GROWING A NEW HEART INC

EIN: 461274329 501(c)(3) Human Services

WARE, MA

Total Revenue
$537,236
Total Expenses
$535,903
Total Assets
$124,595
Net Assets
$118,030
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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
2018
Legal Domicile
MA
Principal Officer
JUDITH A PATRISSI
Phone
4135071056
Tax Period
2022-01-01 to 2022-12-31

GROWING A NEW HEART INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $537K in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

SOCIAL WORK, THERAPY, ART, COMMUNICATIONS, DISPUTE RESOLUTION, COMMUNITY BUILDING, AND SELF HEALING THROUGH ONE-ON-ONE GROUP EVENTS, RETREATS, SEMINARS, COUNSELING, SPEAKING

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $537,236
Investment Income $0
Other Revenue $0
TOTAL REVENUE $537,236

Expense Breakdown

Grants Paid $0
Salaries & Benefits $337,728
Fundraising Expenses $0
Program Expenses $409,443
Other Expenses $198,175
TOTAL EXPENSES $535,903

Year-over-Year Comparison

2022 2021 Change
Revenue $537,236 $473,184 +0.1%
Expenses $535,903 $388,747 +0.4%
Net Income $1,333 $84,437 -1.0%
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
3
Volunteers
1

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
0
$0
Total Directors
1
$275,569
Key Employees
3
$321,086
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUDITH PATRISSI PRESIDENT 40.00
Director Key Emp
$275,569 $0 $275,569
MICHELLE HARRIS ADMIN 40.00
Key Emp
$36,200 $0 $36,200
DEIDRE LIGHTMAN ADMIN 40.00
Key Emp
$9,317 $0 $9,317
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
2022 $537,236 $535,903 $124,595 $1,333
2022 $537,236 $532,781 $124,595 $4,455
2021 $473,184 $388,747 $114,853 $84,437
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