THE HEIGHTS FOUNDATION INC

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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

2012

Legal Domicile

Principal Officer

KATHRYN KELLY

Phone

2394827706

Tax Period

2022-07-01 to 2023-06-30

THE HEIGHTS FOUNDATION INC, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2022. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $923K, a strong 37% operating margin.

Mission

THE MISSION IS TO PROVIDE FUNDING AND RESOURCES TO THE HEIGHTS CENTER, INC., WHICH WORKS TO FUFILL THE ORIGINAL MISSION OF THE HEIGHTS FOUNDATION, INC. (FOUNDATION). HARLEM HEIGHTS IS A SEVERELY DISTRESSED COMMUNITY, WITH KIDS LIVING IN POVERTY AT TWICE THE RATE OF THE REST OF LEE COUNTY. THE SOLUTION TO POVERTY IS EDUCATION AND OPPORTUNITY. WITH YOUR HELP, WE CAN PROVIDE TUTORING FOR KIDS STRUGGLING IN SCHOOL, JOB TRAINING FOR HARD WORKING PARENTS, AND ACCESS TO LIFELONG EDUCATION AND WELLNESSCREATING AN ENTIRELY DIFFERENT FUTURE FOR FAMILIES IN OUR COMMUNITY.THE HEIGHTS FOUNDATION WORKS TO BUILD STRONG, SELF-SUFFICIENT FAMILIES IN THE HARLEM HEIGHTS NEIGHBORHOOD. OUR MISSION IS TO:- SUPPORT EDUCATION AND WELLNESS,- PROMOTE FAMILY AND COMMUNITY DEVELOPMENT, AND- PROVIDE THE BENEFITS OF ENRICHMENT AND THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $1,521,661

THE EXEMPT PURPOSE OF THE FOUNDATION IS TO SUPPORT STRONG, SELF-SUFFICIENT FAMILIES IN THE HARLEM HEIGHTS COMMUNITY. THE FOUNDATION PROVIDES FUNDING AND SUPPORT TO THE HEIGHTS CENTER. IN FISCAL YEAR 2023, THE FOUNDATION PROVIDED OVER $900,000 TO THE HEIGHTS CENTER TO SUPPORT THEIR ACTIVITIES INCLUDING HURRICANE IAN RELIEF. HARLEM HEIGHTS IS A SEVERELY DISTRESSED COMMUNITY, WITH KIDS LIVING IN POVERTY AT TWICE THE RATE OF THE REST OF LEE COUNTY. THE SOLUTION TO POVERTY IS EDUCATION AND OPPORTUNITY. WITH YOUR HELP, WE CAN PROVIDE TUTORING FOR KIDS STRUGGLING IN SCHOOL, JOB TRAINING FOR HARD WORKING PARENTS, AND ACCESS TO LIFELONG EDUCATION AND WELLNESS CREATING AN ENTIRELY DIFFERENT FUTURE FOR FAMILIES IN OUR 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 (2022)

Revenue Breakdown

Contributions & Grants $2,495,115

Program Service Revenue $0

Investment Income $6

Other Revenue $0

TOTAL REVENUE $2,495,121

Expense Breakdown

Grants Paid $909,468

Salaries & Benefits $288,172

Fundraising Expenses $18,832

Program Expenses $1,521,661

Other Expenses $374,239

TOTAL EXPENSES $1,571,879

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,495,121	$3,356,722	-0.3%
Expenses	$1,571,879	$3,750,686	-0.6%
Net Income	$923,242	$-393,964	-3.3%

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

$314,761

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAN-ERIK HUSTRULID	CHAIR	1.00	Officer Director	$0	$0	$0
ARMANDO LLECHU	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRYAN FILSON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
TRACIE BAGANS	DIRECTOR	0.50	Director	$0	$0	$0
JIM DWYER	DIRECTOR	0.50	Director	$0	$0	$0
BETSY HINDS	DIRECTOR	0.50	Director	$0	$0	$0
DOUG JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS LOPEZ	DIRECTOR	0.50	Director	$0	$0	$0
TOM LYTTON	DIRECTOR	0.50	Director	$0	$0	$0
TERI PALMER	DIRECTOR	1.50	Director	$0	$0	$0
BETH PRATHER	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN SHIMP	DIRECTOR	0.50	Director	$0	$0	$0
TERRI WADE	DIRECTOR	0.50	Director	$0	$0	$0
CARSON PEARLMAN	DIRECTOR	0.50	Director	$0	$0	$0
JAMIE FAUTZ	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN SCOTT	DIRECTOR	0.50	Director	$0	$0	$0
ALESHA WATCHOWSKI	DIRECTOR	0.50	Director	$0	$0	$0
KATHRYN KELLY	PRESIDENT/CEO	32.00	Officer	$121,066	$7,403	$158,735
JAMES SANGER	COO - THRU 10/2022	4.00	Officer	$10,184	$11,115	$112,954
DALE MAUSTELLER	DIRECTOR OF FINANCE	0.00	Officer	$0	$5,892	$43,072

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	$2,495,121	$1,571,879	$1,056,222	$923,242
2022	$3,356,722	$3,750,686	$282,061	$-393,964
2021	$1,201,087	$1,263,618	$527,175	$-62,531
2020	$1,754,974	$4,413,977	$574,379	$-2,659,003
2019	$6,354,738	$6,268,405	$3,631,682	$86,333
2018	$810,473	$776,686	$3,800,579	$33,787