HERITAGE SERVICES (EIN 470731254) - 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

1989

Legal Domicile

Principal Officer

RACHEL JACOBSON

Phone

4023913190

Tax Period

2024-01-01 to 2024-12-31

HERITAGE SERVICES, founded in 1989, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.6M left a modest 5% surplus.

Mission

HERITAGE SERVICES IS COMMITTED TO DEVELOPING IMPACTFUL PHILANTHROPIC PROJECTS DESIGNED TO ENRICH THE OMAHA COMMUNITY. HERITAGE SERVICES IDENTIFIES SUBSTANTIAL NEEDS OR OPPORTUNITIES WITH HIGH COMMUNITY IMPACT AND SUPPORTS THE REALIZATION OF VIABLE AND SUSTAINABLE CIVIC PROJECTS. HERITAGE WAS INVOLVED IN THE FUNDRAISING AND MANAGEMENT OF CERTAIN PROJECTS IN 2024 INCLUDING THE NEW OMAHA CENTRAL LIBRARY AND A NEW OMAHA CHILDREN'S MUSEUM AT THE RIVERFRONT IN DOWNTOWN OMAHA.

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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 $310,000

Program Service Revenue $1,203,333

Investment Income $192,011

Other Revenue $0

TOTAL REVENUE $1,705,344

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,224,756

Fundraising Expenses $0

Program Expenses $1,187,350

Other Expenses $395,358

TOTAL EXPENSES $1,620,114

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,705,344	$1,622,877	+0.1%
Expenses	$1,620,114	$1,119,203	+0.4%
Net Income	$85,230	$503,674	-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

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

$538,293

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICKEY ANDERSON	DIRECTOR	1.50	Director	$0	$0	$0
MICHAEL R MCCARTHY	CHAIRMAN	5.00	Officer Director	$0	$0	$0
MOGENS C BAY	VICE CHAIR	1.50	Officer Director	$0	$0	$0
SUSAN A BUFFETT	DIRECTOR	1.50	Director	$0	$0	$0
BRUCE E GREWCOCK	DIRECTOR	1.50	Director	$0	$0	$0
SCOTT C HEIDER	DIRECTOR	1.50	Director	$0	$0	$0
KAREN LINDER	DIRECTOR	1.50	Director	$0	$0	$0
DIANNE SEEMAN LOZIER	DIRECTOR	1.50	Director	$0	$0	$0
D DAVID SLOSBURG	DIRECTOR	1.50	Director	$0	$0	$0
KENNETH E STINSON	DIRECTOR	1.50	Director	$0	$0	$0
LANCE FRITZ	DIRECTOR	1.50	Director	$0	$0	$0
DANIEL WATERS	SECRETARY	1.50	Officer	$0	$0	$0
RACHEL JACOBSON	PRESIDENT	30.00	Officer	$343,500	$32,085	$375,585
RANAE KECKEISEN	TREASURER	35.00	Officer	$151,861	$10,847	$162,708
TAMMY ROZA	DIRECTOR OF OPERATIONS	35.00	Highest	$114,608	$10,858	$125,466
SHANNON GILROY	VICE PRESIDENT OF DEVELOPMENT	35.00	Highest	$201,731	$26,796	$228,527

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	$1,705,344	$1,620,114	$7,157,696	$85,230
2023	$1,622,877	$1,119,203	$6,066,035	$503,674
2022	$1,371,782	$1,015,882	$5,027,846	$355,900
2021	$1,133,044	$966,856	$5,191,570	$166,188
2020	$1,601,265	$1,036,774	$4,804,479	$564,491
2019	$2,187,058	$2,166,684	$14,085,061	$20,374
2018	$2,208,089	$2,039,514	$14,921,342	$168,575

HERITAGE SERVICES