Havenwood-Heritage Heights Trust Fund (EIN 020366556) - 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

1982

Legal Domicile

Principal Officer

Michael A Palmieri

Phone

6032245363

Tax Period

2023-01-01 to 2023-12-31

Havenwood-Heritage Heights Trust Fund, founded in 1982, is a small nonprofit in the Human Services sector that reported $822K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $905K exceeded revenue, resulting in a 10% operating deficit.

Mission

Provide financial support to the United Church of Christ Retirement Community Inc. and its residents.

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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 $13,424

Program Service Revenue $0

Investment Income $808,483

Other Revenue $0

TOTAL REVENUE $821,907

Expense Breakdown

Grants Paid $682,525

Salaries & Benefits $0

Fundraising Expenses $25,000

Program Expenses $684,086

Other Expenses $222,166

TOTAL EXPENSES $904,691

Year-over-Year Comparison

	2023	2022	Change
Revenue	$821,907	$1,478,237	-0.4%
Expenses	$904,691	$712,400	+0.3%
Net Income	$-82,784	$765,837	-1.1%

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

$552,796

Total Directors

$382,519

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael A Palmieri CEO UCCRC	President/CEO, Ex Officio	1.00	Officer Director	$0	$44,619	$382,519
Edward R MacKay	Trustee	0.50	Director	$0	$0	$0
Mary W McLaughlin	Trustee	0.50	Director	$0	$0	$0
Lisa Snow	Trustee	0.50	Director	$0	$0	$0
John Udaloy	Trustee	0.50	Director	$0	$0	$0
Gary Woods	Trustee	0.50	Director	$0	$0	$0
Douglas S Hatfield	Chairman	0.50	Officer Director	$0	$0	$0
Tracy J Judd	VP/CFO UCCRC	1.00	Officer	$0	$6,178	$170,277

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	$821,907	$904,691	$29,724,202	$-82,784
2022	$1,478,237	$712,400	$26,540,127	$765,837
2021	$3,466,366	$770,706	$30,142,271	$2,695,660
2020	$1,618,119	$925,050	$28,028,764	$693,069
2019	$861,115	$734,897	$25,359,249	$126,218
2018	$1,617,286	$749,523	$21,348,323	$867,763

Havenwood-Heritage Heights Trust Fund