HEAVENEARTH SPACES INC (EIN 872248080) - 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

2021

Legal Domicile

Principal Officer

Ross Stackhouse

Phone

3175305006

Tax Period

2023-07-01 to 2024-06-30

HEAVENEARTH SPACES INC, founded in 2021, is a micro nonprofit in the Community Improvement sector that reported $37K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $90K exceeded revenue, resulting in a 145% operating deficit.

Mission

To create and maintain affordable spaces for nonprofit organizations and families for the sake of the common good of our community.

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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 $5,950

Program Service Revenue $31,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $36,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,041

Other Expenses $90,399

TOTAL EXPENSES $90,399

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,950	$71,543	-0.5%
Expenses	$90,399	$63,203	+0.4%
Net Income	$-53,449	$8,340	-7.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ross Stackhouse	President	7	Officer	$0	$0	$0
Michelle Turchan	Vice President	1	Officer	$0	$0	$0
Dave Wehmeier	Treasurer	1	Officer	$0	$0	$0
Michael Windsor	Secretary	1	Officer	$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
2025	No data	No data	No data	No data
2024	$36,950	$90,399	$1,428,781	$-53,449
2023	$71,543	$63,203	$1,485,469	$8,340
2022	$1,479,200	$7,164	$1,472,783	$1,472,036

HEAVENEARTH SPACES INC