Friends of Warm Hearth Inc (EIN 203463804) - 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

Bridget Brown

Phone

2066127587

Tax Period

2024-01-01 to 2024-12-31

Friends of Warm Hearth Inc, founded in 2005, is a micro nonprofit in the Human Services sector that reported $9K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $102K exceeded revenue, resulting in a 1041% operating deficit.

Mission

Forever homes for abandoned Armenians with special needs who are over the age of 18. Our activities include vocational, physical, and psychological support to our residents in a setting that mimics family life.

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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 $4,453

Program Service Revenue $0

Investment Income $2,124

Other Revenue $2,392

TOTAL REVENUE $8,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,369

Fundraising Expenses $0

Program Expenses $102,348

Other Expenses $80,979

TOTAL EXPENSES $102,348

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,969	$6,663	+0.3%
Expenses	$102,348	$53,685	+0.9%
Net Income	$-93,379	$-47,022	+1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bridget Brown	Chair	002.00	Director	$0	$0	$0
Chantay Jett	Secretary	005.00	Director	$0	$0	$0
Marshal Bryant	Treasurer	003.00	Director	$0	$0	$0
Lee Ann Williams	Director	001.00	Director	$0	$0	$0
Satenik Grigoryan	Director	005.00	Director	$0	$0	$0
Juliet Setian	Director	003.00	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	$8,969	$102,348	$737,087	$-93,379
2023	$6,663	$53,685	$824,865	$-47,022
2022	$6,374	$52,536	$871,886	$-46,162
2021	$160,562	$113,211	$918,622	$47,351
2020	$243,273	$112,400	$871,845	$130,873

Friends of Warm Hearth Inc