HEART FOR THE CITY (EIN 260559586) - 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

JOSEPH ERIQUEZ

Phone

6024995059

Tax Period

2023-01-01 to 2023-12-31

HEART FOR THE CITY, founded in 2007, is a small nonprofit in the Human Services sector that reported $211K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $282K exceeded revenue, resulting in a 34% operating deficit.

Mission

HEART FOR THE CITY IS COMMITTED TO THE PHYSICAL, EMOTIONAL AND SPIRITUAL (CONTINUED ON SCHEDULE O) (CONTINUED FROM 990 PAGE 1) WELL-BEING OF THE CHILDREN AND POOR FAMILIES OF THE INNER CITY COMMUNITIES. SPECIAL EMPHASIS IS PLACED ON LOW-INCOME NEIGHBORHOODS OF GLENDALE BY CREATING INNOVATIVE SOLUTIONS TO THE DIFFICULT SOCIAL PROBLEMS THAT POOR FAMILIES FACE DAILY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $170,968

Program Service Revenue $0

Investment Income $5,707

Other Revenue $33,874

TOTAL REVENUE $210,549

Expense Breakdown

Grants Paid $18,750

Salaries & Benefits $191,122

Fundraising Expenses $22,373

Program Expenses $230,208

Other Expenses $72,105

TOTAL EXPENSES $281,977

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,549	$366,951	-0.4%
Expenses	$281,977	$336,368	-0.2%
Net Income	$-71,428	$30,583	-3.3%

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

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

$42,164

Total Directors

$42,164

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH ERIQUEZ JR	PRESIDENT / CEO	40.00	Officer Director	$42,164	$0	$42,164
PAUL ZAMPINI	DIRECTOR	2.00	Director	$0	$0	$0
JEFF AST	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS HESANO	DIRECTOR	2.00	Director	$0	$0	$0
JERRY KRAMER	DIRECTOR	2.00	Director	$0	$0	$0
JAMES KORDON	CHAIRMAN	2.00	Officer Director	$0	$0	$0
YVONNE KNAACK	SECRETARY	2.00	Officer Director	$0	$0	$0
JASON BRAUNSTEIN	TREASURER	2.00	Officer 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	No data	No data	No data	No data
2023	$210,549	$281,977	$58,424	$-71,428
2022	$366,951	$336,368	$65,007	$30,583
2021	$276,979	$300,901	$69,114	$-23,922
2020	$363,296	$387,633	$96,784	$-24,337
2019	$434,461	$451,334	$81,967	$-16,873
2018	$501,318	$483,399	$107,820	$17,919

HEART FOR THE CITY