HEARTSONG INC (EIN 133665796) - 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

1992

Legal Domicile

Principal Officer

MARION ANDERSON DIRECTOR

Phone

9148725227

Tax Period

2024-07-01 to 2025-06-30

HEARTSONG INC, founded in 1992, is a small nonprofit in the Human Services sector that reported $382K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum.

Mission

HEARTSONGS MISSION IS TO PROVIDE CLINICALLY BASED MUSIC AND ART THERAPY PROGRAMS THAT SEEK TO ENHANCE THE FUNCTIONING LEVEL AND QUALITY OF LIFE FOR CHILDREN WITH SPECIAL NEEDS AND THEIR FAMILIES LOCATED IN WESTCHESTER COUNTY, NY., BUT DRAWING CHILDREN FROM THROUGHOUT THE

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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 $129,621

Program Service Revenue $165,445

Investment Income $1,850

Other Revenue $85,577

TOTAL REVENUE $382,493

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,770

Fundraising Expenses $52,518

Program Expenses $212,971

Other Expenses $186,180

TOTAL EXPENSES $372,950

Year-over-Year Comparison

	2024	2023	Change
Revenue	$382,493	$262,512	+0.5%
Expenses	$372,950	$271,116	+0.4%
Net Income	$9,543	$-8,604	-2.1%

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

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

$28,965

Total Directors

$28,965

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARION ANDERSON	EXECUTIVE DIRECTOR	15.00	Officer Director	$28,965	$0	$28,965
GINA DI FOLCO	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN ALLEN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MARY STAPLETON	SECRETARY	1.00	Officer Director	$0	$0	$0
JUSTINE RIORDAN	TREASURER	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
2025	$382,493	$372,950	$65,172	$9,543
2024	No data	No data	No data	No data
2022	$275,544	$394,077	$194,204	$-118,533
2021	$418,694	$418,916	$387,117	$-222
2020	$665,606	$300,220	$411,619	$365,386

HEARTSONG INC