HEARTLOVE PLACE INC

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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

1997

Legal Domicile

Principal Officer

STEPHEN EDWARDS

Phone

4143721550

Tax Period

2025-01-01 to 2025-12-31

HEARTLOVE PLACE INC, founded in 1997, is a small nonprofit in the Human Services sector that reported $719K in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $903K exceeded revenue, resulting in a 26% operating deficit.

Mission

WITH A HEART OF LOVE; TEACH, ENCOURAGE, AND SUPPORT FAMILIES THROUGH PROGRAMS AND SERVICES CENTERED IN CHRISTIAN VALUES. HEARTLOVE PLACE CONNECTS COMMUNITIES THROUGH CHRIST TO EMPOWER INDIVIDUALS, MOTIVATE FAMILIES, AND BUILD STRONGER NEIGHBORHOODS. WE INTEGRATE THE IDEALS OF SELF-HELP, MOTIVATION, AND EMPOWERMENT, AND PHYSICAL AND SPIRITUAL SUPPORT IN ORDER TO DO MORE THAN JUST PROVIDE A SERVICE OR RENDER A PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $159,119 Revenue: $160,796

THE FAMILY RESOURCE CENTER IS THE HEART OF HEARTLOVE PLACE PROVIDING SUPPORT AND RESOURCES TO YOUTH, TEENS AND PARENTS. PROGRAMS OF THE FAMILY RESOURCE CENTER INCLUDE YOUTH PROGRAMS, FAMILY FUN...

THE FAMILY RESOURCE CENTER IS THE HEART OF HEARTLOVE PLACE PROVIDING SUPPORT AND RESOURCES TO YOUTH, TEENS AND PARENTS. PROGRAMS OF THE FAMILY RESOURCE CENTER INCLUDE YOUTH PROGRAMS, FAMILY FUN NIGHTS, PARENT CHAT, TEEN SCENE, BABY CLOSET, GARDENING PROGRAM, ANNUAL BACK-TO-SCHOOL FAMILY RALLY, ANNUAL TURKEY GIVE-A-WAY, AND ANNUAL CHRISTMAS FAMILY BREAKFAST.

Program 2

Expenses: $251,426 Revenue: $51,841

FOOD SERVICES:-HLP HAS BEEN A PROVIDER OF FOOD SERVICE TRAINING SINCE 2005, AVAILABLE TO AGES 18 AND UP. TRAINING PROGRAMS UTILIZE THE CURRICULUM OF THE NATIONAL RESTAURANT ASSOCIATION AND SERVSAFE AND INCLUDES HANDS ON EXPERIENCE, JOB READINESS TRAINING AND EXAMS. HLP WILL ASSIST WITH EMPLOYMENT PLACEMENT FOR THOSE THAT SUCCESSFULLY COMPLETE THE PROGRAM. -HLP PROVIDES CATERING SERVICES FOR EVENTS OF ANY SIZE WITH PERSONALIZED MENUS FOR BUSINESS LUNCHES, FAMILY GATHERINGS, AND CORPORATE PARTIES. -HLP PROVIDES NUTRITIOUS AND DELICIOUS MEALS TAILORED FOR SCHOOLS AND DAYCARES. MENU OPTIONS ARE DESIGNED TO MEET DIETARY NEEDS OF CHILDREN WHILE PROMOTING HEALTHY EATING HABITS.

Program 3

Expenses: $250,249

HEARTLOVE PLACE, INC. IS THE FISCAL SPONSOR OF A WI DHS GRANT PROGRAM TO ADDRESS CONDITIONS TO IMPROVE POPULATION HEALTH THROUGH CHRONIC DISEASE PREVENTION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $459,192

Program Service Revenue $212,637

Investment Income $46,046

Other Revenue $1,067

TOTAL REVENUE $718,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $311,640

Fundraising Expenses $83,894

Program Expenses $660,794

Other Expenses $591,596

TOTAL EXPENSES $903,236

Year-over-Year Comparison

	2025	2024	Change
Revenue	$718,942	$635,295	+0.1%
Expenses	$903,236	$891,929	+0.0%
Net Income	$-184,294	$-256,634	-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

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

$94,035

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLIFFORD TAYLOR	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE EDWARDS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CLARISSA BARNES	SECRETARY	1.00	Officer Director	$0	$0	$0
ANGELA BYRD	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA BELL	DIRECTOR	1.00	Director	$0	$0	$0
VINCE CRAWFORD	DIRECTOR	1.00	Director	$0	$0	$0
DOROTHY ENRIQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
JAN HOEKSEMA	EMERITUS DIRECTOR	1.00	Director	$0	$0	$0
DEBRA NEVELS	DIRECTOR	1.00	Director	$0	$0	$0
VIOLA REMBERT	EXECUTIVE DIR.	40.00	Officer	$94,035	$0	$94,035

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	$718,942	$903,236	$1,229,332	$-184,294
2024	No data	No data	No data	No data
2023	$326,422	$755,472	$1,745,629	$-429,050
2022	$596,411	$653,703	$2,098,336	$-57,292
2021	$358,150	$477,447	$2,191,010	$-119,297
2020	$225,932	$399,289	$2,281,804	$-173,357
2019	$304,539	$490,442	$2,437,445	$-185,903
2018	$347,267	$582,042	$2,643,279	$-234,775