HEARTSONG INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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

Program Service Accomplishments

Program 1

Expenses: $95,565 Revenue: $116,322

HEARTSONG CURRENTLY PARTNERS WITH COMMUNITY BASED AGENCIES IN THE TRI-STATE AREA TO PROVIDE THE BENEFITS OF MUSIC AND/OR THERAPY SERVICES TO CHILDREN WITH SPECIAL NEEDS. WE HAVE APPROACHED EACH OF...

HEARTSONG CURRENTLY PARTNERS WITH COMMUNITY BASED AGENCIES IN THE TRI-STATE AREA TO PROVIDE THE BENEFITS OF MUSIC AND/OR THERAPY SERVICES TO CHILDREN WITH SPECIAL NEEDS. WE HAVE APPROACHED EACH OF THESE PARTNERSHIPS ACKNOWLEDGING IN EACH A UNIQUE SET OF CHALLENGES THAT DEMAND SENSITIVITY AND ACCOMMODATION TO DIFFERENCES OF CULTURE, PROTOCOL, STYLE, AND SOCIAL NORMS, OUR OUTREACH SERVICES (COMMUNITY BASED PROGRAMS)SERVED MORE THAN 200 CHILDREN THROUGH CONTACTED SERVICES. WE WERE IN THREE LOCATIONS: CORNERSTONE CHILDRENS CENTER, WESTCHESTER SCHOOL SPECIAL CHILDREN AND ACDS.

Program 2

Expenses: $59,476 Revenue: $22,965

CREATIVE ARTS THERAPIES, WHEN USED IN A THERAPUTIC SETTING, HAVE BEEN SHOWN TO BENEFIT CHILDREN WITH SPECIAL NEEDS BY IMPROVING ATTENTION SPAN, SPEECH AND LANGUAGE DEVELOPMENT, FINE AND GROSS MOTOR SKILLS. GROUP THERAPY PROGRAM IS OFFERED THREE TEN WEEK SESSIONS DURING SEPTEMBER THROUGH JUNE. ALL FAMILIES RECEIVE THREE CLINICAL TREATMENT SUMMARIES AT THE END OF EACH SESSION. HEARTSONG IS COMMITTED TO MAKING ITS PROGRAM AVAILABLE REGARDLESS OF FAMILYS ABILITY TO PAY.

Program 3

Expenses: $57,930 Revenue: $26,158

CREATIVE DANCE THERAPIES, WHEN USED IN A THERAPUTIC SETTING, HAVE BEEN SHOWN TO BENEFIT CHILDREN WITH SPECIAL NEEDS BY IMPROVING ATTENTION SPAN, SPEECH AND LANGUAGE DEVELOPMENT, FINE AND GROSS MOTOR SKILLS. HEARTSONG IS COMMITTED TO MAKING ITS PROGRAM AVAILABLE REGARDLESS OF FAMILYS ABILITY TO PAY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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