HERITAGE GROUP HOMES INC

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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

1992

Legal Domicile

Principal Officer

SANDI HEYER

Phone

6266531000

Tax Period

2023-01-01 to 2023-12-31

HERITAGE GROUP HOMES INC, founded in 1992, is a community nonprofit in the Unknown sector that reported $7.9M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $2.5M, a strong 32% operating margin.

Mission

OUR MISSION IS TO SERVE FOSTER YOUTH, FAMILIES AND OUR COMMUNITY THROUGH INTENSIVE CLINICAL EVIDENCE-BASED TREATMENT SERVICES, ALONG WITH PERSONALIZED AND COMPASSIONATE CARE. WE PROVIDE MENTAL HEALTH TREATMENT THAT CHANGES LIVES THROUGH A HIGH QUALITY TRAUMA INFORMED HOLISTIC APPROACH DELIVERED IN PEACEFUL AND NURTURING ENVIRONMENTS OF OPTIMAL RECOVERY.

Program Service Accomplishments

Program 1

Expenses: $5,155,526

Heritage provides 24-hour residential treatment services at five locations licensed as STRTP (Short-Term Residential Therapeutic Program)facilities and medication support at our corporate office...

Heritage provides 24-hour residential treatment services at five locations licensed as STRTP (Short-Term Residential Therapeutic Program)facilities and medication support at our corporate office location. We serve girls ages 12-18 and non-minor dependents who are in crisis and experiencing the trauma of being detained from their parent(s), guardian(s) or have suffered abuse neglect or abandonment. The immediate concern is to provide care, comfort and stability that ensures the mental and emotional well-being of the children in a individual tailored, trauma informed program that includes daily treatment through counseling, 24-hour supervision, academic support, social work services, medication management, after-care and reunification services as indicated in each youth's needs and service plan.

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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 $1,539,709

Program Service Revenue $5,949,143

Investment Income $403,791

Other Revenue $52,107

TOTAL REVENUE $7,944,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,726,391

Fundraising Expenses $0

Program Expenses $5,155,526

Other Expenses $1,673,772

TOTAL EXPENSES $5,400,163

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,944,750	$8,591,771	-0.1%
Expenses	$5,400,163	$5,913,299	-0.1%
Net Income	$2,544,587	$2,678,472	0.0%

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

N/A

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

$236,741

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDI HEYER	Executive Dir.	40.00	Officer	$120,493	$0	$120,493
HARBINDER HEYER	CFO	40.00	Officer	$116,248	$0	$116,248
DR KANAN MODI	BOARD MEMBER	3.00	Officer Director	$0	$0	$0
HEATHER CONNORS	President	3.00	Officer Director	$0	$0	$0
GINA MARIE CASTILLO	BOARD MEMBER	3.00	Officer Director	$0	$0	$0
GULVARG MAYA KAUR	Secretary	3.00	Officer Director	$0	$0	$0
MIRIAM KORN	Vice President	3.00	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	$7,944,750	$5,400,163	$20,136,868	$2,544,587
2022	$8,591,771	$5,913,299	$17,771,403	$2,678,472
2021	$6,554,117	$5,040,340	$12,177,044	$1,513,777
2020	$7,019,246	$4,003,249	$9,239,360	$3,015,997