Denton, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HEARTS FOR HOMES, founded in 2006, is a small nonprofit in the Human Services sector that reported $689K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $112K, a strong 16% operating margin.
The mission of Hearts for Homes is to improve the living conditions of low-income senior homeowners in Denton County. Hearts for Homes is a nonprofit Christian outreach providing hope and dignity through home rehabilitation, affording low-income seniors, ages 60 and older, a safe, comfortable, and well-functioning home.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $689,084 | $459,491 | +0.5% |
| Expenses | $576,683 | $418,988 | +0.4% |
| Net Income | $112,401 | $40,503 | +1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Susan Frank | CEO | 40 |
Officer
Director
Key Emp
Highest
|
$57,167 | $0 | $57,167 |
| Brett Walford | President | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Mike Vance | Vice President | 0.5 |
Officer
Director
|
$0 | $0 | $0 |
| Janet Shelton | Treasurer | 5 |
Officer
Director
|
$0 | $0 | $0 |
| Don Armstrong | Director | 0.5 |
Director
|
$0 | $0 | $0 |
| Jeff Bennett | Director | 0.5 |
Director
|
$0 | $0 | $0 |
| Andy Braack | Director | 0.5 |
Director
|
$0 | $0 | $0 |
| Lisa Cave | Director | 0.5 |
Director
|
$0 | $0 | $0 |
| Ron Strelke | Director | 1 |
Director
|
$0 | $0 | $0 |
| Sam Williamson | Director | 0.5 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $689,084 | $576,683 | $615,001 | $112,401 |
| 2022 | $459,491 | $418,988 | $526,584 | $40,503 |
| 2021 | $439,525 | $363,028 | $392,189 | $76,497 |
| 2020 | $361,101 | $359,236 | $319,006 | $1,865 |
| 2019 | $376,460 | $374,251 | $313,064 | $2,209 |
| 2018 | $314,314 | $318,318 | $304,807 | $-4,004 |
Compare HEARTS FOR HOMES with other nonprofits in Texas and across the country.