BOBBY RESCINITI HEALING HEARTS FOUNDATION INC (EIN 260146851) - 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

2007

Legal Domicile

Principal Officer

ROBERT RESCINITI

Phone

5616033819

Tax Period

2024-01-01 to 2024-12-31

BOBBY RESCINITI HEALING HEARTS FOUNDATION INC, founded in 2007, is a micro nonprofit in the Human Services sector that reported $40K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $94K exceeded revenue, resulting in a 137% operating deficit.

Mission

THE FOUNDATION PROVIDES HELP IN THE HEALING PROCESS FOR PARENTS AND GUARDIANS SUFFERING FROM THE LOSS OF A CHILD OR CHILDREN THROUGH GRIEF COUNSELING, SIBLING LOSS SUPPORT GROUPS, PORTRAITS, AND SCHOLARSHIPS.

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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 $24,028

Program Service Revenue $0

Investment Income $5,281

Other Revenue $10,316

TOTAL REVENUE $39,625

Expense Breakdown

Grants Paid $5,050

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $34,955

Other Expenses $88,838

TOTAL EXPENSES $93,888

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,625	$74,559	-0.5%
Expenses	$93,888	$89,381	+0.1%
Net Income	$-54,263	$-14,822	+2.7%

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
ROBERT RESCINITI	PRESIDENT	35.00	Officer Director	$0	$0	$0
DIANE RESCINITI	VICE-PRES.	5.00	Officer Director	$0	$0	$0
MICHELLE RESCINITI	SECRETARY	2.00	Officer Director	$0	$0	$0
RICHARD REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
DR TINA REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT FIORILLI	TREASURER	27.00	Officer Director	$0	$0	$0
SCOTT WILSON	DIRECTOR	3.00	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	No data	No data	No data	No data
2024	$39,625	$93,888	$489,433	$-54,263
2023	$74,559	$89,381	$543,696	$-14,822
2022	$141,829	$112,805	$558,518	$29,024
2021	$59,070	$80,019	$529,494	$-20,949
2020	$70,195	$79,289	$550,443	$-9,094

BOBBY RESCINITI HEALING HEARTS FOUNDATION INC