WALDENSIAN HERITAGE FOUNDATION INC

EIN: 882686374 501(c)(3) Arts, Culture & Humanities

VALDESE, NC

Total Revenue
$123,922
Total Expenses
$115,585
Total Assets
$2,037,428
Net Assets
$1,995,579
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NC
Principal Officer
JOHN HEILMAN
Phone
8288741111
Tax Period
2024-01-01 to 2024-12-31

WALDENSIAN HERITAGE FOUNDATION INC, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $124K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $116K left a modest 7% surplus.

Mission

TO PRESERVE AND PROMOTE THE CULTURAL HERITAGE, THE GENEALOGICAL RECORDS, AND THE RELIGIOUS DEVOTION OF THE WALDENSES WHO IMMIGRATED FROM COTTIAN ALPS OF NORTHWESTERN ITALY AND SETTLED IN VALDESE, NORTH CAROLINA, STARTING IN MAY 1893, AS WELL AS TO EDUCATE THE COMMUNITY ABOUT THIS IMPORTANT PART OF HISTORY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $117,568
Program Service Revenue $3,893
Investment Income $55
Other Revenue $2,406
TOTAL REVENUE $123,922

Expense Breakdown

Grants Paid $1,481
Salaries & Benefits $50,822
Fundraising Expenses $0
Program Expenses $90,175
Other Expenses $63,282
TOTAL EXPENSES $115,585

Year-over-Year Comparison

2024 2023 Change
Revenue $123,922 $242,004 -0.5%
Expenses $115,585 $163,300 -0.3%
Net Income $8,337 $78,704 -0.9%
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

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Governance

Voting Members
12
Independent Members
12
Employees
2
Volunteers
46

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT MURRAY BOARD MEMBER 1.00
Director
$0 $0 $0
PAGE ANDERSEN BOARD MEMBER 1.00
Director
$0 $0 $0
PAM PONS BOARD MEMBER 1.00
Director
$0 $0 $0
MORRISSA ANGI BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE DEMITER BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID FLETCHER BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE MARTINANT BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN BOUNOUS SECRETARY 4.00
Officer Director
$0 $0 $0
MARK ROSTAN TREASURER 4.00
Officer Director
$0 $0 $0
JOHN HELIMAN CHAIR 4.00
Officer Director
$0 $0 $0
JIM ROSTAN VICE-CHAIR 4.00
Officer Director
$0 $0 $0
FRANK GRILL BOARD MEMBER 1.00
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 $123,922 $115,585 $2,037,428 $8,337
2023 $242,004 $163,300 $2,012,242 $78,704
2022 $1,918,045 $9,507 $1,940,493 $1,908,538
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