HEART FOR THE CITY

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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 HAS BEEN WORKING TIRELESSLY TO DO WHATEVER IT TAKES TO RAISE UP A NEW GENERATION THAT CHALLENGES THE PHYSICAL, PSYCHOLOGICAL, INTELLECTUAL, SOCIAL AND EMOTIONAL WALLS THAT TRAP LOW-INCOME, AT-RISK, INNER-CITY YOUTH. (CONTINUED ON SCHEDULE O) (CONTINUED FROM 990 PAGE 2) WE DO THIS BY WORKING WITH THE WHOLE KID. NOT JUST THROUGH SPORTS, NOT JUST THROUGH EDUCATION, NOT JUST THROUGH MENTORING, NOT JUST THROUGH JOB TRAINING, BUT A PROGRAM THAT BREAKS DOWN THE WALLS IN ALL OF THESE DIMENSIONS OF AN AT-RISK YOUTH'S LIFE.

Program Service Accomplishments

Program 1

Expenses: $106,579

HFTC PROVIDES SPORTS PROGRAMS THAT ALLOW YOUNG PEOPLE LIVING IN LOW-INCOME, HIGH-CRIME AREAS AROUND PHOENIX TO PARTICIPATE IN ORGANIZED ACTIVITIES. HFTC PROVIDES MENTORS, TRANSPORTATION, EQUIPMENT...

HFTC PROVIDES SPORTS PROGRAMS THAT ALLOW YOUNG PEOPLE LIVING IN LOW-INCOME, HIGH-CRIME AREAS AROUND PHOENIX TO PARTICIPATE IN ORGANIZED ACTIVITIES. HFTC PROVIDES MENTORS, TRANSPORTATION, EQUIPMENT, AND REGISTRATION FEES FOR YOUNG PEOPLE TO PARTICIPATE IN THESE ACTIVITIES.HFTC ARRANGED FOR STUDENTS TO ATTEND A PRIVATE HIGH SCHOOL AT NO OR LOW COST TO THE STUDENT. HFTC PROVIDES DAILY TRANSPORTATION FROM THE INNER CITY FOR THESE STUDENTS.THE ORGANIZATION SERVED UNDERPRIVILEGED SCHOOLS BY ARRANGING FOR SANTA TO HAND OUT GIFTS TO 2500 STUDENTS.

Program 2

Expenses: $100,158 Revenue: $45,071

JAVA GROUNDS, A COFFEE SHOP, PROVIDES LOW INCOME INDIVIDUALS AN OPPORTUNITY TO LEARN ABOUT AND DEVELOP RESTAURANT OPERATIONS SKILLS. IT OFFERS PHOENIX-AREA YOUTH A PLACE TO LEARN BASIC, TRANSFERABLE...

Program 3

Expenses: $23,471

THE COMMUNITY GARDEN PROJECT ADDRESSES THE HEALTH ISSUES OF THE BROADER COMMUNITY WITH OUR COMMUNITY GARDEN. THIS PROGRAM HELPS TO ENCOURAGE CHANGE IN UNHEALTHY TRENDS DEVELOPING IN THE LIVES OF THE CHILDREN WHO MAY NOT BE INVOLVED IN OUR SPORT PROGRAMS. BY BUILDING A GARDENING PROGRAM WHERE CHILDREN ARE EXPOSED TO HEALTHY ALTERNATIVES, WE HOPE TO REDUCE CHILDHOOD OBESITY, INCREASE ACTIVITY AND IMPROVE ON THE NUTRITIONAL HEALTH OF THE CHILDREN IN OUR LOWER-INCOME NEIGHBORHOOD.

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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