HERITAGE OF ODESSA FOUNDATION

EIN: 751859920 501(c)(3)

ODESSA, TX

Total Revenue
$38,546
Total Expenses
$4,420
Total Assets
$825,111
Net Assets
$825,111
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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
1982
Legal Domicile
TX
Principal Officer
FRANCES IRVINE
Phone
4323320210
Tax Period
2024-01-01 to 2024-12-31

HERITAGE OF ODESSA FOUNDATION, founded in 1982, is a micro nonprofit that reported $39K in total revenue in fiscal year 2024. The organization ran a surplus of $34K, a strong 89% operating margin.

Mission

Maintenance and restoration of historical property

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $34,769
Program Service Revenue $0
Investment Income $17,151
Other Revenue $-13,374
TOTAL REVENUE $38,546

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,420
Other Expenses $4,420
TOTAL EXPENSES $4,420

Year-over-Year Comparison

2024 2023 Change
Revenue $38,546 N/A N/A
Expenses $4,420 N/A N/A
Net Income $34,126 N/A 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

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Governance

Voting Members
30
Independent Members
30
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANCIS IRVINE PRESIDENT 10.00
Officer Director
$0 $0 $0
ANN VOLKER VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
EARLENE SMITH SECRETARY 5.00
Officer Director
$0 $0 $0
CATHY FIGERT TREASURER 5.00
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 $38,546 $4,420 $825,111 $34,126
2023 $108,846 $9,540 $790,985 $99,306
2022 $55,783 $8,080 $721,852 $47,703
2021 $98,502 $5,588 $679,611 $92,914
2020 $27,945 $5,315 $607,586 $22,630
2019 $82,825 $6,305 $584,403 $76,520
2018 $56,584 $6,524 $513,715 $50,060
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