HEART FOR ENC (EIN 352615941) - 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

2016

Legal Domicile

Principal Officer

DAVE HUNT

Phone

2523755212

Tax Period

2023-01-01 to 2023-12-31

HEART FOR ENC, founded in 2016, is a small nonprofit in the Public & Societal Benefit sector that reported $231K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

TO FREE UP NON-PROFIT AGENCIES IN EASTERN NORTH CAROLINA TO WORK EXCLUSIVELY WITH THOSE THEY SERVE BY PROVIDING: TRAINING AND DEVELOPEMENT (TEAM TRAINING, ONE-ON-ONE COACHING AND EDUCATION); START-UP FUNDING; AND SUPPORT SERVICES(GRANT WRITING/MANAGEMENT; FUNDS FOR AUDITS).

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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 $231,179

Program Service Revenue $0

Investment Income $14

Other Revenue $0

TOTAL REVENUE $231,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,750

Fundraising Expenses $13,307

Program Expenses $168,319

Other Expenses $82,690

TOTAL EXPENSES $238,440

Year-over-Year Comparison

	2023	2022	Change
Revenue	$231,193	$189,894	+0.2%
Expenses	$238,440	$191,140	+0.2%
Net Income	$-7,247	$-1,246	+4.8%

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

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
DAVE HUNT	CHAIRMAN	N/A	Officer Director	$0	$0	$0
CHRISTIAN PORTER	TREASURER	N/A	Officer Director	$0	$0	$0
MARIANNE COX	SECRETARY	N/A	Officer Director	$0	$0	$0
SAMUEL JOHNSON	BOARD MEMBER	N/A	Director	$0	$0	$0
JULE WHITE	BOARD MEMBER	N/A	Director	$0	$0	$0
KEITH PURVIS	BOARD MEMBER	N/A	Director	$0	$0	$0
KIM CRICKMORE OSBORNE	BOARD MEMBER	N/A	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	No data	No data	No data	No data
2023	$231,193	$238,440	$144,398	$-7,247
2022	$189,894	$191,140	$149,976	$-1,246
2021	$246,639	$169,925	$151,396	$76,714

HEART FOR ENC