HERON'S KEY (EIN 462710915) - 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

2013

Legal Domicile

Principal Officer

AL CHAMBARD

Phone

4255568100

Tax Period

2024-01-01 to 2024-12-31

HERON'S KEY, founded in 2013, is a mid-sized nonprofit in the Housing & Shelter sector that reported $25.5M in total revenue in fiscal year 2024.

Mission

HERON'S KEY IS A LIFE PLAN RETIREMENT COMMUNITY.

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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 $63,664

Program Service Revenue $24,500,021

Investment Income $906,454

Other Revenue $0

TOTAL REVENUE $25,470,139

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,959,645

Fundraising Expenses $0

Program Expenses $19,653,486

Other Expenses $15,148,117

TOTAL EXPENSES $25,107,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,470,139	$25,833,805	0.0%
Expenses	$25,107,762	$23,872,850	+0.1%
Net Income	$362,377	$1,960,955	-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

234

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

$1,579,044

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWIGHT WHITING	CHAIR	2.00	Officer Director	$0	$0	$0
DAPHNE SCHNEIDER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DANNA VANHORN	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID HUDSON	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN COHOE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CRIST	DIRECTOR	1.00	Director	$0	$0	$0
JILL GUERNSEY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF JONES	DIRECTOR	1.00	Director	$0	$0	$0
GARY KING	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
DEWAYNE MCMULLIN	DIRECTOR	1.00	Director	$0	$0	$0
JUDY RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
LISA HARDY	PRESIDENT & CEO (THROUGH DEC 2024)	15.00	Officer	$0	$51,536	$695,453
DIANA JAMISON	CFO (THROUGH JANUARY 2024)	20.00	Officer	$0	$1,620	$107,564
KAY WALLIN VP OF MARKETING	PUBLIC RELATIONS (THROUGH JUNE 2024)	22.50	Officer	$0	$22,107	$296,069
DENISA FEDDERSEN	CFO (AS OF JANUARY 2024)	15.00	Officer	$0	$12,893	$304,136
SANDRA COOK VP OF MARKETING	& PUBLIC RELATIONS (AS OF JULY 2024)	22.50	Officer	$0	$364	$96,669
AL CHAMBARD	INTERIM CEO (AS OF NOVEMBER 2024)	15.00	Officer	$0	$0	$79,153
KAREN ROSE	HEALTH SERVICES ADMINISTRATOR	50.00	Highest	$171,610	$12,924	$184,534
STACY EDWARDS	MARKETING DIRECTOR	50.00	Highest	$147,010	$27,257	$174,267
ANGELA MCCLOSKEY	DIRECTOR OF NURSING	50.00	Highest	$149,355	$12,256	$161,611
DAWN EMERICH	REGISTERED NURSE	50.00	Highest	$108,516	$12,881	$121,397
HOLLY PHILLIPS	HEALTH SERVICES ADMINISTRATOR	50.00	Highest	$114,974	$13,720	$128,694

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	$25,470,139	$25,107,762	$139,770,393	$362,377
2023	$25,833,805	$23,872,850	$134,165,705	$1,960,955
2022	$13,896,246	$24,052,522	$131,461,991	$-10,156,276
2021	$21,024,453	$23,728,156	$136,208,870	$-2,703,703
2020	$20,479,553	$22,995,550	$137,125,251	$-2,515,997
2019	$17,260,024	$22,590,185	$143,179,248	$-5,330,161
2018	$12,858,227	$20,668,302	$155,993,217	$-7,810,075

HERON'S KEY