HEARTS FOR HOSPICE (EIN 383849129) - 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

2011

Legal Domicile

Principal Officer

Betty Hemmingsen

Phone

5415059232

Tax Period

2023-07-01 to 2024-06-30

HEARTS FOR HOSPICE, founded in 2011, is a small nonprofit in the Health Care sector that reported $247K in total revenue in fiscal year 2023. The organization ran a surplus of $54K, a strong 22% operating margin.

Mission

Through our Hearts for Hospice Resale Shop we raise money to fund grants to community hospice, palliative care and grief programs and end of life education, and in 2022 we started a scholarship program.

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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 $200,890

Program Service Revenue $0

Investment Income $12,007

Other Revenue $34,308

TOTAL REVENUE $247,205

Expense Breakdown

Grants Paid $76,129

Salaries & Benefits $50,711

Fundraising Expenses $7,063

Program Expenses $142,636

Other Expenses $66,052

TOTAL EXPENSES $192,892

Year-over-Year Comparison

	2023	2022	Change
Revenue	$247,205	$233,284	+0.1%
Expenses	$192,892	$182,259	+0.1%
Net Income	$54,313	$51,025	+0.1%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aimee Yogi	Board Member	6.00		$0	$0	$0
Jinoo Hwang	Board Member	2		$0	$0	$0
Cindy Morgan	Board Member	10.00		$0	$0	$0
Janeen Dittrick	Vice President	4	Officer	$0	$0	$0
Betty Hemmingsen	Treasurer	10	Officer	$0	$0	$0
Barbara Jacobs	President	4.00	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
2025	No data	No data	No data	No data
2024	$247,205	$192,892	$411,187	$54,313
2023	$233,284	$182,259	$354,662	$51,025
2022	$191,747	$132,601	$303,132	$59,146
2021	$144,151	$123,216	$248,578	$20,935
2020	$102,206	$126,285	$224,021	$-24,079
2019	$146,243	$129,974	$247,533	$16,269

HEARTS FOR HOSPICE