THE HERALD CHARITIES INC (EIN 596138383) - 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

1977

Legal Domicile

Principal Officer

BOB MCFARLIN

Phone

3053762525

Tax Period

2023-10-01 to 2024-09-30

THE HERALD CHARITIES INC, founded in 1977, is a small nonprofit that reported $405K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $589K exceeded revenue, resulting in a 46% operating deficit.

Mission

HERALD CHARITIES IS PRIMARILY INVOLVED IN THE ACCUMULATION OF FUNDS FOR CHARITABLE AND BENEVOLENT PURPOSES FOR THE AID OF THE NEEDY OR WORTHY INDIVIDUALS AND NOT FOR PROFIT ORGANIZATIONS.

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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 $404,518

Program Service Revenue $0

Investment Income $44

Other Revenue $0

TOTAL REVENUE $404,562

Expense Breakdown

Grants Paid $434,530

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $434,604

Other Expenses $154,749

TOTAL EXPENSES $589,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$404,562	$511,310	-0.2%
Expenses	$589,279	$602,608	0.0%
Net Income	$-184,717	$-91,298	+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

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
NANCY ANCRUM - RETIRED 122023	BOARD MEMBER	N/A	Director	$0	$0	$0
TANYA CHRISTIE BENNETT	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
RAYMOND DUENAS	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK HIRSCH	BOARD MEMBER	N/A	Director	$0	$0	$0
DENISE MARTINEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB MCFARLIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALEX MENA	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY MEYER	PRESIDENT 12	N/A	Officer Director	$0	$0	$0
MONICA RICHARDSON	BOARD MEMBER	N/A	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	$404,562	$589,279	$2,255,918	$-184,717
2023	$511,310	$602,608	$2,073,376	$-91,298
2022	$477,092	$637,336	$2,136,490	$-160,244
2021	$718,556	$506,273	$2,418,328	$212,283
2020	$488,077	$463,374	$2,098,879	$24,703
2019	$470,640	$515,459	$2,000,003	$-44,819
2018	$2,099,663	$454,477	$2,007,237	$1,645,186

THE HERALD CHARITIES INC