HEART TONES INC (EIN 383943305) - 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

2022

Legal Domicile

Principal Officer

GLORIA T ANDERSON

Phone

9134333877

Tax Period

2024-01-01 to 2024-12-31

HEART TONES INC, founded in 2022, is a micro nonprofit in the Mental Health sector that reported $86K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $147K exceeded revenue, resulting in a 70% operating deficit.

Mission

HEART TONES IS ORGANIZED FOR EDUCATIONAL PURPOSES, INCLUDING THE DISSEMINATION OF PUBLIC RESOURCES AND SUPPORT TOOLS RELATED TO ADVANCE CARE PLANNING AND END OF LIFE CARE OPTIONS.

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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 $81,329

Program Service Revenue $0

Investment Income $5,003

Other Revenue $136

TOTAL REVENUE $86,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,285

Fundraising Expenses $0

Program Expenses $135,194

Other Expenses $47,768

TOTAL EXPENSES $147,053

Year-over-Year Comparison

	2024	2023	Change
Revenue	$86,468	$232,702	-0.6%
Expenses	$147,053	$179,047	-0.2%
Net Income	$-60,585	$53,655	-2.1%

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

$91,670

Total Directors

$91,670

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLORIA ANDERSON	PRESIDENT	40.00	Officer Director	$91,670	$0	$91,670
TRACEE HOLLAWAY	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
LAWRENCE MARSHALL	BOARD MEMBER	5.00	Director	$0	$0	$0
DENIECE DYKES	SECRETARY	5.00	Officer Director	$0	$0	$0
ANTONIO HOLLAWAY	BOARD MEMBER	5.00	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	$86,468	$147,053	$33,961	$-60,585
2023	$232,702	$179,047	$85,003	$53,655

HEART TONES INC