HEIGHTS WATER (EIN 916033447) - 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

1931

Legal Domicile

Principal Officer

JAMES CHUN

Phone

2064630014

Tax Period

2024-08-01 to 2025-07-31

HEIGHTS WATER, founded in 1931, is a small nonprofit that reported $962K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $238K, a strong 25% operating margin.

Mission

WATER SALES

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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 $0

Program Service Revenue $909,357

Investment Income $33,467

Other Revenue $19,569

TOTAL REVENUE $962,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $380,766

Fundraising Expenses $0

Program Expenses $723,925

Other Expenses $343,159

TOTAL EXPENSES $723,925

Year-over-Year Comparison

	2024	2023	Change
Revenue	$962,393	$842,539	+0.1%
Expenses	$723,925	$722,845	+0.0%
Net Income	$238,468	$119,694	+1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN HOFFMAN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES CHUN	PRESIDENT	1.00	Officer	$0	$0	$0
LUKE MCQUILLIN	VICE PRESIDE	1.00	Officer	$0	$0	$0
DAVID WEISS	TREASURER	1.00	Officer	$0	$0	$0
ANDRE VANDERMOST	SECRETARY	1.00	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	$962,393	$723,925	$4,688,233	$238,468
2024	$842,539	$722,845	$4,440,551	$119,694
2023	$781,699	$621,048	$4,292,992	$160,651
2022	$704,152	$580,413	$4,093,988	$123,739
2021	$652,460	$624,134	$3,953,369	$28,326
2020	$664,481	$501,354	$3,888,006	$163,127
2019	$667,724	$476,958	$3,837,047	$190,766

HEIGHTS WATER