Heritage Park Inc (EIN 201917219) - 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

2005

Legal Domicile

Principal Officer

Tara Goodman

Phone

9186876301

Tax Period

2025-01-01 to 2025-12-31

Heritage Park Inc, founded in 2005, is a micro nonprofit in the Housing & Shelter sector that reported $59K in total revenue in fiscal year 2025. Expenses of $89K exceeded revenue, resulting in a 52% operating deficit.

Mission

To provide elderly housing through HUD 202 Program

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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 (2025)

Revenue Breakdown

Contributions & Grants $12,169

Program Service Revenue $40,267

Investment Income $60

Other Revenue $6,020

TOTAL REVENUE $58,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,175

Fundraising Expenses $0

Program Expenses $74,476

Other Expenses $78,040

TOTAL EXPENSES $89,215

Year-over-Year Comparison

	2025	2024	Change
Revenue	$58,516	$61,311	0.0%
Expenses	$89,215	$84,789	+0.1%
Net Income	$-30,699	$-23,478	+0.3%

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

$103,317

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tara Goodman	Managing Agent	1.00	Officer	$0	$0	$103,317
Alice Smith	Chair	0.25	Officer	$0	$0	$0
Bonito Guy	Vice Chair	0.25	Officer	$0	$0	$0
Michelle Farris	Member	0.25	Director	$0	$0	$0
Martin Bebb	Member	0.25	Director	$0	$0	$0
Karen Cox	Member	0.25	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
2025	$58,516	$89,215	$639,485	$-30,699
2024	$61,311	$84,789	$668,348	$-23,478
2023	$51,797	$79,487	$690,396	$-27,690
2022	$53,187	$88,212	$709,796	$-35,025
2021	$48,619	$91,727	$732,758	$-43,108
2020	$53,541	$73,516	$760,555	$-19,975

Heritage Park Inc