HERITAGE VILLAGE FOUNDATION INC

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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

1974

Legal Domicile

Principal Officer

VINCE PESCOSOLIDO

Phone

2032649644

Tax Period

2024-11-01 to 2025-10-31

HERITAGE VILLAGE FOUNDATION INC, founded in 1974, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 37% operating margin.

Mission

TO PROVIDE MEMBERS WITH RECREATIONAL FACILITIES AND RELATED ACTIVITIES.

Program Service Accomplishments

Program 1

BUS TRIPS, DANCES, AND OTHER SOCIAL AND RECREATIONAL ACTIVITIES. PROVIDE AND MAINTAIN RECREATIONAL FACILITIES. THE FOUNDATION SERVED APPROXIMATELY 4,000 MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,551,865

Investment Income $88,851

Other Revenue $55,688

TOTAL REVENUE $3,696,404

Expense Breakdown

Grants Paid $0

Salaries & Benefits $769,228

Fundraising Expenses $0

Other Expenses $1,558,328

TOTAL EXPENSES $2,327,556

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,696,404	$2,987,418	+0.2%
Expenses	$2,327,556	$2,265,083	+0.0%
Net Income	$1,368,848	$722,335	+0.9%

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

Total Directors

Key Employees

$169,549

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN MAEL	DIRECTOR	1.00	Director	$0	$0	$0
WALTER JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE HAMMOND	DIRECTOR	1.00	Director	$0	$0	$0
MARY O'DONNELL	DIRECTOR	1.00	Director	$0	$0	$0
STEVE TENNER	DIRECTOR	1.00	Director	$0	$0	$0
NINA MARION	DIRECTOR	1.00	Director	$0	$0	$0
LAURA JURASIN	DIRECTOR	1.00	Director	$0	$0	$0
RAY POPPE	DIRECTOR	1.00	Director	$0	$0	$0
KAREN ANDERSEN	DIRECTOR	1.00	Director	$0	$0	$0
YVONNE MANSFILED	DIRECTOR	1.00	Director	$0	$0	$0
ROGER KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
REGINA YANNELLO	DIRECTOR	1.00	Director	$0	$0	$0
JUDI MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
DAN MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
BILL SIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
JANE ZABORSKI	DIRECTOR	1.00	Director	$0	$0	$0
JDITH KARP	DIRECTOR	1.00	Director	$0	$0	$0
PAM GOLDMAN	DIRECTOR	1.00	Director	$0	$0	$0
DAN KENNY	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN LITTIN	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK GOLDBACH	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MCDANIEL	DIRECTOR	1.00	Director	$0	$0	$0
THERESA CALNAN	PRESIDENT	6.00	Officer	$0	$0	$0
RONALD D'UVA	VICE PRESIDENT	6.00	Officer	$0	$0	$0
VINCE PESCOCOLIDO	TREASURER	6.00	Officer	$0	$0	$0
GLORIA RAYMOND	SECRETARY	6.00	Officer	$0	$0	$0
TINA GOMES	CFO	4.00	Key Emp	$0	$0	$169,549
DANIEL DREW	ADMINISTRATOR	4.00	Highest	$0	$0	$242,213

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	$3,696,404	$2,327,556	$9,680,716	$1,368,848
2024	$2,987,418	$2,265,083	$8,234,681	$722,335
2023	$2,454,216	$2,044,958	$7,491,479	$409,258
2022	$2,199,955	$1,985,959	$7,064,810	$213,996
2021	$2,259,541	$1,881,278	$6,855,337	$378,263
2020	$2,297,640	$1,862,972	$6,975,219	$434,668
2019	$2,378,861	$1,878,976	$6,052,861	$499,885
2018	$2,317,434	$1,905,142	$5,535,796	$412,292