HEIGHTS SCHOOLS FOUNDATION

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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

2016

Legal Domicile

Principal Officer

SUSAN CARVER

Phone

2163202203

Tax Period

2022-07-01 to 2023-06-30

HEIGHTS SCHOOLS FOUNDATION, founded in 2016, is a small nonprofit in the Education sector that reported $186K in total revenue in fiscal year 2022. Revenue fell 55% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $31K, a strong 16% operating margin.

Mission

TO ENHANCE AND ENRICH THE EDUCATIONAL EXPERIENCES OF STUDENTS OF THE CLEVELAND HTS-UNIVERSITY HTS CITY SCHOOL DISTRICT.

Program Service Accomplishments

Program 1

Expenses: $101,875

IN FY 2023, THE HEIGHTS SCHOOLS FOUNDATION CONTINUED TO PROVIDE SCHOLARSHIPS FOR GRADUATING SENIORS, ONGOING SUPPORT FOR OUR TEACHERS AND SCHOOLS AS WELL AS A WELL-ATTENDED DISTINGUISHED ALUMNI HALL OF FAME PROGRAM AND CEREMONY. IN ADDITION, THE HEIGHTS SCHOOLS FOUNDATION PROVIDED THE RESOURCES TO CREATE A PHOTOGRAPHIC TIMELINE OF THE DISTRICT SINCE ITS FOUNDING. THIS MATERIAL WAS THEN USED TO CREATE A DYNAMIC PIECE OF ART SPELLING OUT THE WORD HEIGHTS THAT IS NOW PERMANENTLY DISPLAYED IN THE HIGH SCHOOL CAFETERIA. THE FOUNDATION BOARD OF TRUSTEES MET REGULARLY AND PROVIDED ADVICE AND ASSISTANCE TO THE FOUNDATION STAFF. FUNDRAISING WAS IN FULL FORCE DURING THIS YEAR AND A NEW FUND, THE TIGER FUND FOR GRADUATING SENIORS, WAS CREATED TO PROVIDE SCHOLARSHIPS. MANY ALUMNI GAVE TO THIS FUND DURING OUR GREAT HEIGHTS GIVE BACK CAMPAIGN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $166,171

Program Service Revenue $0

Investment Income $10

Other Revenue $20,097

TOTAL REVENUE $186,278

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $64,642

Fundraising Expenses $25,535

Program Expenses $101,875

Other Expenses $50,927

TOTAL EXPENSES $155,569

Year-over-Year Comparison

	2022	2021	Change
Revenue	$186,278	$409,416	-0.5%
Expenses	$155,569	$212,179	-0.3%
Net Income	$30,709	$197,237	-0.8%

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

N/A

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

$45,833

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA SCHWARTZ LOEBEL	EXECUTIVE DI	1.00	Officer	$26,085	$0	$26,085
JULIANNA JOHNSON SENTURIA	EXEC DIRECTO	30.00	Officer	$19,748	$0	$19,748
SUSAN CARVER	PRESIDENT	1.00	Officer Director	$0	$0	$0
RACHAEL COLLYER	TRUSTEE	1.00	Director	$0	$0	$0
CARMEN DANIEL	TRUSTEE	1.00	Director	$0	$0	$0
KRISSY DIETRICH GALLAGHER	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN HAYNIE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DAN HEINTZ	TRUSTEE	1.00	Director	$0	$0	$0
JEFF JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY JONES	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH KIRBY	TRUSTEE	1.00	Director	$0	$0	$0
HANK KORNBLUT	TRUSTEE	1.00	Director	$0	$0	$0
MEGAN MCMAHON	TREASURER	1.00	Officer Director	$0	$0	$0
MATTHEW MCPHETTERS	TRUSTEE	1.00	Director	$0	$0	$0
SHANICE SETTLE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
PETER SHRIVER	SECRETARY	1.00	Officer Director	$0	$0	$0
MARGARET ROTHSCHILD SLESNICK	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
KELLY THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
KATHRYN JOSEPH	TRUSTEE	1.00		$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$186,278	$155,569	$547,404	$30,709
2022	$409,416	$212,179	$516,695	$197,237
2021	$204,998	$185,717	$382,356	$19,281
2020	$230,943	$146,718	$331,054	$84,225