NATIONAL HERITAGE FOUNDATION INC (EIN 582085326) - 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

1994

Legal Domicile

Principal Officer

JANET BUCHANAN

Phone

5716203000

Tax Period

2022-01-01 to 2022-12-31

National Heritage Foundation Inc, founded in 1994, is a small nonprofit that reported $147K in total revenue in fiscal year 2018. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $824K exceeded revenue, resulting in a 463% operating deficit.

Mission

SUPPORTS UNITED CHARITABLE, A DONOR ADVISED FUND ADMINISTRATOR.

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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 (2022)

Revenue Breakdown

Contributions & Grants $18,573

Program Service Revenue $17,344

Investment Income $-284,892

Other Revenue $2,415

TOTAL REVENUE $-246,560

Expense Breakdown

Grants Paid $4,038,846

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,039,022

Other Expenses $35,930

TOTAL EXPENSES $4,074,776

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-246,560	$1,236,211	-1.2%
Expenses	$4,074,776	$1,839,227	+1.2%
Net Income	$-4,321,336	$-603,016	+6.2%

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

$359,383

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH HOOPER	SECRETARY & TREASURER	0.10	Officer Director	$0	$0	$0
JANET BUCHANAN	CEO	0.10	Officer Director	$0	$0	$0
JULIA HEALEY	FINANCE DIRECTOR	0.10	Officer	$0	$26,881	$219,822
STACY L SUMMITT	CONTROLLER	0.10	Officer	$0	$19,406	$139,561

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
2022	$-246,560	$4,074,776	No data	$-4,321,336
2021	$1,236,211	$1,839,227	$4,189,529	$-603,016
2020	$58,656	$705,948	$4,627,829	$-647,292
2019	$-1,558,861	$140,861	$5,275,120	$-1,699,722
2018	$146,503	$824,089	$7,915,583	$-677,586

NATIONAL HERITAGE FOUNDATION INC