HERITAGE FOUNDATION (EIN 411275875) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

Principal Officer

Terry Soltvedt

Phone

2184362699

Tax Period

2024-01-01 to 2024-12-31

HERITAGE FOUNDATION, founded in 1976, is a small nonprofit that reported $187K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $231K exceeded revenue, resulting in a 24% operating deficit.

Mission

K-12 RELIGIOUS SCHOOL

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $98,738

Program Service Revenue $88,038

Investment Income $28

Other Revenue $0

TOTAL REVENUE $186,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $166,372

Fundraising Expenses $0

Program Expenses $226,458

Other Expenses $64,681

TOTAL EXPENSES $231,053

Year-over-Year Comparison

	2024	2023	Change
Revenue	$186,804	$253,316	-0.3%
Expenses	$231,053	$215,439	+0.1%
Net Income	$-44,249	$37,877	-2.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$15,015

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK HANSON	ADMINISTRATOR	20.00	Key Emp	$15,015	$0	$15,015
RON ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
BRRYAR KLOPP	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN WIKSTROM	CHAIRMAN	2.00	Officer Director	$0	$0	$0
KURT AAKRE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MITCH STEIEN	SECRETARY	1.00	Officer Director	$0	$0	$0
TERRY SOLTVEDT	TREASURER	2.00	Officer Director	$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	$186,804	$231,053	$134,708	$-44,249
2023	$253,316	$215,439	$178,957	$37,877
2022	$228,919	$231,617	$141,080	$-2,698
2021	$209,341	$184,506	$143,778	$24,835
2020	$167,624	$169,959	$118,943	$-2,335
2019	$192,692	$153,876	$121,278	$38,816
2018	$197,097	$177,334	$82,462	$19,763

HERITAGE FOUNDATION