Hearts Afire Inc (EIN 223927470) - 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

2006

Legal Domicile

Principal Officer

Joseph P Pecorato

Phone

9417180341

Tax Period

2024-01-01 to 2024-12-31

Hearts Afire Inc, founded in 2006, is a small nonprofit in the International Affairs sector that reported $862K in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum.

Mission

Transforming lives on the mission field through the promotion of health care, education, and evangelical outreach.

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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 $828,705

Program Service Revenue $0

Investment Income $8

Other Revenue $32,997

TOTAL REVENUE $861,710

Expense Breakdown

Grants Paid $791,206

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $852,981

Other Expenses $101,236

TOTAL EXPENSES $892,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$861,710	$467,412	+0.8%
Expenses	$892,442	$533,139	+0.7%
Net Income	$-30,732	$-65,727	-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

N/A

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
Vilma Vega	Director	5.00	Director	$0	$0	$0
Rhonda Pecoraro	Director	20.00	Director	$0	$0	$0
Joseph P Pecorato	President	20.00	Officer	$0	$0	$0
Andy Rojas	Secretary	1.00	Officer	$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	$861,710	$892,442	$49,718	$-30,732
2023	$467,412	$533,139	$70,769	$-65,727
2022	$1,014,487	$962,207	$137,013	$52,280
2021	$543,256	$596,908	$86,689	$-53,652
2020	$435,651	$499,080	$139,918	$-63,429
2019	$523,484	$481,047	$201,627	$42,437

Hearts Afire Inc