HAVE A HEART FOUNDATION INC (EIN 261433114) - 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

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

COMMITTED TO ELEVATING COMMUNITY HEALTH IN THE KENTUCKIANA REGION BY PROVIDING ADULT PATIENTS WITH HIGH QUALITY CARDIOVASCULAR CARE REGARDLESS OF THEIR ABILITY TO PAY, INSURANCE COVERAGE, OR STATUS.

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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
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

HAVE A HEART FOUNDATION INC