HERON CREEK COMMUNITY FOUNDATION (EIN 273027214) - 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

2023

Legal Domicile

Principal Officer

NICHOLAS T CIPOLLA

Phone

6312193747

Tax Period

2024-01-01 to 2024-12-31

HERON CREEK COMMUNITY FOUNDATION, founded in 2023, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $137K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Net assets of $538K represent 47 months of operating reserves.

Mission

TO IMPROVE THE QUALITY OF LIFE OF THE RESIDENTS OF NORTH PORT BY SUPPORTING QUALIFIED CAHRITABLE ORGANIZATIONS THAT SERVE THOSE IN NEED

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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 $122,112

Program Service Revenue $0

Investment Income $15,125

Other Revenue $0

TOTAL REVENUE $137,237

Expense Breakdown

Grants Paid $103,420

Salaries & Benefits $0

Fundraising Expenses $31,663

Program Expenses $103,420

Other Expenses $46,544

TOTAL EXPENSES $149,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$137,237	$91,112	+0.5%
Expenses	$149,964	$35,778	+3.2%
Net Income	$-12,727	$55,334	-1.2%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN SMITH	PRESIDENT	15.00	Director	$0	$0	$0
THOMAS FERRIS	VICE PRESIDENT	15.00	Director	$0	$0	$0
DAVE SOBECKI	SECRETARY	5.00	Director	$0	$0	$0
NICHOLAS CIPOLLA	TREASURER	15.00	Director	$0	$0	$0
ROBERT DYER	DIRECTOR	2.00	Director	$0	$0	$0
SHARON MATTHEWS	DIRECTOR	2.00	Director	$0	$0	$0
MARIA RINALDO	DIRECTOR	1.00	Director	$0	$0	$0
CAROL KANTOR	DIRECTOR	2.00	Director	$0	$0	$0
PAUL STEBBING	DIRECTOR	1.00	Director	$0	$0	$0
ONA LEE SWAIN	DIRECTOR	1.00	Director	$0	$0	$0
PATTY WEGNER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM BAY	DIRECTOR	1.00	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
2024	$137,237	$149,964	$537,712	$-12,727
2023	No data	No data	No data	No data

HERON CREEK COMMUNITY FOUNDATION