Helping Heart 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

2000

Legal Domicile

Principal Officer

Hsiu Wong

Phone

4407343450

Tax Period

2023-11-01 to 2024-10-31

Helping Heart Inc, founded in 2000, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $93K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $20K, a strong 22% operating margin.

Mission

Assist senior citizens in Cleveland Ohio with medical,nutritional, financial,social and group services

Program Service Accomplishments

Program 1

Expenses: $18,135 Revenue: $0

Senior events, trips moonckes festivals,Boat trips

Program 2

Expenses: $25,000 Revenue: $0

Provide general assistnace to senior residents by operating senior center

Program 3

Expenses: $11,000 Revenue: $0

provide Food assitance to seniors

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $93,058

TOTAL REVENUE $93,058

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $14,301

Program Expenses $54,135

Other Expenses $72,836

TOTAL EXPENSES $72,836

Year-over-Year Comparison

	2023	2022	Change
Revenue	$93,058	$147,651	-0.4%
Expenses	$72,836	$81,364	-0.1%
Net Income	$20,222	$66,287	-0.7%

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

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
Hsiu Wong	President	15.00	Officer Director	$0	$0	$0
Rosemary Baker	Secretary	1.00	Director	$0	$0	$0
Hong S Wong	Treasurer	15.00	Officer Director	$0	$0	$0
Jenny Baker	Trustee	3.00	Director	$0	$0	$0
lishan Lai	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	$93,058	$72,836	$973,598	$20,222
2023	$147,651	$81,364	$953,376	$66,287
2022	$181,716	$60,826	$887,089	$120,890
2021	$244,028	$43,833	$766,199	$200,195
2020	$145,386	$40,556	$566,004	$104,830