HEARTLOVE PLACE INC (EIN 391896815) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

DEXTRA HADNOT

Phone

4143721550

Tax Period

2023-01-01 to 2023-12-31

HEARTLOVE PLACE INC, founded in 1997, is a small nonprofit in the Human Services sector that reported $326K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $755K exceeded revenue, resulting in a 131% operating deficit.

Mission

WITH A HEART OF LOVE; TEACH, ENCOURAGE, AND SUPPORT FAMILIES THROUGH PROGRAMS AND SERVICES CENTERED IN CHRISTIAN VALUES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $140,662

Program Service Revenue $145,340

Investment Income $38,044

Other Revenue $2,376

TOTAL REVENUE $326,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $389,558

Fundraising Expenses $22,081

Program Expenses $543,786

Other Expenses $365,914

TOTAL EXPENSES $755,472

Year-over-Year Comparison

	2023	2022	Change
Revenue	$326,422	$596,411	-0.5%
Expenses	$755,472	$653,703	+0.2%
Net Income	$-429,050	$-57,292	+6.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$130,379

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEXTRA HADNOT	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHEN EDWARDS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CLARISSA BARNES	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BECTON	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
JOE DEROSA	EMERITUS DIRECTOR	1.00	Director	$0	$0	$0
DOROTHY ENRIQUES	DIRECTOR	1.00	Director	$0	$0	$0
JAN HOEKSEMA	EMERITUS DIRECTOR	1.00	Director	$0	$0	$0
DORIS HOPKINS-BROWN	DIRECTOR	1.00	Director	$0	$0	$0
NICKOLAS PIERCE	DIRECTOR	1.00	Director	$0	$0	$0
JERVEL WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
VIOLA REMBERT	EXECUTIVE DIR.	40.00	Officer	$130,379	$0	$130,379

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	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

HEARTLOVE PLACE INC