AMERICAN HERITAGE PRESERVATION ASS… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

PHILIP D ESTEP

Phone

3148621414

Tax Period

2023-01-01 to 2023-12-31

Mission

AHPA IS A 501(C)(3) ORGANIZATION ENGAGED IN CHARITABLE, EDUCATIONAL AND ADVISORY ACTIVITIES ("CHARITABLE MISSION") THAT HELP PRESERVE, PROTECT, AND IMPROVE CERTIFIED HISTORIC STRUCTURES AND LAND AREAS LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES ("HISTORIC PROPERTIES"). AHPA'S ACTIVITIES IN PURSUIT OF ITS CHARITABLE MISSION ARE DESIGNED TO SERVE THE PUBLIC GOOD AND PROVIDE SOCIAL BENEFITS AS INTENDED BY FEDERAL AND STATE HISTORIC PRESERVATION LEGISLATION. AHPA ADVISES AND ASSISTS OWNERS OF HISTORIC PROPERTIES ON HOW TO QUALIFY FOR AVAILABLE POTENTIAL TAX INCENTIVES OFFERED BY GOVERNMENTAL AGENCIES TO ENCOURAGE CONSERVATION CONTRIBUTIONS, FACADE EASEMENTS, AND HISTORIC PRESERVATIONS UNDER NATIONAL PARK SERVICE'S "SECRETARY OF THE INTERIOR'S STANDARDS AND GUIDELINES FOR ARCHEOLOGY AND HISTORIC PRESERVATION" ("NPS STANDARDS") FOR THE REHABILITATION OF HISTORIC PROPERTIES.

Program Service Accomplishments

Program 1

INVESTMENTS: AHPA WILL USE NO LESS THAN 98-99% OF ALL DONATIONS TO MAKE EQUITY INVESTMENTS TO THE PROJECT, WHICH WILL IN TURN MAKE EQUITY INVESTMENTS TO THE OWNER TO REPAY PREDEVELOPMENT COSTS...

INVESTMENTS: AHPA WILL USE NO LESS THAN 98-99% OF ALL DONATIONS TO MAKE EQUITY INVESTMENTS TO THE PROJECT, WHICH WILL IN TURN MAKE EQUITY INVESTMENTS TO THE OWNER TO REPAY PREDEVELOPMENT COSTS, BRIDGE LOAN FINANCING COSTS, DEVELOPMENT FEES, AND OTHER HARD TO FINANCE COSTS OF THE OWNER.

Program 2

LONGTERM PRESERVATION: IN ADDITION TO THE 5 YEAR COMPLIANCE PERIOD IMPOSED BY THE FEDERAL HISTORIC PRESERVATION TAX CREDIT ("FHTC") PROGRAM, PROJECT OWNERS WILL BE REQUIRED TO OBTAIN AHPA'S CONSENT TO ANY MODIFICATIONS TO THE HISTORIC PROPERTY THAT IS INCONSISTENT WITH THE NPS STANDARDS. AHPA MAY AGREE TO ACCEPT PRESERVATION EASEMENTS AFTER THE INITIAL 5 YEAR COMPLIANCE PERIOD TO ACCOMPLISH THIS GOAL.

Program 3

HISTORY OF PROPERTIES: AHPA WILL ASSIST OWNER'S IN DEVELOPING EXTENSIVE NARRATIVES OF THE HISTORIC SIGNIFICANCE OF EACH PROPERTY, WHICH WILL BE MADE AVAILABLE TO THE GENERAL PUBLIC VIA THE PROPERTY'S...

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $19,288

TOTAL EXPENSES $19,288

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	N/A	N/A
Expenses	$19,288	$4,722	+3.1%
Net Income	N/A	$-4,722	N/A

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

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
PHILIP ESTEP	PRESIDENT	1.00	Officer Director	$0	$0	$0
ELISE WESTWOOD	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MARY CARPENTER	SECRETARY	1.00	Officer 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	No data	$19,288	$3,097,587	No data
2022	No data	$4,722	$3,116,875	No data
2021	$1,000,000	$12,475	$3,121,597	$987,525
2020	$1,030,000	$1,381	$2,134,072	$1,028,619
2019	$1,100,163	$11,564	$1,105,453	$1,088,599

AMERICAN HERITAGE PRESERVATION ASSOCIATION