HEART OF THE HILLS HERITAGE CENTER

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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

WILLIAM R RECTOR

Phone

8309555034

Tax Period

2024-01-01 to 2024-12-31

HEART OF THE HILLS HERITAGE CENTER, founded in 2017, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $48K in total revenue in fiscal year 2024. Revenue surged 219% from the prior year, signaling strong growth momentum. Expenses of $179K exceeded revenue, resulting in a 270% operating deficit.

Mission

TO COLLECT, PRESERVE INTERPRET, AND PROMOTE THE CULTURAL HERITAGE AND HISTORY OF KERR COUNTY AND THE TEXAS HILL COUNTRY THROUGH EXHIBITS, EDUCATIONAL ACTIVITIES AND SPECIAL EVENTS.

Program Service Accomplishments

Program 1

Expenses: $167,432

CREATION AND OPERATION OF LOCAL EDUCATIONAL HERITAGE CENTER

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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 (2024)

Revenue Breakdown

Contributions & Grants $25,172

Program Service Revenue $0

Investment Income $23,097

Other Revenue $0

TOTAL REVENUE $48,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,649

Fundraising Expenses $0

Program Expenses $167,432

Other Expenses $79,993

TOTAL EXPENSES $178,642

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,269	$15,146	+2.2%
Expenses	$178,642	$111,366	+0.6%
Net Income	$-130,373	$-96,220	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM R RECTOR	CHAIRMAN	4.00	Officer Director	$0	$0	$0
JAMES WRIGHT	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LINDA KARST STONE	SECRETARY	15.00	Officer Director	$0	$0	$0
DAVID JONES	TREASURER	4.00	Officer Director	$0	$0	$0
JOE HERRING JR	DIRECTOR	4.00	Director	$0	$0	$0
CLIFTON FIFER	DIRECTOR	1.00	Director	$0	$0	$0
TONI R BOX	DIRECTOR	2.00	Director	$0	$0	$0
JULIUS NEUNHOFFER	DIRECTOR	3.00	Director	$0	$0	$0
DR DONALD FRAZIER	DIRECTOR	0.50	Director	$0	$0	$0
CHARLIE MCILVAIN	DIRECTOR	1.00	Director	$0	$0	$0
MARCUS GOODYEAR	DIRECTOR	3.00	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	$48,269	$178,642	$510,456	$-130,373
2023	$15,146	$111,366	$639,683	$-96,220
2022	$54,015	$37,169	$734,932	$16,846
2021	$717,576	$3,506	$716,252	$714,070