THE HEPH FOUNDATION

EIN: 811521723 501(c)(3) Community Improvement

Oak Park, IL

Total Revenue
$520,000
Total Expenses
$458,803
Total Assets
$103,876
Net Assets
$103,876
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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
2020
Legal Domicile
IL
Principal Officer
sheila conner
Phone
8474213141
Tax Period
2023-01-01 to 2023-12-31

THE HEPH FOUNDATION, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $520K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $459K left a modest 12% surplus.

Mission

advancement of education or science

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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 (2023)

Revenue Breakdown

Contributions & Grants $520,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $520,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $358,012
Fundraising Expenses $7,217
Program Expenses $413,065
Other Expenses $100,791
TOTAL EXPENSES $458,803

Year-over-Year Comparison

2023 2022 Change
Revenue $520,000 $408,500 +0.3%
Expenses $458,803 $593,847 -0.2%
Net Income $61,197 $-185,347 -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

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Governance

Voting Members
5
Independent Members
5
Employees
3
Volunteers
10

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
2
$65,624
Total Directors
4
$0
Key Employees
2
$65,624
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steve Conner CEO 40
Officer Key Emp Highest
$36,458 $0 $36,458
Sheila Conner Managing Director 40
Officer Key Emp Highest
$29,166 $0 $29,166
Alyce Myatt Board member 2
Director
$0 $0 $0
Michael Maccia Boardmember 2
Director
$0 $0 $0
Lionel Knight Boardmember 2
Director
$0 $0 $0
Kevin Knight Boardmember 2
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
2023 $520,000 $458,803 $103,876 $61,197
2022 $408,500 $593,847 $42,679 $-185,347
2021 $321,437 $80,470 $243,971 $240,967
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