HEART GALLERY OF ALABAMA 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

2006

Legal Domicile

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 $814K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $225K, a strong 28% operating margin.

Mission

HEART GALLERY ALABAMA CONNECTS YOUTH IN FOSTER CARE WITH CARING ADULTS WHO PROVIDE THE STABILITY AND GUIDANCE THEY NEED TO THRIVE.WE FULFILL OUR MISSION UTILIZING PROFESSIONAL PHOTOGRAPHERS WHO CAPTURE EACH CHILD'S UNIQUE PERSONALITY. THESE IMAGES AND VIDEOS ARE SHARED ACROSS THE STATE WHERE POTENTIAL FAMILIES CAN LEARN MORE ABOUT THEM. HGA CELEBRATES EACH CHILD'S BIRTHDAY AND OTHER SPECIAL OCCASIONS SO THAT THEY FEEL LOVED AND SUPPORTED WHILE THEY WAIT. THEY ARE IN PARTNERSHIP WITH BIG BROTHERS & BIG SISTERS TO MATCH A CHILD WITH A MENTOR TO HELP THEM NAVIGATE THEIR TRANSITION INTO ADULTHOOD.

Program Service Accomplishments

Program 1

Expenses: $493,245

HEART GALLERY ALABAMA CONNECTS YOUTH IN FOSTER CARE WITH CARING ADULTS WHO PROVIDE THE STABILITY AND GUIDANCE THEY NEED TO THRIVE.WE FULFILL OUR MISSION UTILIZING PROFESSIONAL PHOTOGRAPHERS WHO...

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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 $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

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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

$65,075

Total Directors

Key Employees

Highest Compensated

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