Pennies for Heaven Fund Inc (EIN 943143247) - 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

1991

Legal Domicile

Principal Officer

Thomas Williams

Phone

3602430745

Tax Period

2024-07-01 to 2025-06-30

Pennies for Heaven Fund Inc, founded in 1991, is a small nonprofit in the Education sector that reported $233K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $127K, a strong 55% operating margin.

Mission

Supports the Catholic dioceses of the State of Washington and other charitable, educational and religious institutions with similar goals

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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 $60,830

Program Service Revenue $0

Investment Income $171,744

Other Revenue $0

TOTAL REVENUE $232,574

Expense Breakdown

Grants Paid $92,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,000

Other Expenses $12,685

TOTAL EXPENSES $105,185

Year-over-Year Comparison

	2024	2023	Change
Revenue	$232,574	$255,112	-0.1%
Expenses	$105,185	$55,938	+0.9%
Net Income	$127,389	$199,174	-0.4%

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
Thomas Williams	President	5.00	Officer Director	$0	$0	$0
Scott Hulse	Vice President	5.00	Officer Director	$0	$0	$0
Dave Olwell	Treasurer	5.00	Officer Director	$0	$0	$0
Dang Nguyen	Secretary	5.00	Officer Director	$0	$0	$0
Kenneth St Hilaire	Director	2.00	Director	$0	$0	$0
Danno Herrerra	Director	2.00	Director	$0	$0	$0
Gregory Mahoney	Director	2.00	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
2025	$232,574	$105,185	$1,841,019	$127,389
2024	$255,112	$55,938	$1,713,630	$199,174
2023	$87,560	$64,003	$1,514,456	$23,557
2022	$52,143	$154,503	$1,423,329	$-102,360
2020	$162	$122,737	$1,401,135	$-122,575
2019	$243,699	$130,154	$1,523,710	$113,545

Pennies for Heaven Fund Inc