HESHIMA ASSOCIATION (EIN 300552847) - 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

2009

Legal Domicile

Principal Officer

JOHN PRICHARD

Phone

6305805750

Tax Period

2024-01-01 to 2024-12-31

HESHIMA ASSOCIATION, founded in 2009, is a small nonprofit in the Human Services sector that reported $864K in total revenue in fiscal year 2024. The organization ran a surplus of $168K, a strong 19% operating margin.

Mission

THROUGH THE LOVE OF JESUS CHRIST HESHIMA WILL PROVIDE A HOLISTIC ENVIRONMENT THAT INCLUDES PHYSICAL, MENTAL AND SPIRITUAL SUPPORT FOR SPECIAL NEEDS CHILDREN IN KENYA.

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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 $853,485

Program Service Revenue $0

Investment Income $10,108

Other Revenue $0

TOTAL REVENUE $863,593

Expense Breakdown

Grants Paid $509,508

Salaries & Benefits $127,534

Fundraising Expenses $64,091

Program Expenses $559,996

Other Expenses $58,428

TOTAL EXPENSES $695,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$863,593	$907,000	0.0%
Expenses	$695,470	$1,723,052	-0.6%
Net Income	$168,123	$-816,052	-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

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

$86,114

Total Directors

$86,114

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC HAGMAN	PRESIDENT	40.00	Officer Director	$0	$0	$0
TRACEY HAGMAN	VICE PRESIDENT/SECRETARY	40.00	Officer Director	$76,800	$9,314	$86,114
JOHN PRICHARD	TREASURER	1.00	Officer Director	$0	$0	$0
CINDY HOFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
RON HOEKSTRA	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL HAGMAN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS RIGHT	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	$863,593	$695,470	$1,183,178	$168,123
2023	$907,000	$1,723,052	$1,010,881	$-816,052
2022	$1,017,332	$1,023,035	$1,827,029	$-5,703
2021	$1,512,856	$834,456	$1,842,668	$678,400
2020	$738,561	$443,414	$1,162,652	$295,147
2019	$756,546	$406,827	$859,669	$349,719
2018	$1,201,356	$828,922	$519,188	$372,434

HESHIMA ASSOCIATION