713154516RR0001 — 0210
Registered — Toronto, ON — Private Foundation
Scores: Legitimacy 96/100 · Effectiveness 74/100
Financials: Revenue $212,330 · Expenditures $37,841
Erika Heller Foundation has only submitted 33.3% of expected annual filings between 2009 and 2023, significantly limiting the ability to assess its operations. Erika Heller Foundation's revenue is both declining (-49.65% per year) and highly volatile (61.4% standard deviation), indicating sustained financial instability. A 89.4% revenue drop in one year may reflect loss of a major donor or grant funding changes. Erika Heller Foundation holds reserves equivalent to 1381.2 months of operating expenses, well above typical levels. While this may reflect conservative financial management, it could indicate the organization is not deploying resources effectively toward its charitable mission. Two standard compliance checks have not yet been performed: cross-referencing international transfers against countries flagged by the Financial Action Task Force (FATF) for weak anti-money-laundering controls, and verifying the charity isn't transacting with individuals or organizations under government financial restrictions (sanctions screening). These are gaps in the scoring system's reference data, not red flags about this charity.
Our Verdict: A community foundation in Toronto, ON that experienced a 89% revenue drop and operating with zero fundraising overhead — worth reviewing the full analysis despite the overall grade.