HEARTS OF GOLD INC (EIN 134194879) - 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

2001

Legal Domicile

Principal Officer

DEBORAH KOENIGSBERGER

Phone

2122061461

Tax Period

2024-01-01 to 2024-12-31

HEARTS OF GOLD INC, founded in 2001, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.4M exceeded revenue, resulting in a 26% operating deficit.

Mission

HELP ENRICH THE LIVES OF HOMELESS MOTHERS AND THEIR CHILDREN; TRAIN WOMEN TO ENTER THE JOB MARKET THEREBY OBTAINING THEIR OWN HOME.

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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 $663,625

Program Service Revenue $0

Investment Income $14,113

Other Revenue $402,027

TOTAL REVENUE $1,079,765

Expense Breakdown

Grants Paid $149,077

Salaries & Benefits $283,268

Fundraising Expenses $117,355

Program Expenses $1,024,957

Other Expenses $931,986

TOTAL EXPENSES $1,364,331

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,079,765	$1,037,505	+0.0%
Expenses	$1,364,331	$1,119,185	+0.2%
Net Income	$-284,566	$-81,680	+2.5%

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

$179,430

Total Directors

$179,430

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH KOENIGSBERGER	CEO	40.00	Officer Director	$179,430	$0	$179,430
FLORIAN KOENIGSBERGER	ASSOCIATE DIRECTOR	5.00	Director	$0	$0	$0
CHRISTOPHER POULTON	ASSOCIATE DIRECTOR	5.00	Director	$0	$0	$0
TOM WANG	ASSOCIATE DIRECTOR	10.00	Director	$0	$0	$0
BRENDA BERGER	ASSOCIATE DIRECTOR	5.00	Director	$0	$0	$0
CLAUDE CASTRO	ASSOCIATE DIRECTOR	5.00	Director	$0	$0	$0
LILLIE NKENCHOR	ASSOCIATE DIRECTOR	5.00	Director	$0	$0	$0
JORDAN TAMCHIN	ASSOCIATE DIRECTOR	5.00	Director	$0	$0	$0
JACK GINDI	VICE CHAIRMAN	5.00	Officer	$0	$0	$0
VALERIE DIFEBO	CHAIRPERSON	5.00	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
2024	$376,784	$1,364,331	$1,306,807	$-987,547
2024	$1,079,765	$1,364,331	$1,306,807	$-284,566
2023	$1,037,505	$1,119,185	$2,297,102	$-81,680
2022	$1,125,422	$1,080,093	$2,375,833	$45,329
2022	$1,125,422	$1,080,093	$2,375,833	$45,329
2021	$1,074,372	$806,052	$2,361,545	$268,320
2020	$1,121,063	$929,864	$2,219,987	$191,199
2019	$839,531	$1,038,719	$1,895,087	$-199,188
2018	$1,212,912	$1,094,337	$2,092,463	$118,575

HEARTS OF GOLD INC