FutureHeights Inc (EIN 341948426) - 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

2002

Legal Domicile

Principal Officer

Lee Chilcote

Phone

2163201423

Tax Period

2024-01-01 to 2024-12-31

FutureHeights Inc, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $401K in total revenue in fiscal year 2024. Expenses of $375K left a modest 7% surplus.

Mission

FutureHeights seeks to inspire and facilitate collaboration and empowerment across our communities to ensure a vibrant and sustainable future for Cleveland Heights and University Heights.

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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 $247,176

Program Service Revenue $127,421

Investment Income $805

Other Revenue $26,006

TOTAL REVENUE $401,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,460

Fundraising Expenses $9,662

Program Expenses $328,401

Other Expenses $215,611

TOTAL EXPENSES $375,071

Year-over-Year Comparison

	2024	2023	Change
Revenue	$401,408	$378,629	+0.1%
Expenses	$375,071	$573,095	-0.3%
Net Income	$26,337	$-194,466	-1.1%

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

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
Harriet Applegate	Director	3.00	Director	$0	$0	$0
Charita Boseman	Director	3.00	Director	$0	$0	$0
Katherine Brown	Director	3.00	Director	$0	$0	$0
Pat Jones	Director	3.00	Director	$0	$0	$0
Alexander McEvoy	Director	3.00	Director	$0	$0	$0
Alicia Stone	Director	3.00	Director	$0	$0	$0
Matthew Wymer	Director	3.00	Director	$0	$0	$0
Darren Cross	Co-Chair	3.00	Officer	$0	$0	$0
Matt Gierke	Co-Chair	3.00	Officer	$0	$0	$0
Matthew Katz	Vice-Chair	3.00	Officer	$0	$0	$0
Melody Joy Joy Hart	Interim Treasurer	3.00	Officer	$0	$0	$0
Kristine Pagsuyoin	Previous Exec Dir	40.00	Officer	$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	$401,408	$375,071	$121,650	$26,337
2023	$378,629	$573,095	$112,350	$-194,466
2022	$535,640	$503,702	$269,663	$31,938
2021	$586,898	$462,307	$244,293	$124,591
2020	$389,637	$365,142	$110,452	$24,495
2019	$459,175	$467,368	$89,373	$-8,193
2018	$339,527	$330,164	$98,472	$9,363

FutureHeights Inc