THE HEIGHTS INC (EIN 521128002) - 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

2001

Legal Domicile

Principal Officer

ALVARO DE VICENTE

Phone

3013654300

Tax Period

2023-07-01 to 2024-06-30

THE HEIGHTS INC, founded in 2001, is a mid-sized nonprofit that reported $25.8M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $23.1M left a modest 10% surplus.

Mission

ELEMENTARY AND SECONDARY SCHOOL FOR BOYS GRADES 3-12

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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 $4,192,576

Program Service Revenue $20,530,110

Investment Income $1,001,906

Other Revenue $59,213

TOTAL REVENUE $25,783,805

Expense Breakdown

Grants Paid $4,073,971

Salaries & Benefits $10,150,009

Fundraising Expenses $1,854,640

Program Expenses $18,730,935

Other Expenses $8,899,214

TOTAL EXPENSES $23,123,194

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,783,805	$23,129,392	+0.1%
Expenses	$23,123,194	$21,410,692	+0.1%
Net Income	$2,660,611	$1,718,700	+0.5%

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

$437,558

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY PEREZ-BENZO	BOARD MEMBER	2.00	Director	$0	$0	$0
ANTHONY FALCONE	TREASURER	4.00	Officer Director	$0	$0	$0
DANIEL BEATTY	BOARD MEMBER	2.00	Director	$0	$0	$0
EDDY MOSS	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN MESSENGER	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHERINE REITZ	BOARD MEMBER	2.00	Director	$0	$0	$0
KRISTINA ARCHEVAL	BOARD MEMBER	2.00	Director	$0	$0	$0
LAWRENCE OLSEN	SECRETARY	4.00	Officer Director	$0	$0	$0
LEE GOODWIN	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL FERGUSON	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICK R KILNER	CHAIR	4.00	Officer Director	$0	$0	$0
TIMOTHY CARNEY	BOARD MEMBER	2.00	Director	$0	$0	$0
XAVIER ARGUELLO	BOARD MEMBER	2.00	Director	$0	$0	$0
ALVARO DE VICENTE	HEADMASTER	55.00	Officer	$230,830	$21,880	$252,710
JAMES MCNIFF	CHIEF FINANCIAL OFFICER	55.00	Officer	$131,000	$53,848	$184,848
ANDREW REED	MIDDLE SCHOOL HEAD	55.00	Highest	$233,067	$69,941	$303,008
COLIN GLEASON	LOWER SCHOOL HEAD	55.00	Highest	$180,223	$70,552	$250,775
GERARD BABENDREIER	TEACHER	50.00	Highest	$198,305	$30,741	$229,046
WILLIAM JAMES	BUSINESS MANAGER	55.00	Highest	$191,499	$157,968	$349,467
THOMAS ROYALS	ASSISTANT HEADMASTER	55.00	Highest	$177,495	$36,481	$213,976
PHILIP J MCGOVERN	FORMER CHIEF FINANCIAL OFFICER	60.00		$269,802	$41,060	$310,862

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	$25,783,805	$23,123,194	$32,133,113	$2,660,611
2023	$23,129,392	$21,410,692	$30,022,937	$1,718,700
2022	$21,762,530	$19,986,821	$28,496,015	$1,775,709
2021	$19,692,089	$18,648,398	$26,705,519	$1,043,691
2020	$17,577,031	$17,418,377	$26,208,997	$158,654
2019	$17,571,378	$17,738,101	$26,275,790	$-166,723
2018	$17,626,391	$16,031,076	$26,424,930	$1,595,315

THE HEIGHTS INC