HERS-HIGHER EDUCATION RESOURCE SER… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

GLORIA THOMAS

Phone

3038716866

Tax Period

2024-09-01 to 2025-08-31

HERS-HIGHER EDUCATION RESOURCE SERVICES, founded in 2004, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 21% operating deficit.

Mission

HERS IS DEDICATED TO CREATING AND SUSTAINING A DIVERSE COMMUNITY OF LEADERS THROUGH LEADERSHIP DEVELOPMENT PROGRAMS AND OTHER STRATEGIES, WITH A COMMITMENT TO ACHIEVING EQUITY, INCLUSIVITY AND EXCELLENCE IN HIGHER EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $1,782,403 Revenue: $1,753,228

HERS (HIGHER EDUCATION RESOURCE SERVICES) IS A LEADERSHIP DEVELOPMENT AND RESEARCH ORGANIZATION DEDICATED TO CREATING AND SUSTAINING A DIVERSE NETWORK OF LEADERS IN HIGHER EDUCATION. HERS PROGRAMS...

HERS (HIGHER EDUCATION RESOURCE SERVICES) IS A LEADERSHIP DEVELOPMENT AND RESEARCH ORGANIZATION DEDICATED TO CREATING AND SUSTAINING A DIVERSE NETWORK OF LEADERS IN HIGHER EDUCATION. HERS PROGRAMS ARE OPEN TO ALL GENDERS WHO SUPPORT THIS MISSION, HERS HISTORICALLY FOCUSED ON OFFERING PROGRAMS FOR WOMEN LEADERS IN HIGHER EDUCATION. CURRENTLY,OUR PROGRAMS SPAN THE CAREER LIFE CYCLE FOR ALL LEADERS, FROM ALL INSTITUTION TYPES, AND ALL BACKGROUNDS. HERS IS UNIQUE IN THAT WE PRIORITIZE EQUITY IN LEADERSHIP AS A WAY OF CREATING EQUITABLE OPPORTUNITIES TO THRIVE FOR ALL COLLEGE AND UNIVERSITY CAMPUS CONSTITUENTS. CONTINUED ON SCHEDULE O.FOUNDED IN 1972, HERS PROUDLY SERVES AS A NETWORK FOR HIGHER EDUCATION LEADERS AND IS BUILDING A REPOSITORY OF DATA AND RESOURCES FOR LEADERS WHO SEEK TO ADVANCE THEIR CAREERS,AND THEIR LEADERSHIP PRACTICE IN HIGHER EDUCATION.

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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 $283,627

Program Service Revenue $1,753,228

Investment Income $115,203

Other Revenue $0

TOTAL REVENUE $2,152,058

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,018,049

Fundraising Expenses $248,484

Program Expenses $1,782,403

Other Expenses $1,586,503

TOTAL EXPENSES $2,604,552

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,152,058	$3,881,710	-0.4%
Expenses	$2,604,552	$2,586,145	+0.0%
Net Income	$-452,494	$1,295,565	-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

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

$476,637

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY KVAAL	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
KRISTEN HODGE-CLARK	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
ANTIONETTE MARBRAY	SECRETARY	2.00	Officer Director	$0	$0	$0
SANDRA CASSADY	TREASURER	2.00	Officer Director	$0	$0	$0
BROOKE BARNETT	DIRECTOR	1.00	Director	$0	$0	$0
SUE BORREGO	DIRECTOR	1.00	Director	$0	$0	$0
ISABELLE CHERNEY	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN ESTERBERG	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE FUJII	DIRECTOR	1.00	Director	$0	$0	$0
BEATRIZ GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
DEBORA JOHNSON-ROSS	DIRECTOR	1.00	Director	$0	$0	$0
JANN JOSEPH	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA SCOTT-JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
NORA MILLER	DIRECTOR	1.00	Director	$0	$0	$0
LYNNETTE ZELEZNY	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA THOMAS	PRESIDENT	40.00	Officer	$259,928	$14,944	$274,872
SHANNON B LUNDEEN	VICE PRESIDENT	40.00	Officer	$188,847	$12,918	$201,765

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
2025	$2,152,058	$2,604,552	$3,466,587	$-452,494
2024	$3,881,710	$2,586,145	$3,812,778	$1,295,565
2023	$2,293,634	$2,453,968	$2,871,185	$-160,334
2022	$1,973,261	$1,934,518	$2,564,797	$38,743
2021	$1,290,734	$1,393,733	$3,210,400	$-102,999
2020	$1,288,624	$1,654,569	$2,749,702	$-365,945
2019	$1,744,663	$1,819,204	$3,298,315	$-74,541

HERS-HIGHER EDUCATION RESOURCE SERVICES