THE HEIGHTS CENTER INC

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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

2012

Legal Domicile

Principal Officer

KATHRYN KELLY

Phone

2394827706

Tax Period

2024-07-01 to 2025-06-30

THE HEIGHTS CENTER INC, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $2.9M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $3.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO BUILD STRONG, SELF-SUFFICIENT FAMILIES IN HARLEM HEIGHTS COMMUNITY THROUGH EDUCATION & OPPORTUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,310,371 Revenue: $624,462

EARLY LEARNING PROGRAM: OFFERS QUALITY, DEVELOPMENTALLY APPROPRIATE CHILDCARE, AND EDUCATIONAL OPPORTUNITIES TO CHILDREN BIRTH - AGE 5. THE CHILDCARE AND EARLY LEARNING PROGRAMS SERVE OVER 80...

EARLY LEARNING PROGRAM: OFFERS QUALITY, DEVELOPMENTALLY APPROPRIATE CHILDCARE, AND EDUCATIONAL OPPORTUNITIES TO CHILDREN BIRTH - AGE 5. THE CHILDCARE AND EARLY LEARNING PROGRAMS SERVE OVER 80 CHILDREN.

Program 2

Expenses: $835,190

HURRICANE IAN DISASTER RELIEF: HURRICANE IAN STRUCK THE HARLEM HEIGHTS NEIGHBORHOOD AND SURROUNDING AREA ON 9/28/2022, AND THE STORM SURGE CAUSED CATASTROPHIC DAMAGE TO THE NEIGHBORHOOD. OVER 200...

HURRICANE IAN DISASTER RELIEF: HURRICANE IAN STRUCK THE HARLEM HEIGHTS NEIGHBORHOOD AND SURROUNDING AREA ON 9/28/2022, AND THE STORM SURGE CAUSED CATASTROPHIC DAMAGE TO THE NEIGHBORHOOD. OVER 200 FAMILIES WERE IN NEED OF HELP REBUILDING OR REPAIRING THEIR HOMES. BY JUNE 2023, 97% OF THE FAMILIES HAD THE WATER AND MOLD DAMAGE REMEDIATED, 64% HAD THEIR DRYWALL INSTALLED, 27% HAD THEIR KITCHEN CABINETS INSTALLED, 31% NEW FLOORS WERE INSTALLED. OUR LONG TERM GOAL IS 100% RESTORATION FROM HURRICANE IAN.

Program 3

Expenses: $358,497 Revenue: $158,205

SCHOOL SUCCESS: THE DCF-LICENSED AFTERSCHOOL PROGRAM PROVIDES ACADEMIC SUPPORT AND ENRICHMENT TO 150 CHILDREN IN GRADES K-8 EVERY SCHOOL DAY IN A PROGRAM MODELED AFTER 21ST CCLC; SUMMER CAMP PROVIDES ENRICHMENT ACTIVITIES AND ONGOING ACADEMIC SUPPORT TO 145 CHILDREN, AGES 5-15; AND POST-SECONDARY PROGRAMMING IS OFFERED SEVERAL TIMES EACH YEAR TO SUPPORT HIGH SCHOOL STUDENTS AND THEIR FAMILIES.

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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 $1,930,358

Program Service Revenue $934,401

Investment Income $0

Other Revenue $12,435

TOTAL REVENUE $2,877,194

Expense Breakdown

Grants Paid $432,422

Salaries & Benefits $2,100,841

Fundraising Expenses $92,424

Program Expenses $2,778,571

Other Expenses $689,435

TOTAL EXPENSES $3,222,698

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,877,194	$3,187,332	-0.1%
Expenses	$3,222,698	$3,084,707	+0.0%
Net Income	$-345,504	$102,625	-4.4%

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

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

$285,790

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARMANDO LLECHU	CHAIR	0.50	Officer Director	$0	$0	$0
JAN-ERIK HUSTRULID	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TOM LYTTON	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
TRACIE BAGANS	DIRECTOR	1.00	Director	$0	$0	$0
JIM DWYER	DIRECTOR	0.50	Director	$0	$0	$0
JAMIE FAUTZ	DIRECTOR	0.50	Director	$0	$0	$0
BRYAN FILSON	DIRECTOR	0.50	Director	$0	$0	$0
BETSY HINDS	DIRECTOR	0.50	Director	$0	$0	$0
DOUG JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS LOPEZ	DIRECTOR	0.50	Director	$0	$0	$0
TERI PALMER	DIRECTOR	1.50	Director	$0	$0	$0
CARSON PEARLMAN	DIRECTOR	0.50	Director	$0	$0	$0
BETH PRATHER	DIRECTOR	1.00	Director	$0	$0	$0
JAVIER SALAZAR	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN SCOTT	DIRECTOR	0.50	Director	$0	$0	$0
DAVID VAZQUEZ	DIRECTOR	0.50	Director	$0	$0	$0
TERRI WADE	DIRECTOR	0.50	Director	$0	$0	$0
ALESHA WATCHOWSKI	DIRECTOR	0.50	Director	$0	$0	$0
KATHRYN KELLY	PRESIDENT/CEO	6.00	Officer	$28,063	$9,927	$210,359
DALE MAUSTELLER	DIRECTOR OF FINANCE	23.00	Officer	$59,708	$9,856	$75,431

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	$2,877,194	$3,222,698	$382,344	$-345,504
2024	$3,187,332	$3,084,707	$508,504	$102,625
2023	$2,874,045	$2,963,627	$462,568	$-89,582
2022	$2,484,913	$1,916,294	$469,905	$568,619
2021	$1,814,384	$1,926,761	$166,972	$-112,377
2020	$1,659,599	$1,744,021	$256,150	$-84,422
2019	$1,293,297	$1,273,575	$55,675	$19,722
2018	$693,354	$620,834	$58,190	$72,520