HERITAGE FIELDS III INC (EIN 743073488) - 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

2002

Legal Domicile

Principal Officer

MARY GARRISON

Phone

2173626262

Tax Period

2023-07-01 to 2024-06-30

HERITAGE FIELDS III INC, founded in 2002, is a micro nonprofit in the Mental Health sector that reported $98K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $146K exceeded revenue, resulting in a 49% operating deficit.

Mission

TO ENGAGE EXCLUSIVELY IN THE CHARITABLE ACTIVITIES LEADING TO THE PROMOTION & CONSERVATION OF PHYSICAL & MENTAL HEALTH OF PERSONS IN MACON COUNTY AREA.

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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 $0

Program Service Revenue $92,102

Investment Income $5,493

Other Revenue $671

TOTAL REVENUE $98,266

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,259

Fundraising Expenses $0

Program Expenses $144,562

Other Expenses $131,983

TOTAL EXPENSES $146,242

Year-over-Year Comparison

	2023	2022	Change
Revenue	$98,266	$110,163	-0.1%
Expenses	$146,242	$131,441	+0.1%
Net Income	$-47,976	$-21,278	+1.3%

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
DANIEL CARTON	TREASURER	1.00	Officer Director	$0	$0	$0
CANDACE CLEVENGER	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS CROWLEY	DIRECTOR	1.00	Director	$0	$0	$0
MARY GARRISON	PRESIDENT	1.00	Officer Director	$0	$0	$0
LISA RICHARS	DIRECTOR	1.00	Director	$0	$0	$0
LINDA VIRGIL	SECRETARY	1.00	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
2024	No data	No data	No data	No data
2024	$98,266	$146,242	$1,208,846	$-47,976
2023	$110,163	$131,441	$1,257,715	$-21,278
2022	$102,637	$149,057	$1,275,769	$-46,420
2021	$97,291	$153,066	$1,323,404	$-55,775
2020	$97,118	$136,975	$1,383,647	$-39,857
2019	$99,920	$132,540	$1,420,926	$-32,620

HERITAGE FIELDS III INC