BLUE HERON FOUNDATION (EIN 412054373) - 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

2002

Legal Domicile

Principal Officer

STEFANIA MAGIDSON

Phone

3107022038

Tax Period

2023-01-01 to 2023-12-31

BLUE HERON FOUNDATION, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $288K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $438K exceeded revenue, resulting in a 52% operating deficit.

Mission

THE ORGANIZATION IS DEDICATED TO IMPROVING THE QUALITY OF LIFE OF ROMANIAN AND MOLDOVAN INSTITUTIONALIZED AND VULNERABLE YOUTH BY AWARDING THEM MERIT BASED COLLEGE SCHOLARSHIPS IN ROMANIA AND MOLDOVA.

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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 $286,444

Program Service Revenue $0

Investment Income $786

Other Revenue $406

TOTAL REVENUE $287,636

Expense Breakdown

Grants Paid $305,850

Salaries & Benefits $10,393

Fundraising Expenses $617

Program Expenses $398,697

Other Expenses $122,206

TOTAL EXPENSES $438,449

Year-over-Year Comparison

	2023	2022	Change
Revenue	$287,636	$577,654	-0.5%
Expenses	$438,449	$652,004	-0.3%
Net Income	$-150,813	$-74,350	+1.0%

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

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

$6,975

Total Directors

$10,393

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEFANIA MAGIDSON	PRESIDENT	35.00	Officer Director	$0	$0	$0
KATTY BERMEJO	TREASURER (UNTIL OCT 2023)	15.00	Officer Director	$6,975	$0	$6,975
FLORENTINA NITA ALDEN	SECRETARY	3.00	Officer Director	$0	$0	$0
ANNE KURASHIGE	DIRECTOR OF COMMUNICATIONS	8.00	Director	$3,418	$0	$3,418
SIMONA BOT MD	VP OF FUNDRAISING, WEST COAST	10.00	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	No data	No data	No data	No data
2023	$287,636	$438,449	$9,026	$-150,813
2022	$577,654	$652,004	$159,839	$-74,350
2021	$239,468	$230,095	$234,242	$9,373
2020	$250,304	$174,037	$224,497	$76,267
2019	$218,719	$227,212	$148,118	$-8,493
2018	$85,663	$182,832	$156,609	$-97,169

BLUE HERON FOUNDATION