HERITAGE MANOR INC (EIN 411874880) - 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

1997

Legal Domicile

Principal Officer

NICHOLAS KANDOLL

Phone

2183852005

Tax Period

2024-10-01 to 2025-09-30

HERITAGE MANOR INC, founded in 1997, is a small nonprofit in the Human Services sector that reported $157K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $607K represent 46 months of operating reserves.

Mission

OPERATE A 20-UNIT INDEPENDENT LIVING APARTMENT COMPLEX FOR THE PURPOSE OF PROVIDING AFFORDABLE HOUSING FOR THE LOW INCOME ELDERLY IN NEW YORK MILLS, MINNESOTA. TENANT RENTS CONSIST OF A PORTION WHICH IS BASED ON TENANT INCOME AND A PORTION THAT IS SUBSIDIZED THROUGH A RENTAL ASSISTANCE CONTRACT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 $72,370

Program Service Revenue $84,855

Investment Income $39

Other Revenue $0

TOTAL REVENUE $157,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $164,799

Other Expenses $165,999

TOTAL EXPENSES $165,999

Year-over-Year Comparison

	2024	2023	Change
Revenue	$157,264	$141,562	+0.1%
Expenses	$165,999	$177,196	-0.1%
Net Income	$-8,735	$-35,634	-0.8%

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

N/A

Volunteers

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARWIN ROBERTS	DIRECTOR	0.50	Director	$0	$0	$0
NICHOLAS KANDOLL	BOARD CHAIRM	0.50	Officer Director	$0	$0	$0
CHARLES FREDLEY	DIRECTOR	0.50	Director	$0	$0	$0
CAROLYN WALLGREN	DIRECTOR	0.50	Director	$0	$0	$0
KENNY TERVOLA	DIRECTOR	0.50	Director	$0	$0	$0
DARYLL HUWE	VICE CHAIR	0.50	Officer Director	$0	$0	$0
KAREN TERVOLA	SECRETARY/TR	0.50	Officer Director	$0	$0	$0
NORMA TUMBERG	DIRECTOR	0.50	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
2025	$157,264	$165,999	$677,189	$-8,735
2024	$141,562	$177,196	$728,727	$-35,634
2023	$167,571	$180,412	$705,155	$-12,841
2022	$159,988	$186,760	$724,659	$-26,772
2021	$143,394	$155,577	$747,050	$-12,183
2020	$140,025	$157,484	$765,251	$-17,459
2019	$147,908	$155,806	$784,421	$-7,898
2018	$124,964	$147,880	$791,338	$-22,916

HERITAGE MANOR INC