THE HEISING-SIMONS ACTION FUND

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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

Principal Officer

ELIZABETH SIMONS

Phone

6508870277

Tax Period

2023-01-01 to 2023-12-31

THE HEISING-SIMONS ACTION FUND, founded in 2020, is a mid-sized nonprofit in the Civil Rights & Advocacy sector that reported $18.3M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $16.6M left a modest 9% surplus.

Mission

THE ACTION FUND ENGAGES PRIMARILY IN LEGISLATIVE AND OTHER PUBLIC POLICY ACTIVITIES, INCLUDING BUT NOT LIMITED TO MAKING CONTRIBUTIONS TO BALLOT MEASURE CAMPAIGNS AND TO OTHER POLICY AND LEGISLATIVE ADVOCACY EFFORTS, TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE GENERAL PUBLIC IN CALIFORNIA AND ELSEWHERE. IT IS FOCUSED ON A VARIETY OF ISSUE AREAS, INCLUDING CLIMATE AND CLEAN ENERGY, EDUCATION, HUMAN RIGHTS, BOLSTERING CIVIC ENGAGEMENT AND COMMUNITY ADVOCACY IN THE CITY OF SAN JOSE, CA, AND GRASSROOTS MOBILIZATION AT THE FEDERAL AND STATE LEVEL TO STRENGTHEN DEMOCRACY AND EQUITABLE REPRESENTATION.

Program Service Accomplishments

Program 1

Expenses: $16,466,541 Revenue: $0

THE ACTION FUND PROVIDED GRANTS TO 69 ORGANIZATIONS FOCUSED ON POLICY AND LEGISLATIVE ADVOCACY ON CLIMATE AND CLEAN ENERGY, EDUCATION, AND HUMAN RIGHTS, BOLSTERING CIVIC ENGAGEMENT AND COMMUNITY...

THE ACTION FUND PROVIDED GRANTS TO 69 ORGANIZATIONS FOCUSED ON POLICY AND LEGISLATIVE ADVOCACY ON CLIMATE AND CLEAN ENERGY, EDUCATION, AND HUMAN RIGHTS, BOLSTERING CIVIC ENGAGEMENT AND COMMUNITY ADVOCACY IN THE CITY OF SAN JOSE, CA, AND GRASSROOTS MOBILIZATION AT THE FEDERAL AND STATE LEVEL TO STRENGTHEN DEMOCRACY AND EQUITABLE REPRESENTATION.

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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 $17,800,000

Program Service Revenue $0

Investment Income $446,500

Other Revenue $4,054

TOTAL REVENUE $18,250,554

Expense Breakdown

Grants Paid $15,850,000

Salaries & Benefits $434,832

Fundraising Expenses $0

Program Expenses $16,466,541

Other Expenses $334,716

TOTAL EXPENSES $16,619,548

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,250,554	$15,064,004	+0.2%
Expenses	$16,619,548	$16,759,382	0.0%
Net Income	$1,631,006	$-1,695,378	-2.0%

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

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

$2,071,257

Total Directors

$809,487

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH SIMONS	CHAIR	0.60	Officer Director	$0	$0	$0
MARK HEISING	VICE CHAIR	0.60	Officer Director	$0	$0	$0
CAITLIN HEISING	VICE CHAIR	0.60	Director	$0	$0	$0
MATTHEW HEISING	VICE CHAIR	0.60	Officer Director	$0	$0	$0
DEANNA GOMBY	PRESIDENT (THRU 1/3/23)	0.00	Officer Director	$0	$49,302	$183,062
SUSHMA RAMAN	PRESIDENT	1.08	Officer Director	$22,596	$112,832	$626,425
BRIAN EULE	CORPORATE SECRETARY	0.21	Officer	$2,625	$83,233	$424,632
JEFF MALLOY	TREASURER (THRU 7/13/23)	0.74	Officer	$12,771	$94,900	$456,762
JUDY BLUMENSTEIN	TREASURER	1.17	Officer	$11,922	$100,983	$380,376
ANGIE JUNCK	PROGRAM DIRECTOR	7.57	Highest	$79,886	$74,163	$365,972
JENNIFER SHIPP	GENERAL COUNSEL	1.20	Highest	$16,262	$98,560	$481,073
BARBARA CHOW	PROGRAM DIRECTOR	1.72	Highest	$19,861	$116,312	$487,240
ROLAND HWANG	PROGRAM DIRECTOR	1.42	Highest	$15,460	$111,693	$427,995
CYNTHIA ATHERTON	PROGRAM DIRECTOR	0.25	Highest	$893	$111,810	$488,696

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	$18,250,554	$16,619,548	$5,939,767	$1,631,006
2022	$15,064,004	$16,759,382	$3,829,373	$-1,695,378
2021	$24,516,493	$21,429,454	$5,883,828	$3,087,039
2020	$13,009,001	$11,347,480	$1,743,394	$1,661,521