GOOD HEARTS YOUTH & FAMILY SERVICES INC (EIN 260197291) - 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

JOYCE WATSON WALKER

Phone

2812984028

Tax Period

2024-01-01 to 2024-12-31

GOOD HEARTS YOUTH & FAMILY SERVICES INC, founded in 2007, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE A SOLID FOUNDATION FOR CHILDREN IN CARE, IN ORDER TO DEVELOP NURTURING RELATIONSHIPS THAT PROMOTE CHRISTIAN RESPONSIBILITY AS CONTRIBUTING MEMBERS OF SOCIETY. GOOD HEARTS STRIVES TO TRAIN THEIR FOSTER PARENTS TO BE NOT JUST FOSTER PARENTS, BUT TO BE PARENTS TO THE CHILDREN PLACED IN THEIR CARE.

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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 $0

Program Service Revenue $1,838,377

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,838,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $574,832

Fundraising Expenses $0

Program Expenses $1,346,131

Other Expenses $1,348,814

TOTAL EXPENSES $1,923,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,838,377	$1,770,166	+0.0%
Expenses	$1,923,646	$1,777,849	+0.1%
Net Income	$-85,269	$-7,683	+10.1%

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

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

$153,028

Total Directors

$153,028

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZAH RAY RIGGINS	PRESIDENT	1.00	Officer Director	$0	$0	$0
BEVELYN JORDAN	TREASURER	1.00	Officer Director	$0	$0	$0
JOYCE WATSON WALKER	EXEC DIR/SEC	40.00	Officer Director	$153,028	$0	$153,028
EDWARD HILLMAN	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
2024	$1,838,377	$1,923,646	$574,005	$-85,269
2023	$1,770,166	$1,777,849	$558,815	$-7,683
2023	$1,770,166	$1,777,849	$558,815	$-7,683
2022	$1,697,656	$1,665,609	$611,903	$32,047
2021	$1,696,459	$1,765,043	$211,452	$-68,584
2020	$2,323,064	$2,202,051	$266,763	$121,013
2019	$2,219,731	$2,206,410	$212,805	$13,321
2018	$2,165,726	$2,138,783	$201,315	$26,943

GOOD HEARTS YOUTH & FAMILY SERVICES INC