DIAMOND HEIGHTS INC (EIN 421485140) - 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

2000

Legal Domicile

Principal Officer

KELLY BUTTS-ELSTON

Phone

5152438300

Tax Period

2023-07-01 to 2024-06-30

DIAMOND HEIGHTS INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $126K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $152K exceeded revenue, resulting in a 20% operating deficit.

Mission

HOUSING FOR LOW INCOME ELDERLY

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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 $58,314

Program Service Revenue $66,686

Investment Income $263

Other Revenue $941

TOTAL REVENUE $126,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $125,041

Other Expenses $151,596

TOTAL EXPENSES $151,596

Year-over-Year Comparison

	2023	2022	Change
Revenue	$126,204	$103,614	+0.2%
Expenses	$151,596	$142,103	+0.1%
Net Income	$-25,392	$-38,489	-0.3%

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

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
KELLY BUTTS-ELSTON	PRESIDENT	0.20	Officer Director	$0	$0	$0
BARBARA REDMOND	VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
ABBIE M GAFFEY	MEMBER	0.20	Director	$0	$0	$0
CANDACE PHIPPS	MEMBER	0.20	Director	$0	$0	$0
ELAINE EISELE	MEMBER	0.20	Director	$0	$0	$0
GERI JOHNSON	MEMBER	0.20	Director	$0	$0	$0
SHERRI MCDONALD	MEMBER	0.20	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	No data	No data	No data	No data
2024	$126,204	$151,596	$475,458	$-25,392
2023	$103,614	$142,103	$501,196	$-38,489
2022	$98,900	$126,127	$531,711	$-27,227
2021	$85,795	$205,730	$562,558	$-119,935
2020	$89,130	$123,625	$675,086	$-34,495
2019	$87,496	$118,232	$709,175	$-30,736

DIAMOND HEIGHTS INC