HERITAGE FARMSTEAD ASSOCIATION (EIN 237296470) - 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

1973

Legal Domicile

Principal Officer

M'LOU HYTTINEN

Phone

9728810140

Tax Period

2023-10-01 to 2024-09-30

HERITAGE FARMSTEAD ASSOCIATION, founded in 1973, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $266K, a strong 22% operating margin.

Mission

PRESERVE A HISTORIC TEXAS FARMSTEAD SO PEOPLE CAN EXPERIENCE AND LEARN FROM OUR AGRARIAN ROOTS

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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 $793,607

Program Service Revenue $357,177

Investment Income $179

Other Revenue $35,177

TOTAL REVENUE $1,186,140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $475,834

Fundraising Expenses $23,807

Program Expenses $747,964

Other Expenses $444,126

TOTAL EXPENSES $919,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,186,140	$973,948	+0.2%
Expenses	$919,960	$875,465	+0.1%
Net Income	$266,180	$98,483	+1.7%

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

402

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

$125,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID STOLLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRITTNEA USSERY-DANIEL	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOAN STEPHENS	TREASURER	1.00	Officer Director	$0	$0	$0
THERESA CAVER	SECRETARY	1.00	Officer Director	$0	$0	$0
JUDY AERDTS	TRUSTEE (LEFT IN 12/2023)	1.00	Director	$0	$0	$0
GARRETT ALLDREDGE	TRUSTEE	1.00	Director	$0	$0	$0
YOLANDA MCGAW	TRUSTEE	1.00	Director	$0	$0	$0
SUZANNE DROTMAN	TRUSTEE	1.00	Director	$0	$0	$0
GNASH NARAYAN	TRUSTEE (LEFT IN 4/2023)	1.00	Director	$0	$0	$0
GLORIANE FERNANDEZ	TRUSTEE	1.00	Director	$0	$0	$0
LUKE SHERTZER	TRUSTEE	1.00	Director	$0	$0	$0
SARAH WELLS MACIAS	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY WILSON	TRUSTEE	1.00	Director	$0	$0	$0
COURTNEY ECHOLS	TRUSTEE	1.00	Director	$0	$0	$0
DEBBIE HAYWARD	TRUSTEE	0.50	Director	$0	$0	$0
M'LOU HYTTINEN	EXECUTIVE DIRECTOR	40.00	Officer	$125,000	$0	$125,000

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	No data	No data	No data	No data
2024	$1,186,140	$919,960	$1,567,589	$266,180
2023	$973,948	$875,465	$1,238,903	$98,483
2022	$924,475	$839,376	$1,143,025	$85,099
2021	$791,650	$658,384	$1,051,028	$133,266
2020	$762,023	$765,996	$885,887	$-3,973
2019	$791,947	$799,464	$891,731	$-7,517
2018	$756,964	$749,445	$902,931	$7,519

HERITAGE FARMSTEAD ASSOCIATION