HERITAGE PLACE OF INDIANAPOLIS INC (EIN 351436580) - 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

1978

Legal Domicile

Principal Officer

MICHAEL HEAVILON

Phone

3172836662

Tax Period

2020-07-01 to 2021-06-30

HERITAGE PLACE OF INDIANAPOLIS INC, founded in 1978, is a small nonprofit in the Housing & Shelter sector that reported $143K in total revenue in fiscal year 2020. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $169K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE AGENCY PROVIDES OLDER ADULTS WITH COMPREHENSIVE AND COORDINATED HUMAN SERVICES TO ENCOURAGE AND PROMOTE HEALTHY LIFESTYLES, INDEPENDENCE, WELL BEING AND QUALITY OF LIFE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $100,013

Program Service Revenue $5,077

Investment Income $0

Other Revenue $37,500

TOTAL REVENUE $142,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,208

Fundraising Expenses $3,963

Program Expenses $154,796

Other Expenses $32,031

TOTAL EXPENSES $169,239

Year-over-Year Comparison

	2020	2019	Change
Revenue	$142,590	$118,703	+0.2%
Expenses	$169,239	$200,055	-0.2%
Net Income	$-26,649	$-81,352	-0.7%

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

$75,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANNE SOMMERS	PRESIDENT	10.00	Officer Director	$0	$0	$0
MIKE DAVIS	IMMEDIATE PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRISTINA FUGATE	DIRECTOR	2.00	Director	$0	$0	$0
KRISTEN WRESTLER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
NOLAN TAYLOR	SECRETARY	5.00	Officer Director	$0	$0	$0
MICHAEL HEAVILON	TREASURER	5.00	Officer Director	$0	$0	$0
LIZ DONALDSON	DIRECTOR	2.00	Director	$0	$0	$0
MARGARET FRANCIS	DIRECTOR	2.00	Director	$0	$0	$0
MANOLO SANTALLA	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS WAGNER	DIRECTOR	2.00	Director	$0	$0	$0
MARYBETH WOTT	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD ALEXANDER	EXECUTIVE DIREC	40.00	Officer	$75,000	$0	$75,000

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
2021	$142,590	$169,239	$66,347	$-26,649
2019	$113,013	$230,436	$175,056	$-117,423
2018	$218,345	$196,466	$270,475	$21,879

HERITAGE PLACE OF INDIANAPOLIS INC