Warm Hearth Inc (EIN 237378013) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Phone

5405529176

Tax Period

2023-10-01 to 2024-09-30

WARM HEARTH INC, founded in 1974, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2017.

Mission

THE CORPORATION PROVIDES SUPERVISION, MANAGEMENT AND DEVELOPMENT SERVICES TO A SENIORS HOUSING COMMUNITY WHICH IS OPERATED BY 501(C)(3) AND 501(C)(4) ORGANIZATIONS AND PROVIDES HOUSING TO APPROXIMATELY 500 ELDERLY AND HANDICAPPED PERSONS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $34,299

Program Service Revenue $2,669,507

Investment Income $219,048

Other Revenue $0

TOTAL REVENUE $2,922,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,697,140

Fundraising Expenses $0

Program Expenses $1,891,124

Other Expenses $1,310,675

TOTAL EXPENSES $3,007,815

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,922,854	$5,082,852	-0.4%
Expenses	$3,007,815	$2,870,705	+0.0%
Net Income	$-84,961	$2,212,147	-1.0%

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

501

Volunteers

250

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

$343,178

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Allan Bookout	Vice Chairman / Treasurer	3.5	Officer Director	$0	$0	$0
Ed Spencer	Chair	3.5	Officer Director	$0	$0	$0
Hing-Har Lo	Secretary	3.5	Officer Director	$0	$0	$0
William Price	Vice Chairman	3.5	Officer Director	$0	$0	$0
Bridget McMahon	Director	3.5	Director	$0	$0	$0
Charles Johnson	Director	3.5	Director	$0	$0	$0
Heather Ducote	Director	3.5	Director	$0	$0	$0
Jason Pospichal	Director	3.5	Director	$0	$0	$0
Karen Hanks	Director	4.0	Director	$0	$0	$0
Katherine Allen	Director	3.5	Director	$0	$0	$0
Meg Stone	Director	3.5	Director	$0	$0	$0
Mike Spears	Director	4.0	Director	$0	$0	$0
Pamela Teaster	Director	3.5	Director	$0	$0	$0
Richard Shepherd	Director	3.5	Director	$0	$0	$0
Savanna Dyer	Director	3.5	Director	$0	$0	$0
Thomas Pierce	Director	4.0	Director	$0	$0	$0
Tommy McDearis	Director	3.5	Director	$0	$0	$0
Molly Nevitt	CFO	36.0	Officer	$148,246	$3,923	$152,169
William Lester	President and CEO	36.0	Officer	$185,761	$5,248	$191,009
Alison Trigg	Showalter Admin	36.0	Highest	$105,534	$499	$106,033
Kevin Sands	RN Director	36.0	Highest	$106,749	$3,140	$109,889
Shaunna Andrews	Director of Nursing	36.0	Highest	$103,685	$2,061	$105,746
Tambra Dixon	VP of Philanthropy	36.0	Highest	$120,181	$3,317	$123,498
Walter Williams	Director of Network Services	36.0	Highest	$107,463	$3,292	$110,755

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	$2,922,854	$3,007,815	$13,806,305	$-84,961
2023	$5,082,852	$2,930,454	$13,558,191	$2,152,398
2022	$2,131,943	$2,253,769	$9,848,371	$-121,826
2021	$4,031,102	$1,975,534	$10,786,926	$2,055,568
2020	$1,592,552	$2,063,930	$10,491,427	$-471,378
2019	$1,873,955	$2,372,868	$9,207,830	$-498,913
2018	$1,919,995	$1,973,307	$8,455,058	$-53,312

Warm Hearth Inc