APEX HERITAGE FOUNDATION (EIN 882103524) - 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

2022

Legal Domicile

Principal Officer

STEVEN MADDEN

Phone

7133332200

Tax Period

2023-01-01 to 2023-12-31

APEX HERITAGE FOUNDATION, founded in 2022, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2023. The organization ran a surplus of $7.2M, a strong 100% operating margin.

Mission

PROVIDE SUPPORT FOR 501(C)(3) ORGANIZATIONS.

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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 $7,175,000

Program Service Revenue $0

Investment Income $9

Other Revenue $0

TOTAL REVENUE $7,175,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,001

Other Expenses $10,001

TOTAL EXPENSES $10,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,175,009	N/A	N/A
Expenses	$10,001	N/A	N/A
Net Income	$7,165,008	$0	N/A

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

$875,066

Total Directors

$875,066

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PAWSON	PRESIDENT/DIRECTOR (THROUGH 12/20/23)	0.50	Officer Director	$0	$55,218	$412,918
STEVEN MADDEN	PRESIDENT/DIRECTOR (START 12/20/23)	0.50	Officer Director	$0	$0	$0
HUNTER EDMONDSON	SECRETARY/DIRECTOR (THROUGH 12/20/23)	0.50	Officer Director	$0	$22,549	$207,979
MICHAEL TROUT	SECRETARY/DIRECTOR (THROUGH 3/6/23)	0.50	Officer Director	$0	$4,040	$35,670
KELLY MADDEN	SECRETARY/DIRECTOR (START 12/20/23)	0.50	Officer Director	$0	$0	$0
NELSON HERNANDEZ	TREASURER/DIRECTOR (THROUGH 12/20/23)	0.50	Officer Director	$0	$44,079	$218,499
SCOTT COULTER	TREASURER/DIRECTOR (START 12/20/23)	0.50	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
2024	No data	No data	No data	No data
2023	$7,175,009	$10,001	$7,490,088	$7,165,008

APEX HERITAGE FOUNDATION