CLAUDE HEATER FOUNDATION

EIN: 821457516 501(c)(3) Arts, Culture & Humanities

Belvedere Tiburon, CA

Total Revenue
$23,205
Total Expenses
$83,354
Total Assets
$648,958
Net Assets
$643,958
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
CA
Principal Officer
JUYEON SONG
Phone
4156969757
Tax Period
2023-01-01 to 2023-12-31

CLAUDE HEATER FOUNDATION, founded in 2017, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $23K in total revenue in fiscal year 2023. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $83K exceeded revenue, resulting in a 259% operating deficit.

Mission

To promote and encourage traditional opera with great voices.

Program Service Accomplishments

Program 1
Expenses: $75,100

There were no musical events in 2023, however CEO planned, networked and managed events for the following years.

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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 $2,956
Program Service Revenue $0
Investment Income $20,249
Other Revenue $0
TOTAL REVENUE $23,205

Expense Breakdown

Grants Paid $15
Salaries & Benefits $75,085
Fundraising Expenses $0
Program Expenses $75,100
Other Expenses $8,254
TOTAL EXPENSES $83,354

Year-over-Year Comparison

2023 2022 Change
Revenue $23,205 $835,689 -1.0%
Expenses $83,354 $80,520 +0.0%
Net Income $-60,149 $755,169 -1.1%
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
3
Independent Members
2
Employees
1
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
3
$70,000
Total Directors
3
$70,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUYEON SONG CEODirector 30.00
Officer Director
$70,000 $0 $70,000
GINO LOPEZ SecretaryDirector 2.000
Officer Director
$0 $0 $0
JOHN POLLAK CFODirector 2.000
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
2023 $23,205 $83,354 $648,958 $-60,149
2022 $835,689 $80,520 $708,573 $755,169
2020 $5,975 $36,638 $4,697 $-30,663
2019 $110,725 $119,727 $3,960 $-9,002
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