HEARTFIRST CHARITABLE FOUNDATION

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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

2007

Legal Domicile

Principal Officer

SYDNEY MORTENSEN

Phone

8007045004

Tax Period

2023-01-01 to 2023-12-31

HEARTFIRST CHARITABLE FOUNDATION, founded in 2007, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $72K in total revenue in fiscal year 2023. Revenue surged 6478% from the prior year, signaling strong growth momentum. Expenses of $106K exceeded revenue, resulting in a 47% operating deficit.

Mission

TO ADVANCE, SUPPORT, PROMOTE AND ADMINISTER CHARITABLE ACTIVITIES, CAUSES AND PROJECTS OF EVERY KIND AND NATURE WHATSOEVER ON THE FOUNDATION'S OWN BEHALF OR IN PARTNERSHIP WITH OTHER 501(C)(3) ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $100,000 Revenue: $0

HEARTFIRST CHARITABLE FOUNDATION PARTNERED WITH THE AMERICAN HEART ASSOCIATION TO PROVIDE FUNDING FOR LIFESAVING RESEARCH IN THE FIGHT AGAINST HEART DISEASE AND STROKE, ADVOCATE FOR HEALTHIER...

HEARTFIRST CHARITABLE FOUNDATION PARTNERED WITH THE AMERICAN HEART ASSOCIATION TO PROVIDE FUNDING FOR LIFESAVING RESEARCH IN THE FIGHT AGAINST HEART DISEASE AND STROKE, ADVOCATE FOR HEALTHIER COMMUNITIES, IMPROVE PATIENT CARE, AND WORK FOR EQUITABLE HEALTH FOR ALL PEOPLE.

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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 $59,000

Program Service Revenue $0

Investment Income $13,355

Other Revenue $0

TOTAL REVENUE $72,355

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,000

Other Expenses $6,413

TOTAL EXPENSES $106,413

Year-over-Year Comparison

	2023	2022	Change
Revenue	$72,355	$1,100	+64.8%
Expenses	$106,413	$25	+4255.5%
Net Income	$-34,058	$1,075	-32.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SYDNEY MORTENSEN	PRESIDENT & SECRETARY	1.00	Officer Director	$0	$0	$0
CONIK RUNYON	CHIEF EXECUTIVE OFFICER	1.00	Officer Director	$0	$0	$0
DELANEY RUNYON	TREASURER	1.00	Officer 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	$72,355	$106,413	$658,885	$-34,058
2022	$1,100	$25	$690,193	$1,075
2021	$7,600	$453,375	$690,118	$-445,775
2020	$98,853	$704,421	$1,135,893	$-605,568
2019	$392,053	$23,078	$1,745,461	$368,975
2018	$343,447	$15,909	$1,371,486	$327,538