HEART GALLERY OF ALABAMA INC

EIN: 203026109 501(c)(3) Human Services

BIRMINGHAM, AL

Total Revenue
$813,783
Total Expenses
$588,376
Total Assets
$1,264,567
Net Assets
$1,159,796
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
AL
Principal Officer
MICHELLE BEARMAN-WOLNEK
Phone
2054451293
Tax Period
2024-01-01 to 2024-12-31

HEART GALLERY OF ALABAMA INC, founded in 2006, is a small nonprofit in the Human Services sector that reported $450K in total revenue in fiscal year 2018. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 17% operating margin.

Mission

HEART GALLERY OF ALABAMA, INC.'S (HGA) MISSION IS TO CONNECT YOUTH IN FOSTER CARE WITH SUPPORTIVE ADULTS WHO PROVIDE STABILITY AND GUIDANCE THEY NEED TO THRIVE.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $748,860
Program Service Revenue $0
Investment Income $86,763
Other Revenue $-21,840
TOTAL REVENUE $813,783

Expense Breakdown

Grants Paid $0
Salaries & Benefits $236,582
Fundraising Expenses $31,712
Program Expenses $493,245
Other Expenses $351,794
TOTAL EXPENSES $588,376

Year-over-Year Comparison

2024 2023 Change
Revenue $813,783 $576,405 +0.4%
Expenses $588,376 $423,104 +0.4%
Net Income $225,407 $153,301 +0.5%
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

Sign In

Governance

Voting Members
13
Independent Members
13
Employees
5
Volunteers
13

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
5
$65,075
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW VARAGANO MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER FLINT MEMBER 1.00
Director
$0 $0 $0
DEVYN GILMER BOARD CHAIR 1.00
Officer Director
$0 $0 $0
MELANIE NICHOLS PAST PRESIDENT 1.00
Director
$0 $0 $0
JOHN MCELHENY GOVERNANCE CHAIR 1.00
Officer Director
$0 $0 $0
MARCUS SKIPWORTH FINANCE CHAIR 1.00
Officer Director
$0 $0 $0
SUE HENGEL DEVELOPMENT CHAIR 1.00
Officer Director
$0 $0 $0
ANDY LOEHR MEMBER 1.00
Director
$0 $0 $0
NECOLE EZELL MEMBER 1.00
Director
$0 $0 $0
MELANIE TALBOT MEMBER 1.00
Director
$0 $0 $0
DONNA BARTON MEMBER 1.00
Director
$0 $0 $0
JONATHAN FLEISHER MEMBER 1.00
Director
$0 $0 $0
DAIQUIRI STEELE MEMBER 1.00
Director
$0 $0 $0
MICHELLE BEARMAN-WOLNEK EXECUTIVE DIRECTOR 40.00
Officer
$60,123 $4,952 $65,075
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 $813,783 $588,376 $1,264,567 $225,407
2023 $576,405 $423,105 $966,539 $153,300
2022 $430,653 $539,881 $785,529 $-109,228
2021 $438,625 $360,739 $731,894 $77,886
2020 $372,777 $319,990 $620,245 $52,787
2019 $461,917 $382,388 $535,762 $79,529
2018 $449,615 $375,052 $427,173 $74,563
Explore More Nonprofits
Top 100 Nonprofits in Alabama Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare HEART GALLERY OF ALABAMA INC with other nonprofits in Alabama and across the country.