HERITAGE ACRES I LTD (EIN 541114920) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

PETER V MARTIN

Phone

5407744263

Tax Period

2025-01-01 to 2025-12-01

HERITAGE ACRES I LTD, founded in 1978, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2018. Expenses of $964K left a modest 13% surplus.

Mission

PRIOR TO 2020, HOUSING SERVICES WERE PROVIDED TO ELDERLY AND HANDICAPPED INDIVIDUALS INCLUDING A 93 UNIT FACILITY IN CAPE CHARLES, VIRGINIA, AND A 40 UNIT FACILITY IN MOUNTAIN CITY, TN. THE DIRECT HOUSING SERVICES WERE TERMINATED IN 2019 WITH THE SALE OF THE HOUSING UNITS. IN ADDITION TO HOUSING FOR THE ELDERLY, THE ORGANIZATION'S ORIGINAL PURPOSES INCLUDED SUPPORTING OTHER EXEMPT PURPOSES. THE ORGANIZATION HAS RESTATED ITS PURPOSES IN 2020 TO INCLUDE THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER CODE SECTION 501(C)(3) AND ALSO TO PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $4

Other Revenue $0

TOTAL REVENUE $4

Expense Breakdown

Grants Paid $1,382

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,382

Other Expenses $1,345

TOTAL EXPENSES $2,727

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4	$-255,109	-1.0%
Expenses	$2,727	$754,021	-1.0%
Net Income	$-2,723	$-1,009,130	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
C RICHARD CRANWELL	PRESIDENT	N/A	Officer Director	$0	$0	$0
ELLEN CRANWELL	SR. VICE PRE	N/A	Officer Director	$0	$0	$0
WILLIAM C CRANWELL	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
PETER V MARTIN	TREASURER	N/A	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
2025	$4	$2,727	No data	$-2,723
2024	No data	No data	No data	No data
2023	$3,821	$222,691	$891,955	$-218,870
2022	$18,742	$9,185	$907,868	$9,557
2021	$54,007	$7,726	$1,280,178	$46,281
2020	$130,897	$284,566	$1,233,897	$-153,669
2019	$3,790,057	$726,991	$1,368,755	$3,063,066
2018	$1,108,416	$963,847	$494,341	$144,569

HERITAGE ACRES I LTD