THE HEIGHTS COMMUNITY ENERGY INC

EIN: 992460886 501(c)(3) Public & Societal Benefit

ST PAUL, MN

Total Revenue
$67,503
Total Expenses
$85,012
Total Assets
$5,547,890
Net Assets
$-17,509
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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
2024
Legal Domicile
MN
Principal Officer
KATHRYN SARNECKI
Phone
6512978955
Tax Period
2024-03-29 to 2024-09-30

THE HEIGHTS COMMUNITY ENERGY INC, founded in 2024, is a micro nonprofit in the Public & Societal Benefit sector that reported $68K in total revenue in fiscal year 2024. Expenses of $85K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE HEATING AND COOLING ENERGY SERVICES ("ENERGY SERVICES") FOR THE HEIGHTS REDEVELOPMENT PROJECT IN SAINT PAUL, MINNESOTA.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $67,503
Other Revenue $0
TOTAL REVENUE $67,503

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $85,012
TOTAL EXPENSES $85,012

Year-over-Year Comparison

2024 2023 Change
Revenue $67,503 N/A N/A
Expenses $85,012 N/A N/A
Net Income $-17,509 N/A N/A
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

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
5

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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHRYN SARNECKI CHAIR, PRESIDENT 1.00
Officer Director
$0 $0 $0
LUKE GAALSWYK CHAIR, PRESIDENT 1.00
Officer Director
$0 $0 $0
ANDREW KASID TREASURER 1.00
Officer Director
$0 $0 $0
TIM KORBY SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL AUGER SECRETARY 1.00
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 $67,503 $85,012 $5,547,890 $-17,509
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