HEARTS FOR THE HOMELESS OF WNY INC (EIN 223245314) - 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

1993

Legal Domicile

Phone

7168773536

Tax Period

2024-01-01 to 2024-12-31

HEARTS FOR THE HOMELESS OF WNY INC, founded in 1993, is a small nonprofit in the Religion sector that reported $586K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $680K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE ORGANIZATIONS PURPOSE IS TO PROVIDE PHYSICAL, EMOTIONAL, AND SPIRITUAL RELIEF TO THE HOMELESS,POOR AND DISTRESSED, AND TO SHARE THE GOSPEL OF JESUS CHRIST - SUPPORTED BY HEARTS FOUNDATION, INC.

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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 $583,964

Program Service Revenue $0

Investment Income $2,074

Other Revenue $0

TOTAL REVENUE $586,038

Expense Breakdown

Grants Paid $273,051

Salaries & Benefits $159,174

Fundraising Expenses $0

Program Expenses $651,889

Other Expenses $247,441

TOTAL EXPENSES $679,666

Year-over-Year Comparison

	2024	2023	Change
Revenue	$586,038	$417,613	+0.4%
Expenses	$679,666	$349,396	+0.9%
Net Income	$-93,628	$68,217	-2.4%

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

$163,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS M CALANDRA	CEO AND PRESIDENT	25.00	Officer	$0	$0	$163,000
RICHARD R IZZO	MEMBER	1.00	Director	$0	$0	$0
DAVID J NORTON	MEMBER	1.00	Director	$0	$0	$0
SUMMER HANDZLIK	MEMBER	0.00	Director	$0	$0	$0
JOSEPH P HATCH III	MEMBER AND SECRETARY	1.00	Officer Director	$0	$0	$0
FRANK DIMARIA	MEMBER AND TREASURER	0.00	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
2024	$586,038	$679,666	$991,787	$-93,628
2023	$417,613	$349,396	$1,062,956	$68,217
2022	$614,497	$539,770	$1,040,779	$74,727
2022	$614,497	$539,770	$1,040,779	$74,727
2021	$732,497	$454,175	$1,132,870	$278,322
2020	$507,925	$348,701	$831,602	$159,224
2019	$638,479	$567,779	$566,753	$70,700
2018	$567,351	$532,726	$480,813	$34,625

HEARTS FOR THE HOMELESS OF WNY INC