HERITAGE CORPORATION OF LORIS (EIN 274672527) - 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

2011

Legal Domicile

Principal Officer

MAURICE JONES

Phone

3367608100

Tax Period

2024-01-01 to 2024-12-31

HERITAGE CORPORATION OF LORIS, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $154K in total revenue in fiscal year 2024. Expenses of $265K exceeded revenue, resulting in a 72% operating deficit.

Mission

TO PROVIDE HOUSING FOR THE ELDERLY AND DISABLED.

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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 $54,550

Program Service Revenue $98,722

Investment Income $20

Other Revenue $1,028

TOTAL REVENUE $154,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $259,098

Other Expenses $264,768

TOTAL EXPENSES $264,768

Year-over-Year Comparison

	2024	2023	Change
Revenue	$154,320	$161,903	0.0%
Expenses	$264,768	$284,267	-0.1%
Net Income	$-110,448	$-122,364	-0.1%

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
MAURICE JONES	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLES BOYD POWELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LINDA HEMINGWAY	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
LESLIE H MCIVER	DIRECTOR	1.00	Director	$0	$0	$0
NATHEL MOODY	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	$154,320	$264,768	$2,268,796	$-110,448
2023	$161,903	$284,267	$2,369,297	$-122,364
2022	$148,401	$251,455	$2,481,514	$-103,054
2021	$160,377	$241,689	$2,576,435	$-81,312
2020	$154,647	$260,624	$2,659,171	$-105,977
2019	$153,940	$237,927	$2,760,341	$-83,987
2018	$163,407	$293,191	$2,844,538	$-129,784

HERITAGE CORPORATION OF LORIS