MATTHEW 2540 HEARTSIDE INC (EIN 383075239) - 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

1992

Legal Domicile

Principal Officer

ASHLEY LUBBERS

Phone

6164566150

Tax Period

2024-07-01 to 2025-06-30

MATTHEW 2540 HEARTSIDE INC, founded in 1992, is a small nonprofit in the Unknown sector that reported $607K in total revenue in fiscal year 2024. Revenue surged 269% from the prior year, signaling strong growth momentum. Expenses of $747K exceeded revenue, resulting in a 23% operating deficit.

Mission

PROVIDING HOPE, DIGNITY, RESPECT THROUGH THE BEST SHOPPING EXPERIENCE MONEY DOESN'T HAVE TO BUY.

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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 $559,135

Program Service Revenue $33,350

Investment Income $19,352

Other Revenue $-4,373

TOTAL REVENUE $607,464

Expense Breakdown

Grants Paid $105,913

Salaries & Benefits $456,332

Fundraising Expenses $66,784

Program Expenses $623,668

Other Expenses $184,754

TOTAL EXPENSES $746,999

Year-over-Year Comparison

	2024	2023	Change
Revenue	$607,464	$164,429	+2.7%
Expenses	$746,999	$351,481	+1.1%
Net Income	$-139,535	$-187,052	-0.3%

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

1200

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

$77,412

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY DOUGHERTY	SECRETARY	2.00	Officer Director	$0	$0	$0
KEVIN SCHAFER	CHAIR	2.00	Officer Director	$0	$0	$0
ALEX PORTER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SARAH SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
KYLE PUNG	TREASURER	2.00	Officer Director	$0	$0	$0
KATE WEZEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER KOLSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH WHITE-MCDONNELL	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY LUBBERS	EXECUTIVE DIRECTOR	40.00	Officer	$77,412	$0	$77,412

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
2025	$607,464	$746,999	$1,200,929	$-139,535
2023	$632,092	$654,270	$1,538,501	$-22,178
2022	$594,361	$547,441	$1,582,372	$46,920
2021	$787,894	$538,096	$1,513,623	$249,798
2020	$1,007,995	$439,009	$1,265,183	$568,986
2019	$469,938	$487,000	$761,414	$-17,062
2018	$494,621	$442,301	$783,351	$52,320

MATTHEW 2540 HEARTSIDE INC