HART CENTER (EIN 231707483) - 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

1968

Legal Domicile

Principal Officer

LARRY SANDERS

Phone

7176244323

Tax Period

2024-07-01 to 2025-06-30

HART CENTER, founded in 1968, is a community nonprofit in the Employment sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $2.0M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE ORGANIZATION PROVIDES WORK TRAINING EXPERIENCES FOR ADULTS WITH DISABILITIES.

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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 $1,170,087

Program Service Revenue $605,430

Investment Income $19,416

Other Revenue $10,789

TOTAL REVENUE $1,805,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,528,135

Fundraising Expenses $149,091

Program Expenses $1,343,850

Other Expenses $468,270

TOTAL EXPENSES $1,996,405

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,805,722	$2,215,351	-0.2%
Expenses	$1,996,405	$1,825,687	+0.1%
Net Income	$-190,683	$389,664	-1.5%

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

141

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

$86,894

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY SANDERS	EXEC DIRCT A	40.00	Officer	$66,421	$531	$66,952
LEIGH ANNA NOWAK	EXEC DIRCT T	40.00	Officer	$19,942	$0	$19,942
BETH BECKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAM ISHERWOOD	SECRETARY	1.00	Officer Director	$0	$0	$0
PEGGY MILLER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
AMY SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
JEREMY FREY	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON SMITH	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE OBERLANDER	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE LUNGER	DIRECTOR	1.00	Director	$0	$0	$0
JIM KLUNK	DIRECTOR	1.00	Director	$0	$0	$0
BETIE BERTRAM	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE ALFORD	DIRECTOR	1.00	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
2025	$1,805,722	$1,996,405	$3,923,326	$-190,683
2024	No data	No data	No data	No data
2023	$2,215,351	$1,825,687	$3,992,851	$389,664
2022	$2,070,031	$1,861,908	$3,599,731	$208,123
2021	$1,901,956	$1,776,928	$3,854,808	$125,028
2020	$2,050,675	$1,897,835	$3,538,199	$152,840
2019	$2,213,885	$1,945,803	$3,305,310	$268,082
2018	$2,273,593	$2,014,571	$3,033,039	$259,022

HART CENTER