HEIGHTS ARTS COLLABORATIVE INC (EIN 341962652) - 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

2000

Legal Domicile

Principal Officer

RACHEL BERNSTEIN

Phone

2163713457

Tax Period

2024-09-01 to 2025-08-31

HEIGHTS ARTS COLLABORATIVE INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $653K in total revenue in fiscal year 2024. The organization ran a surplus of $146K, a strong 22% operating margin.

Mission

TO CELEBRATE THE REGION'S LITERARY, MUSICAL AND VISUAL ARTISTS AND SHARE THEIR CONTRIBUTIONS WITH THE COMMUNITY.

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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 $525,516

Program Service Revenue $120,595

Investment Income $0

Other Revenue $7,300

TOTAL REVENUE $653,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $209,817

Fundraising Expenses $14,019

Program Expenses $429,784

Other Expenses $297,703

TOTAL EXPENSES $507,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$653,411	N/A	N/A
Expenses	$507,520	N/A	N/A
Net Income	$145,891	N/A	N/A

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

$55,769

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL BERNSTEIN	EXECUTIVE DI	40.00	Officer	$55,769	$0	$55,769
KARA HAMLEY O' DONNELL	TRUSTEE	1.00	Director	$0	$0	$0
ELLEN EOFF	TRUSTEE	1.00	Director	$0	$0	$0
LISA GOLDMAN	TRUSTEE	1.00	Director	$0	$0	$0
KATHRYN HARRIS	EX- OFFICIO	1.00	Director	$0	$0	$0
ERIN HORAN	TRUSTEE	1.00	Director	$0	$0	$0
LYNN IAMS	TRUSTEE	1.00	Director	$0	$0	$0
MARK LITZLER	TRUSTEE	1.00	Director	$0	$0	$0
BRAD ORTMAN	TRUSTEE	1.00	Director	$0	$0	$0
BOB SFERRA	TRUSTEE	1.00	Director	$0	$0	$0
IONA MISSITS	SECRETARY	2.00	Officer	$0	$0	$0
STEVE PRESSER	PRESIDENT	2.00	Officer	$0	$0	$0
LISA SMITH	VICE PRESIDE	2.00	Officer	$0	$0	$0
WILLIAM STIGELMAN	TREASURER	2.00	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
2025	$653,411	$507,520	$413,969	$145,891
2024	$528,073	$492,965	$308,172	$35,108
2023	$423,894	$422,381	$222,669	$1,513
2022	$378,570	$388,204	$210,010	$-9,634
2021	$459,393	$374,584	$266,439	$84,809
2020	$360,074	$373,622	$161,196	$-13,548
2019	$393,033	$415,258	$170,391	$-22,225
2018	$439,436	$433,124	$184,172	$6,312

HEIGHTS ARTS COLLABORATIVE INC