Happy Hearts Workshop Ltd

EIN: 371707784 501(c)(3) Human Services

Penn Yan, NY

Total Revenue
$462,923
Total Expenses
$431,066
Total Assets
$243,245
Net Assets
$243,245
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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
2019
Legal Domicile
NY
Principal Officer
Jonas W Zimmerman
Phone
3155364101
Tax Period
2024-01-01 to 2024-12-31

Happy Hearts Workshop Ltd, founded in 2019, is a small nonprofit in the Human Services sector that reported $463K in total revenue in fiscal year 2024. Expenses of $431K left a modest 7% surplus.

Mission

We provide activites for mentally and physically handicapped individuals. The activites include printing and mailing a bi-monthly newsletter. And baking and selling food items

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $89,162
Program Service Revenue $372,941
Investment Income $0
Other Revenue $820
TOTAL REVENUE $462,923

Expense Breakdown

Grants Paid $0
Salaries & Benefits $191,117
Fundraising Expenses $0
Program Expenses $351,473
Other Expenses $239,949
TOTAL EXPENSES $431,066

Year-over-Year Comparison

2024 2023 Change
Revenue $462,923 $481,762 0.0%
Expenses $431,066 $357,445 +0.2%
Net Income $31,857 $124,317 -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

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Governance

Voting Members
3
Independent Members
N/A
Employees
11
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elvin F Martin Chairman 006.00
Director
$0 $0 $0
Jonas W Zimmerman Treasurer 006.00
Director
$0 $0 $0
Albert S Martin Secretary 005.00
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 $462,923 $431,066 $243,245 $31,857
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