HERITAGE RETREATS INC (EIN 954892649) - 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

2001

Legal Domicile

Phone

8009270476

Tax Period

2023-01-01 to 2023-12-31

HERITAGE RETREATS INC, founded in 2001, is a small nonprofit in the Education sector that reported $841K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $210K, a strong 25% operating margin.

Mission

The Organization seeks to revitalize Jewish identity through educational, religious and cultural initiatives that are designed to reach out to all Jews with an emphasis on those that do not strongly identify with Jewish life.

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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 $841,187

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $841,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,109

Fundraising Expenses $47,557

Program Expenses $468,803

Other Expenses $511,329

TOTAL EXPENSES $631,438

Year-over-Year Comparison

	2023	2022	Change
Revenue	$841,187	$1,076,876	-0.2%
Expenses	$631,438	$712,110	-0.1%
Net Income	$209,749	$364,766	-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

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

$70,404

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL KREITENBERG	President & CEO	40.00	Officer	$23,040	$47,364	$70,404
KENNETH S ALTER	Treasurer	0.00	Officer	$0	$0	$0
Eli Stoll	Secretary	0.00	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
2024	No data	No data	No data	No data
2023	$841,187	$631,438	$2,403,917	$209,749
2022	$1,076,876	$712,110	$2,043,899	$364,766
2021	$1,083,483	$539,106	$894,294	$544,377
2020	$407,306	$400,060	$158,324	$7,246
2019	$356,492	$349,125	$16,348	$7,367
2018	$446,094	$438,050	$7,904	$8,044

HERITAGE RETREATS INC