THE HEIGHTS LAND COMPANY INC (EIN 651003872) - 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

2000

Legal Domicile

Principal Officer

KATHRYN KELLY

Phone

2394827706

Tax Period

2022-07-01 to 2023-06-30

THE HEIGHTS LAND COMPANY INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $827K in total revenue in fiscal year 2022. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $759K left a modest 8% surplus.

Mission

HOLDS LAND & CAPITAL IMPROVEMENTS FOR THE HEIGHTS CENTER

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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 (2022)

Revenue Breakdown

Contributions & Grants $101,000

Program Service Revenue $169,000

Investment Income $557,134

Other Revenue $0

TOTAL REVENUE $827,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,040

Fundraising Expenses $22,490

Program Expenses $689,682

Other Expenses $725,902

TOTAL EXPENSES $758,942

Year-over-Year Comparison

	2022	2021	Change
Revenue	$827,134	$2,968,998	-0.7%
Expenses	$758,942	$250,312	+2.0%
Net Income	$68,192	$2,718,686	-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

$314,761

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAN-ERIK HUSTRULID	CHAIR	1.00	Officer Director	$0	$0	$0
ARMANDO LLECHU	VICE CHAIR	0.50	Officer Director	$0	$0	$0
BRYAN FILSON	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
TRACIE BAGANS	DIRECTOR	1.00	Director	$0	$0	$0
JIM DWYER	DIRECTOR	0.50	Director	$0	$0	$0
JAMIE FAUTZ	DIRECTOR	0.50	Director	$0	$0	$0
BETSY HINDS	DIRECTOR	0.50	Director	$0	$0	$0
DOUG JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS LOPEZ	DIRECTOR	0.50	Director	$0	$0	$0
TOM LYTTON	DIRECTOR	0.50	Director	$0	$0	$0
TERI PALMER	DIRECTOR	1.50	Director	$0	$0	$0
CARSON PEARLMAN	DIRECTOR	0.50	Director	$0	$0	$0
BETH PRATHER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN SCOTT	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN SHIMP	DIRECTOR	1.00	Director	$0	$0	$0
TERRI WADE	DIRECTOR	0.50	Director	$0	$0	$0
ALESHA WATCHOWSKI	DIRECTOR	0.50	Director	$0	$0	$0
KATHRYN KELLY	PRESIDENT/CEO	0.00	Officer	$0	$7,403	$158,735
JAMES SANGER	COO - THRU 10/2022	8.00	Officer	$20,368	$11,115	$112,954
DALE MAUSTELLER	DIRECTOR OF FINANCE	0.00	Officer	$0	$5,892	$43,072

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	No data	No data	No data	No data
2023	$827,134	$758,942	$17,727,201	$68,192
2022	$2,968,998	$250,312	$18,463,446	$2,718,686
2021	$913,878	$163,430	$13,373,283	$750,448
2020	$6,055,684	$414,847	$12,591,378	$5,640,837
2019	$8,367,499	$308,727	$12,808,895	$8,058,772
2018	$138,504	$326,619	$4,750,123	$-188,115

THE HEIGHTS LAND COMPANY INC