Hearts United Associaiton (EIN 371401972) - 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

1999

Legal Domicile

Phone

2173242876

Tax Period

2024-01-01 to 2024-12-31

Hearts United Associaiton, founded in 1999, is a small nonprofit in the Human Services sector that reported $337K in total revenue in fiscal year 2024. Expenses of $371K exceeded revenue, resulting in a 10% operating deficit.

Mission

Charitable assistance to those in need

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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 $332,001

Program Service Revenue $0

Investment Income $5,195

Other Revenue $0

TOTAL REVENUE $337,196

Expense Breakdown

Grants Paid $64,206

Salaries & Benefits $207,441

Fundraising Expenses $5,536

Program Expenses $189,709

Other Expenses $99,421

TOTAL EXPENSES $371,068

Year-over-Year Comparison

	2024	2023	Change
Revenue	$337,196	$351,710	0.0%
Expenses	$371,068	$349,016	+0.1%
Net Income	$-33,872	$2,694	-13.6%

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

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

$41,140

Key Employees

$37,561

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeanette	Ackerman	40.00	Director	$41,140	$0	$41,140
Kathy	Grove	40.00	Key Emp	$37,561	$0	$37,561
Laurie	Ingram	2.00	Officer	$0	$0	$0
Michelle	Osborne	1.00	Officer	$0	$0	$0
Evelyn	Schuette	1.00	Officer	$0	$0	$0
Joyce	Williams	1.00	Officer	$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	$337,196	$371,068	$716,280	$-33,872
2023	$351,710	$349,016	$750,151	$2,694
2022	$362,891	$339,139	$750,794	$23,752
2020	$285,251	$237,511	$682,741	$47,740
2019	$328,118	$205,174	$614,642	$122,944
2018	$306,141	$173,448	$591,853	$132,693

Hearts United Associaiton