CHILDREN AT HEART ADOPTION SVCS INC (EIN 141783554) - 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

2005

Legal Domicile

Principal Officer

MARK J BERGERON

Tax Period

2023-07-01 to 2024-06-30

CHILDREN AT HEART ADOPTION SVCS INC, founded in 2005, is a small nonprofit in the International Affairs sector that reported $188K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $207K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROVIDE ADOPTION PLACEMENT FOR MOTHERS IN NC WHO PLACE THEIR BABY UP FOR ADOPTION WITH APPROVED ADOPTIVE PARENTS. SUPPORT IS PROVIDED TO BIRTH MOTHERS BEFORE AND AFTER THE ADOPTION PROCESS.

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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 $4,403

Program Service Revenue $183,489

Investment Income $0

Other Revenue $0

TOTAL REVENUE $187,892

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,775

Fundraising Expenses $0

Program Expenses $185,840

Other Expenses $89,336

TOTAL EXPENSES $207,111

Year-over-Year Comparison

	2023	2022	Change
Revenue	$187,892	$154,541	+0.2%
Expenses	$207,111	$201,996	+0.0%
Net Income	$-19,219	$-47,455	-0.6%

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

$50,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANICE BERGERON	PRESIDENT	65.00	Officer	$50,400	$0	$50,400
MARK J BERGERON	VICE PRES	55.00	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	$187,892	$207,111	$91,965	$-19,219
2023	$154,541	$201,996	$115,771	$-47,455
2022	$198,664	$226,680	$165,036	$-28,016
2021	$126,380	$213,051	$108,189	$-86,671
2020	$171,755	$189,623	$181,019	$-17,868
2019	$170,397	$180,490	$110,533	$-10,093
2018	$201,922	$209,315	$126,541	$-7,393

CHILDREN AT HEART ADOPTION SVCS INC