THE HEART & SOUL CHARITABLE FUND INC (EIN 133879288) - 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

1988

Legal Domicile

Principal Officer

THOMAS BLUM

Phone

9177699547

Tax Period

2022-07-01 to 2023-06-30

THE HEART & SOUL CHARITABLE FUND INC, founded in 1988, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $313K in total revenue in fiscal year 2022. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $96K, a strong 30% operating margin.

Mission

To support community-based programs that SERVE NY'S MARGINALIZED POPULATIONS THROUGH THE INVESTMENT OF TIME, MONEY AND COMPASSION. TOGETHER WITH OUR PARTNERS AND SUPPORTERS, WE FIND CREATIVE AND INSPIRING WAYS TO SUSTAIN THE CRITICAL WORK THEY DO BY MAKING GRANTS TO EMERGING AND WORTHY NEIGHBORHOOD-BASED ORG. WHOSE NEEDS ARE NOT ADDRESSED BY LARGER CHARITABLE ONE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $309,891

Program Service Revenue $0

Investment Income $3,564

Other Revenue $0

TOTAL REVENUE $313,455

Expense Breakdown

Grants Paid $207,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $208,633

Other Expenses $10,929

TOTAL EXPENSES $217,929

Year-over-Year Comparison

	2022	2021	Change
Revenue	$313,455	$210,420	+0.5%
Expenses	$217,929	$141,547	+0.5%
Net Income	$95,526	$68,873	+0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF FRIEDLANDER	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
PETER N REIKES	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
THOMAS BLUM	TREASURER/DIRECTOR	5.00	Officer Director	$0	$0	$0
ROBIN BOSSERT	DIRECTOR	0.50	Director	$0	$0	$0
TARA McNAMARA	DIRECTOR	0.50	Director	$0	$0	$0
MARILYNN SCOTT MURPHY	DIRECTOR	0.50	Director	$0	$0	$0
RACHEL ZIEMBA	SECRETARY/DIRECTOR	0.50	Officer Director	$0	$0	$0
JEONG-A KIM	DIRECTOR	0.50	Director	$0	$0	$0
PAULA STELZNER	DIRECTOR	0.50		$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$313,455	$217,929	$357,769	$95,526
2022	$210,420	$141,547	$270,172	$68,873
2021	$226,774	$183,176	$191,299	$43,598
2020	$208,464	$221,384	$147,701	$-12,920
2019	$232,462	$216,010	$203,373	$16,452

THE HEART & SOUL CHARITABLE FUND INC