CLAUDE HEATER FOUNDATION (EIN 821457516) - 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

2017

Legal Domicile

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

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$70,000

Total Directors

$70,000

Key Employees

Highest Compensated

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

CLAUDE HEATER FOUNDATION