Heartbeat (EIN 271047308) - 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

2010

Legal Domicile

Principal Officer

Benjamin Lindwall

Phone

5039024820

Tax Period

2019-01-01 to 2019-12-31

Heartbeat, founded in 2010, is a small nonprofit that reported $346K in total revenue in fiscal year 2019. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $415K exceeded revenue, resulting in a 20% operating deficit.

Mission

Expanding sacred vision, deepening spiritual practice, nurturing reflective community, and enabling action for change.

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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 (2019)

Revenue Breakdown

Contributions & Grants $190,949

Program Service Revenue $149,909

Investment Income $2,090

Other Revenue $2,585

TOTAL REVENUE $345,533

Expense Breakdown

Grants Paid $60,141

Salaries & Benefits $124,231

Fundraising Expenses $22,507

Program Expenses $300,240

Other Expenses $230,295

TOTAL EXPENSES $414,667

Year-over-Year Comparison

	2019	2018	Change
Revenue	$345,533	$298,865	+0.2%
Expenses	$414,667	$333,106	+0.2%
Net Income	$-69,134	$-34,241	+1.0%

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

$104,342

Total Directors

$104,342

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Benjamin Lindwal	Executive Director	40	Officer Director	$59,711	$0	$59,711
Karin Baard	Communications Manager	35	Officer Director	$44,631	$0	$44,631
Robert McClellan	President	4	Officer Director	$0	$0	$0
Cathlin Baker	Vice-President	4	Officer Director	$0	$0	$0
Douglas Boyce	Treasurer	4	Director	$0	$0	$0
Steve Romeyn	Board Member	4	Director	$0	$0	$0
Frannie Kieschnick	Board Member	4	Director	$0	$0	$0
Margaret Anne Fohl	Board Member	4	Director	$0	$0	$0
Roy Barsness	Board Member	4	Director	$0	$0	$0
Charles LaFond	Board Member	4	Director	$0	$0	$0
Caroline Hipple	Board Member	4	Director	$0	$0	$0
Bradley Jackson	Board Member	4	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
2019	$345,533	$414,667	$74,183	$-69,134
2018	$298,865	$333,106	$173,456	$-34,241

Heartbeat