THE MENDED HEARTS INC (EIN 046073589) - 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

1951

Legal Domicile

Principal Officer

AL VOSS

Phone

8004317899

Tax Period

2023-01-01 to 2023-12-31

THE MENDED HEARTS INC, founded in 1951, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum.

Mission

TO INSPIRE HOPE AND IMPROVE THE QUALITY OF LIFE OF HEART PATIENTS AND THEIR FAMILIES THROUGH ONGOING PEER-TO-PEER SUPPORT, EDUCATION AND ADVOCACY.

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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 $2,791,078

Program Service Revenue $159,513

Investment Income $2,924

Other Revenue $23,363

TOTAL REVENUE $2,976,878

Expense Breakdown

Grants Paid $0

Salaries & Benefits $970,937

Fundraising Expenses $326,083

Program Expenses $2,349,737

Other Expenses $1,962,938

TOTAL EXPENSES $2,988,175

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,976,878	$2,019,741	+0.5%
Expenses	$2,988,175	$2,701,689	+0.1%
Net Income	$-11,297	$-681,948	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONDA ADAMO	TRUSTEE / DI	N/A	Director	$0	$0	$0
MIKE BUFFINGTON	TRUSTEE / DI	N/A	Director	$0	$0	$0
ROBERT HOFFMAN	TRUSTEE / DI	N/A	Director	$0	$0	$0
CATHERINE LOBIEN	TRUSTEE / DI	N/A	Director	$0	$0	$0
MARYANN MAYHOOD	TRUSTEE / DI	N/A	Director	$0	$0	$0
LEA PARKER	VICE - PRESI	N/A	Director	$0	$0	$0
NICOLE SANCHEZ	TRUSTEE / DI	N/A	Director	$0	$0	$0
CANDIDA SCHENDEL	TRUSTEE / DI	N/A	Director	$0	$0	$0
RAYMOND TRAPP	TRUSTEE / DI	N/A	Director	$0	$0	$0
ED WAINWRIGHT	TRUSTEE / DI	N/A	Director	$0	$0	$0
DENISE WIDZGOWSKI	PRESIDENT	N/A	Director	$0	$0	$0
AMANDA STEWART	VP - LITTLE	N/A	Officer	$0	$0	$0
AL VOSS	TREASURER	N/A	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
2023	$2,976,878	$2,988,175	$2,823,251	$-11,297
2022	$2,019,741	$2,701,689	$1,702,378	$-681,948
2021	$2,082,676	$1,644,518	$2,067,505	$438,158
2020	$2,177,395	$1,643,863	$1,561,975	$533,532
2019	$2,212,226	$1,535,456	$925,299	$676,770
2018	$1,249,057	$1,625,918	$720,337	$-376,861

THE MENDED HEARTS INC