Hearts Place Services Inc (EIN 274352352) - 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

Principal Officer

PAMELA WILSON

Phone

4108896277

Tax Period

2023-07-01 to 2024-06-30

Hearts Place Services Inc, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $934K in total revenue in fiscal year 2023. Revenue surged 861% from the prior year, signaling strong growth momentum. The organization ran a surplus of $865K, a strong 93% operating margin.

Mission

Heart's Place Services, Inc. is a 501(c)3 Charity focused on the homeless in Baltimore City with the main purpose of providing help to homeless children and their families.

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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 $934,495

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $934,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $69,452

Other Expenses $69,452

TOTAL EXPENSES $69,452

Year-over-Year Comparison

	2023	2022	Change
Revenue	$934,495	$97,245	+8.6%
Expenses	$69,452	$97,479	-0.3%
Net Income	$865,043	$-234	-3697.8%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL WILKINSON	President	1.00	Officer Director	$0	$0	$0
CHRISTIAN WILSON	Director	43.00	Director	$0	$0	$0
PAMELA WILSON	Treasurer	43.00	Officer Director	$0	$0	$0
JOHN SHAIA	Executive Dir.	1.00	Director	$0	$0	$0
KAREN HEYWARD-WEST	Trustee	1.00	Director	$0	$0	$0
SHARON WYLIE	Trustee	1.00	Director	$0	$0	$0
JOHN DEVECKA	Trustee	1.00	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	$934,495	$69,452	$1,484,900	$865,043
2021	$268,245	$97,728	$280,734	$170,517
2019	$211,620	$65,109	$207,844	$146,511

Hearts Place Services Inc