Heritage Park Community Improvement (EIN 741822525) - 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

1973

Legal Domicile

Phone

2819478675

Tax Period

2024-01-01 to 2024-12-31

Heritage Park Community Improvement, founded in 1973, is a small nonprofit that reported $452K in total revenue in fiscal year 2024. Expenses of $953K exceeded revenue, resulting in a 111% operating deficit.

Mission

Promoting general welfare of the public by maintenance and management of the Association adn providing services to the commmunity.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $311,355

Investment Income $4,000

Other Revenue $136,770

TOTAL REVENUE $452,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $633,942

Other Expenses $952,872

TOTAL EXPENSES $952,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$452,125	$452,125	N/A
Expenses	$952,872	$952,872	N/A
Net Income	$-500,747	$-500,747	N/A

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

N/A

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
Heather Chatlosh	Director	5.00	Director	$0	$0	$0
Justin Black	President	5.00	Officer	$0	$0	$0
Marc Lozano	Vice President	5.00	Officer	$0	$0	$0
Laurie Adams	Secretary	5.00	Officer	$0	$0	$0
Jennifer Woodall	Treasurer	5.00	Officer	$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	$452,125	$952,872	$381,550	$-500,747
2023	$412,755	$460,799	$746,215	$-48,044
2022	$385,417	$399,680	$813,746	$-14,263
2021	$402,010	$394,630	$785,361	$7,380
2020	$512,341	$495,615	$761,336	$16,726
2019	$468,596	$595,574	$797,914	$-126,978
2018	$827,216	$472,430	$1,080,015	$354,786

Heritage Park Community Improvement