Heritage Park
Heritage Park consistently operates at a deficit, with expenses significantly exceeding revenue for over a decade, leading to declining assets and high liabilities.
EIN: 201917219 · Muskogee, OK · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $61K |
| Total Expenses | $79K |
| Program Spending | 80% |
| Net Assets | $-405,412 |
| Transparency Score | 40/100 |
Is Heritage Park Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heritage Park directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heritage Park
Heritage Park (EIN: 201917219) is a nonprofit organization based in Muskogee, OK, classified under NTEE code L21. The organization reported total revenue of $61K and total assets of $668K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Park's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heritage Park is a micro nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $52K |
| Total Expenses | $79K |
| Surplus / Deficit | $-27,690 |
| Total Assets | $690K |
| Total Liabilities | $1.1M |
| Net Assets | $-405,412 |
| Operating Margin | -53.5% |
| Debt-to-Asset Ratio | 158.7% |
| Months of Reserves | 104.2 months |
Financial Health Grade: C
In 2023, Heritage Park reported a deficit of $28K with expenses exceeding revenue, holds 104.2 months of operating reserves (strong position), has a debt-to-asset ratio of 158.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Heritage Park's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.6% | -9.9% | -2.7% |
| 2022 | +9.4% | -3.8% | -3.1% |
| 2021 | -9.2% | +24.8% | -3.7% |
| 2020 | -7.4% | -2.8% | -2.6% |
| 2019 | +14.3% | -6.4% | -2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heritage Park with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Heritage Park allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 158.7%.
Executive Compensation Analysis
Heritage Park reports 0% officer compensation across all available filings, indicating a volunteer-led organization or one with very low executive pay, which is positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Heritage Park's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in every reported year, e.g., $79,487 expenses vs. $51,797 revenue in 2023).
- Declining asset base over time (from $947,389 in 2014 to $690,396 in 2023).
- High liabilities consistently exceeding total assets (e.g., $1,095,808 liabilities vs. $690,396 assets in 2023), indicating a negative net asset position.
- Potential solvency issues due to the significant imbalance between assets and liabilities.
Strengths
The following positive indicators were identified for Heritage Park:
- Zero officer compensation reported, indicating efficient use of funds at the executive level.
- Consistent filing of IRS 990 forms, demonstrating transparency in reporting.
- Long operating history (13 filings available), suggesting a dedicated mission.
Frequently Asked Questions about Heritage Park
Is Heritage Park a legitimate charity?
Heritage Park (EIN: 201917219) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 40/100. It has 13 years of IRS 990 filings on record. Total revenue: $61K. 4 red flags identified. 3 strengths noted. Financial health grade: C.
How does Heritage Park spend its money?
Heritage Park directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Heritage Park tax-deductible?
Heritage Park is registered as a tax-exempt nonprofit (EIN: 201917219). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Heritage Park's spending goes to programs?
Heritage Park directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Heritage Park compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Heritage Park is near average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heritage Park located?
Heritage Park is headquartered in Muskogee, Oklahoma and files with the IRS under EIN 201917219. It is classified under NTEE code L21.
How many years of IRS 990 filings does Heritage Park have?
Heritage Park has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $61K in total revenue.
How does Heritage Park cover its consistent operating deficits?
The filings consistently show expenses exceeding revenue. For example, in 2023, expenses were $79,487 while revenue was $51,797. This suggests the organization is either drawing down on reserves (though assets are declining) or relying on non-operating income not fully captured, or increasing liabilities, which have remained high.
What is the nature of Heritage Park's high liabilities?
The organization consistently reports liabilities exceeding $1 million (e.g., $1,095,808 in 2023), which are significantly higher than its total assets. This indicates a substantial debt burden or other long-term obligations that are not being offset by current assets.
What is the long-term sustainability outlook for Heritage Park given its financial trends?
With consistent operating deficits, declining assets, and high liabilities over many years, the long-term financial sustainability of Heritage Park appears challenging without significant changes to its revenue generation or expense management strategies.
Filing History
IRS 990 filing history for Heritage Park showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Heritage Park's revenue has grown by 0.4%, moving from $52K to $52K. Total assets decreased by 31.8% over the same period, from $1.0M to $690K. Total functional expenses rose by 13.5%, from $70K to $79K. In its most recent filing year (2023), Heritage Park reported a deficit of $28K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $690K in assets (debt-to-asset ratio: 158.7%), resulting in net assets of $-405,412.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $52K | $79K | $690K | $1.1M | — | — |
| 2022 | $53K | $88K | $710K | $1.1M | — | View 990 |
| 2021 | $49K | $92K | $733K | $1.1M | — | — |
| 2020 | $54K | $74K | $761K | $1.1M | — | View 990 |
| 2019 | $58K | $76K | $781K | $1.1M | — | View 990 |
| 2018 | $51K | $81K | $800K | $1.1M | — | View 990 |
| 2017 | $52K | $77K | $829K | $1.1M | — | View 990 |
| 2016 | $56K | $79K | $856K | $1.1M | — | View 990 |
| 2015 | $54K | $124K | $878K | $1.1M | — | View 990 |
| 2014 | $49K | $79K | $947K | $1.1M | — | View 990 |
| 2013 | $53K | $69K | $972K | $1.1M | — | View 990 |
| 2012 | $50K | $75K | $989K | $1.1M | — | View 990 |
| 2011 | $52K | $70K | $1.0M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $52K, expenses of $79K, and assets of $690K (revenue -2.6% year-over-year).
- 2022: Revenue of $53K, expenses of $88K, and assets of $710K (revenue +9.4% year-over-year).
- 2021: Revenue of $49K, expenses of $92K, and assets of $733K (revenue -9.2% year-over-year).
- 2020: Revenue of $54K, expenses of $74K, and assets of $761K (revenue -7.4% year-over-year).
- 2019: Revenue of $58K, expenses of $76K, and assets of $781K (revenue +14.3% year-over-year).
- 2018: Revenue of $51K, expenses of $81K, and assets of $800K (revenue -3.6% year-over-year).
- 2017: Revenue of $52K, expenses of $77K, and assets of $829K (revenue -5.8% year-over-year).
- 2016: Revenue of $56K, expenses of $79K, and assets of $856K (revenue +3.7% year-over-year).
- 2015: Revenue of $54K, expenses of $124K, and assets of $878K (revenue +8.9% year-over-year).
- 2014: Revenue of $49K, expenses of $79K, and assets of $947K (revenue -7.7% year-over-year).
- 2013: Revenue of $53K, expenses of $69K, and assets of $972K (revenue +7.8% year-over-year).
- 2012: Revenue of $50K, expenses of $75K, and assets of $989K (revenue -3.9% year-over-year).
- 2011: Revenue of $52K, expenses of $70K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heritage Park:
Data Sources and Methodology
This transparency report for Heritage Park is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.