HAVE A HEART FOUNDATION INC

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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

PAULA DEMUTH

Phone

5022450002

Tax Period

2024-01-01 to 2024-12-31

HAVE A HEART FOUNDATION INC, founded in 2007, is a community nonprofit in the Health Care sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $369K, a strong 31% operating margin.

Mission

HAVE A HEART FOUNDATION, INC. (HAVE A HEART) IS A MEDICAL CLINIC THAT PROVIDES HIGH QUALITY CARDIOVASCULAR CARE TO ADULT PATIENTS IN AND AROUND THE KENTUCKIANA AREA REGARDLESS OF THEIR INSURANCE STATUS OR ABILITY TO PAY. PATIENTS AT OR BELOW 200% OF THE FEDERAL POVERTY LEVEL RECEIVE CARE AT NO COST. HAVE A HEART CONDUCTS FREE CARDIOVASCULAR SCREENINGS IN THE UNDERSERVED COMMUNITIES AND REFERS PATIENTS WITH INTERMEDIATE TO HIGH RISK TO THE CLINIC FOR CARE. THESE PATIENTS ALONG WITH OTHER CLINIC PATIENTS AT INTERMEDIATE TO HIGH RISK ARE ALSO REFERRED TO THE HAVE A HEART HEALTH EQUITY CENTER. THE NURSE EDUCATOR IN THE HEALTH EQUITY CENTER WORKS WITH THESE PATIENTS TO IMPROVE THEIR OVERALL QUALITY OF LIFE. THEY ASSESS THE SOCIAL DETERMINANTS OF HEALTH AND DEVELOP A PLAN WITH THE PATIENT TO IMPROVE THEIR OVERALL HEALTH AND WELL-BEING. REFERRALS ARE MADE TO OTHER COMMUNITY RESOURCES AS NEEDED. PATIENT DATA IS COLLECTED AND TRACKED TO MEASURE OVERALL IMPROVEMENTS.

Program Service Accomplishments

Program 1

Expenses: $759,311 Revenue: $552,207

PROVIDE HIGH QUALITY CARDIOVASCULAR CARE FREE TO ALL OF OUR PATIENTS AT OR BELOW 200% OF THE FEDERAL POVERTY LEVEL. THIS CARE INCLUDES PROVIDING A NURSE NAVIGATOR TO WORK WITH PATIENTS WITH HIGH-RISK HEALTH PROBLEMS TO DEVELOP A PLAN TO IMPROVE THEIR OVERALL HEALTH AND WELLNESS. THIS SERVICE IS PROVIDED AT NO COST TO THE PATIENTS AND IS NOT BILLABLE TO INSURANCE PAYERS.

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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 $638,749

Program Service Revenue $552,207

Investment Income $836

Other Revenue $-3,399

TOTAL REVENUE $1,188,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $476,528

Fundraising Expenses $11,519

Program Expenses $759,311

Other Expenses $343,228

TOTAL EXPENSES $819,756

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,188,393	$806,169	+0.5%
Expenses	$819,756	$802,144	+0.0%
Net Income	$368,637	$4,025	+90.6%

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

110

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

$75,904

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD BATES	DIRECTOR	0.50	Director	$0	$0	$0
STEVE NOSIL	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES FRANK	SECRETARY	0.50	Officer Director	$0	$0	$0
DR MICHAEL J IMBURGIA	DIRECTOR	32.00	Director	$0	$0	$0
SANDY IMBURGIA	DIRECTOR	0.50	Director	$0	$0	$0
DOUG DRAUT	DIRECTOR	0.50	Director	$0	$0	$0
PAULA DEMUTH	PRESIDENT	5.00	Officer Director	$0	$0	$0
REESE TURNER	DIRECTOR	0.50	Director	$0	$0	$0
JULI ROBERTS	DIRECTOR	0.50	Director	$0	$0	$0
JONATHAN ELLIOTT	DIRECTOR	0.50	Director	$0	$0	$0
CHESTER ABELL	TREASURER	0.50	Officer Director	$0	$0	$0
WILLIAM DILLON	DIRECTOR	0.50	Director	$0	$0	$0
CRAIG RILEY	DIRECTOR	0.50	Director	$0	$0	$0
STARR MONEY	EXECUTIVE DIRECTOR	36.00	Officer	$75,904	$0	$75,904

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	$1,188,393	$819,756	$652,959	$368,637
2023	$806,169	$802,144	$284,662	$4,025
2022	$708,046	$784,923	$281,028	$-76,877
2021	$598,384	$575,138	$368,989	$23,246
2020	$486,104	$429,136	$354,745	$56,968
2019	$331,432	$352,899	$345,185	$-21,467
2018	$242,440	$163,734	$382,753	$78,706