD TREASU	4.00	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
2024	No data	No data	No data	No data
2023	$508,479	$371,856	$327,151	$136,623
2022	$525,041	$443,001	$185,733	$82,040
2021	$483,172	$372,522	$205,519	$110,650
2020	$387,700	$362,908	$93,281	$24,792

FAMILY HERITAGE FOUNDATION INC