HEART LOVE & SOUL INC

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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

1983

Legal Domicile

Principal Officer

J SUZAN BEN

Phone

7162825687

Tax Period

2023-01-01 to 2023-12-31

HEART LOVE & SOUL INC, founded in 1983, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.0M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Net assets of $9.0M represent 53 months of operating reserves.

Mission

THE ORGANIZATION IS DEDICATED TO FEEDING THE POOR AND IMPROVING THEIR QUALITY OF LIFE THROUGH SELF-HELP AND EDUCATIONAL PROGRAMS. IT IS CONSIDERED ESSENTIAL THAT THE CORPORATION CONTINUE TO FUNCTION WITH THIS PURPOSE AND MISSION AS ITS PRIMARY DIRECTIVE.

Program Service Accomplishments

Program 1

Expenses: $1,030,536

FEEDING THE POOR IN THE COMMUNITY AND IMPROVING THEIR QUALITY OF LIFE, AND PROVIDED TRAINING IN FOOD PREPARATION.

Program 2

Expenses: $560,807

THE DAYBREAK PROGRAM SPECIALIZES IN HUMAN SERVICES SUPPORT, UTILIZING RESOURCES IN THE COMMUNITY TO EMPOWER INDIVIDUALS TO REACH THEIR FULL POTENTIAL WHILE OVERCOMING OBSTACLES AND CHALLENGES THEY...

THE DAYBREAK PROGRAM SPECIALIZES IN HUMAN SERVICES SUPPORT, UTILIZING RESOURCES IN THE COMMUNITY TO EMPOWER INDIVIDUALS TO REACH THEIR FULL POTENTIAL WHILE OVERCOMING OBSTACLES AND CHALLENGES THEY MAY FACE. THE PROGRAM INCLUDES ON-SITE ACCESS TO CASE MANAGEMENT, MEDICAL CONSULTATION, SHOWERS, LAUNDRY, HAIRCUTS, MAILBOXES, COMPUTERS, PHONES, AND VOICEMAIL.IT ALSO PROVIDES REFERRALS TO OTHER PROGRAMS, SUCH AS JOB READINESS, RESUME WRITING, FINANCIAL COUNSELING, MENTAL HEALTH, SUBSTANCE ABUSE, PEER SUPPORT, AND HEALTHY LIFESTYLE PROGRAMS.

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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 $1,863,886

Program Service Revenue $0

Investment Income $29,787

Other Revenue $127,704

TOTAL REVENUE $2,021,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,125,683

Fundraising Expenses $221,471

Program Expenses $1,591,343

Other Expenses $984,296

TOTAL EXPENSES $2,109,979

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,021,377	$2,511,044	-0.2%
Expenses	$2,109,979	$1,915,717	+0.1%
Net Income	$-88,602	$595,327	-1.1%

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

350

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

$96,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BAETZHOLD	Executive Direc	40.00	Officer	$96,000	$0	$96,000
REV RAY ALLEN	President	1.00	Officer Director	$0	$0	$0
J SUZAN BEN	Vice President	1.00	Officer Director	$0	$0	$0
LAURA MARKLE CPA	Treasurer	1.00	Officer Director	$0	$0	$0
LINUS ORMSBY	Secretary	1.00	Officer Director	$0	$0	$0
CARL CAIN	Direc At-Large	1.00	Director	$0	$0	$0
BRIAN ARCHIE	Director	1.00	Director	$0	$0	$0
RHONDA BIVINS-TALLEY	Director	1.00	Director	$0	$0	$0
ROBERT BRADLEY	Director	1.00	Director	$0	$0	$0
LAURA BUISCH	Director	1.00	Director	$0	$0	$0
SCOTT CARROLL	Director	1.00	Director	$0	$0	$0
LYN DYSTER	Director	1.00	Director	$0	$0	$0
AL HAMMONDS	Director	1.00	Director	$0	$0	$0
VINCENT JOWDY	Director	1.00	Director	$0	$0	$0
KEVIN NEPHEW	Director	1.00	Director	$0	$0	$0
NICOLE SAVAGE	Director	1.00	Director	$0	$0	$0
FR GREGORY SEMENIUK	Director	1.00	Director	$0	$0	$0
PATRICIA VILLANI	Director	1.00	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
2024	No data	No data	No data	No data
2023	$2,021,377	$2,109,979	$9,428,376	$-88,602
2022	$2,511,044	$1,915,717	$8,936,107	$595,327
2021	$2,145,018	$1,524,554	$8,940,763	$620,464
2020	$2,027,102	$1,088,101	$7,997,871	$939,001
2019	$2,236,420	$912,672	$6,836,553	$1,323,748
2018	$1,954,593	$994,098	$5,102,849	$960,495