WORLD HERITAGE INTERNATIONAL STUDENT EXCHANGE PROGRAMS INC (EIN 112542364) - 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

1980

Legal Domicile

Principal Officer

PETER HAYES

Phone

9493421777

Tax Period

2022-09-01 to 2023-08-31

WORLD HERITAGE INTERNATIONAL STUDENT EXCHANGE PROGRAMS INC, founded in 1980, is a micro nonprofit that reported $7K in total revenue in fiscal year 2022. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $154K exceeded revenue, resulting in a 1970% operating deficit.

Mission

"TO ENGAGE IN CHARITABLE AND EDUCATIONAL ACTIVITIES THAT CONTRIBUTE TO INTERNATIONAL UNDERSTANDING BY PROVIDING YOUNG PEOPLE FROM VARIOUS COUNTRIES WITH THE OPPORTUNITY TO IMPROVE THEIR KNOWLEDGE OF FOREIGN CULTURES AND LANGUAGES THROUGH ACTIVE PARTICIPATION IN FAMILY, SCHOOL AND COMMUNITY LIFE IN COUNTRIES OR REGIONS OTHER THAN THEIR OWN."

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,850

Investment Income $1,610

Other Revenue $0

TOTAL REVENUE $7,460

Expense Breakdown

Grants Paid $144,050

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $149,900

Other Expenses $10,400

TOTAL EXPENSES $154,450

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,460	$401,770	-1.0%
Expenses	$154,450	$411,320	-0.6%
Net Income	$-146,990	$-9,550	+14.4%

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
DIXIE GABOURY	CHAIR OF THE	1.00	Officer Director	$0	$0	$0
MICHELLE GARCIA SCHULMAN	PRESIDENT AN	2.00	Officer Director	$0	$0	$0
NANCY JOHNSTON FISHER	CHIEF FINANC	0.20	Officer Director	$0	$0	$0
CYNTHIA BOYCE	DIRECTOR	0.20	Director	$0	$0	$0
PETER HAYES	CHIEF OPERAT	2.00	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
2023	$7,460	$154,450	No data	$-146,990
2022	$401,770	$411,320	$212,350	$-9,550
2021	$350,440	$357,360	$327,290	$-6,920
2020	$232,450	$1,215,390	$1,316,890	$-982,940

WORLD HERITAGE INTERNATIONAL STUDENT EXCHANGE PROGRAMS INC