THE HEAT AND WARMTH FUND (EIN 382646924) - 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

1985

Legal Domicile

Principal Officer

TANYA HILL

Phone

3132269465

Tax Period

2023-07-01 to 2024-06-30

THE HEAT AND WARMTH FUND, founded in 1985, is a mid-sized nonprofit that reported $13.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE LOW INCOME HOUSEHOLDS IN MICHIGAN WITH UTILITY PAYMENT ASSISTANCE WHILE PROMOTING ENERGY EFFICIENCY THROUGH EDUCATION AND SELF SUFFICIENCY THROUGH ACCESS TO WRAPAROUND SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $13,704,400

Program Service Revenue $0

Investment Income $63,009

Other Revenue $-129,769

TOTAL REVENUE $13,637,640

Expense Breakdown

Grants Paid $8,678,258

Salaries & Benefits $2,627,290

Fundraising Expenses $494,198

Program Expenses $11,617,184

Other Expenses $2,558,928

TOTAL EXPENSES $13,864,476

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,637,640	$12,469,510	+0.1%
Expenses	$13,864,476	$11,382,662	+0.2%
Net Income	$-226,836	$1,086,848	-1.2%

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

134

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

$749,299

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ROULS	BOARD MEMBER AT LARGE (END 10/23)	1.00	Director	$0	$0	$0
KATHY MAKINO-LEIPSITZ	BOARD MEMBER AT LARGE	1.00	Director	$0	$0	$0
CHRISTOPHER MOYER	BOARD MEMBER AT LARGE	1.00	Director	$0	$0	$0
ROMANO CURTI	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES DOAK	BOARD MEMBER	1.00	Director	$0	$0	$0
KATEY FORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
PAT ALEXANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT PORCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK WINTER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES BULLOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAFIQ BARI	BOARD MEMBER (BEG 4/24)	1.00	Director	$0	$0	$0
JENNIFER EBENHOEH	BOARD MEMBER (BEG 4/24)	1.00	Director	$0	$0	$0
RAYNARD JONES	BOARD MEMBER (BEG 4/24)	1.00	Director	$0	$0	$0
QUANTEZ PRESSLEY	BOARD MEMBER (BEG 4/24)	1.00	Director	$0	$0	$0
RORY GAMBLE	BOARD MEMBER (END 10/23)	1.00	Director	$0	$0	$0
LAWRENCE C GLASS JR	BOARD MEMBER (END 10/23)	1.00	Director	$0	$0	$0
DEBBIE KENYON	BOARD MEMBER (END 10/23)	1.00	Director	$0	$0	$0
DOUGLAS DETTERMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
WAYMOND HARRIS	TREASURER	1.00	Officer Director	$0	$0	$0
CEDRIC FLOWERS	VICE PRESIDENT(BEG. 4/24)	1.00	Officer Director	$0	$0	$0
TONY SAUNDERS	VICE PRESIDENT(END 3/24)	1.00	Officer Director	$0	$0	$0
TANYA HILL	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALICIA RAMON	CHIEF OPERATIONS OFFICER	45.00	Officer	$154,608	$14,219	$168,827
SAUNTEEL JENKINS	CHIEF EXECUTIVE OFFICER	45.00	Officer	$255,633	$15,500	$271,133
MOYNA MOORE	VP OF FINANCE	45.00	Officer	$114,700	$4,014	$118,714
SARAH PRUES HECKER	VP OF DEVELOPMENT	45.00	Officer	$78,760	$2,929	$81,689
CHRISTINE BEATTY	VP OF OPERATIONS	45.00	Officer	$99,250	$9,686	$108,936
PATRICIA FARERO	IT MANAGER	45.00	Highest	$115,497	$20,215	$135,712

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	$13,637,640	$13,864,476	$19,891,096	$-226,836
2023	$12,469,510	$11,382,662	$19,351,390	$1,086,848
2022	$18,370,509	$15,879,937	$17,415,432	$2,490,572
2021	$15,272,567	$12,737,460	$15,314,443	$2,535,107
2020	$11,015,598	$11,359,094	$12,551,910	$-343,496
2019	$13,873,491	$15,763,895	$12,406,021	$-1,890,404
2018	$21,488,984	$18,814,723	$14,276,880	$2,674,261

THE HEAT AND WARMTH FUND