HEARTH INC (EIN 043206820) - 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

1993

Legal Domicile

Principal Officer

RHONDA PIERONI

Phone

6173691550

Tax Period

2024-01-01 to 2024-12-31

HEARTH INC, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $4.6M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $6.3M exceeded revenue, resulting in a 38% operating deficit.

Mission

HEARTH, INC. (HEARTH) IS A NONPROFIT ORGANIZATION DEDICATED TO THE ELIMINATION AMONG ELDER HOMELESSNESS. THIS MISSION IS ACCOMPLISHED THROUGH A UNIQUE BLEND OF PREVENTION, PLACEMENT, AND HOUSING PROGRAMS ALL DESIGNED TO HELP ELDERS FIND AND SUCCEED IN HOMES OF THEIR OWN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,467,885

Program Service Revenue $1,629,284

Investment Income $359,715

Other Revenue $108,592

TOTAL REVENUE $4,565,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,227,290

Fundraising Expenses $322,345

Program Expenses $4,011,056

Other Expenses $2,052,924

TOTAL EXPENSES $6,280,214

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,565,476	$5,425,088	-0.2%
Expenses	$6,280,214	$6,046,087	+0.0%
Net Income	$-1,714,738	$-620,999	+1.8%

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

124

Volunteers

172

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

$308,268

Total Directors

$200,311

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RHONDA PIERONI	PRES. & CEO	38.00	Officer Director	$185,161	$15,150	$200,311
DOUGLASS POUTASSE	CHAIR	2.00	Officer Director	$0	$0	$0
ALVETA HAYNES	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
RAMESH ADVANI	TREASURER (AS OF 4/24)	2.00	Officer Director	$0	$0	$0
KARYN SCHEIER	CLERK	2.00	Officer Director	$0	$0	$0
GREGORY MANOUSOS	TREASURER (UNTIL 4/24)/ BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN MCCALL	PAST CHAIR	2.00	Director	$0	$0	$0
ALAN ABRAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER BOTTOMLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
REBECCA TYLER BROWN	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS BYRNE	BOARD MEMBER	2.00	Director	$0	$0	$0
ELLEN FEINGOLD	BOARD MEMBER	2.00	Director	$0	$0	$0
MARILYN MILLER	BOARD MEMBER	2.00	Director	$0	$0	$0
GREGORY MINOTT	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY PARKER	BOARD MEMBER	2.00	Director	$0	$0	$0
TANIA PHILLIPS	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT WADSWORTH	BOARD MEMBER	2.00	Director	$0	$0	$0
STACEY ZAWEL	BOARD MEMBER	2.00	Director	$0	$0	$0
PRANITA AMARASINGHE	BOARD MEMBER	2.00	Director	$0	$0	$0
MILES BYRNE	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANE VALLE	BOARD MEMBER	2.00	Director	$0	$0	$0
AYAZ HAMEED	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER MOLINSKY	BOARD MEMBER	2.00	Director	$0	$0	$0
MEENA SHARMA	BOARD MEMBER	2.00	Director	$0	$0	$0
BARBARA MARSHALL	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREW COLE	VP OF FINANCE (AS OF 7/24)	38.00	Officer	$78,012	$1,308	$79,320
MICHAEL BURMAN	CFO (UNTIL 1/24)	38.00	Officer	$27,758	$879	$28,637
LINDA VENDOLA	CONTROLLER	38.00	Highest	$120,349	$19,364	$139,713

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	$4,565,476	$6,280,214	$9,601,808	$-1,714,738
2023	$5,425,088	$6,046,087	$11,436,732	$-620,999
2022	$3,829,738	$5,272,765	$11,403,680	$-1,443,027
2021	$7,949,326	$8,081,015	$12,790,165	$-131,689
2020	$5,426,403	$4,921,512	$27,593,347	$504,891
2019	$4,598,799	$4,199,134	$9,761,319	$399,665
2018	$5,016,266	$4,044,107	$8,537,412	$972,159

HEARTH INC