HEATHER APARTMENT ASSOCIATES (EIN 943221403) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

KATRINA EGNER

Phone

2069012000

Tax Period

2025-01-01 to 2025-12-31

HEATHER APARTMENT ASSOCIATES, founded in 2000, is a small nonprofit in the Human Services sector that reported $131K in total revenue in fiscal year 2025. Expenses of $145K exceeded revenue, resulting in a 10% operating deficit.

Mission

PROVIDE LOW-INCOME HOUSING TO THE MENTALLY ILL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $40,000

Program Service Revenue $90,900

Investment Income $357

Other Revenue $0

TOTAL REVENUE $131,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $139,877

Other Expenses $144,767

TOTAL EXPENSES $144,767

Year-over-Year Comparison

	2025	2024	Change
Revenue	$131,257	$137,020	0.0%
Expenses	$144,767	$157,622	-0.1%
Net Income	$-13,510	$-20,602	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$581,527

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER DOWDY	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ANNEMARIE BELIARD	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEFF WILCOX	BOARD SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
KATRINA EGNER	PRESIDENT AND CEO	1.00	Officer	$0	$25,138	$350,854
MIKE DE LUCA	VICE PRESIDENT AND CFO	1.00	Officer	$0	$6,688	$230,673

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	$131,257	$144,767	$1,032,338	$-13,510
2024	No data	No data	No data	No data
2023	$160,834	$152,819	$989,488	$8,015
2022	$91,969	$126,305	$966,065	$-34,336
2021	$90,902	$168,163	$949,802	$-77,261
2020	$90,880	$96,068	$958,141	$-5,188
2019	$89,849	$95,610	$938,116	$-5,761
2018	$76,117	$108,770	$929,053	$-32,653

HEATHER APARTMENT ASSOCIATES