HEARTS & HOMES FOR VETERANS INC (EIN 462570640) - 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

2013

Legal Domicile

Principal Officer

DAVID ZAMMIT

Phone

2295611440

Tax Period

2024-01-01 to 2024-12-31

HEARTS & HOMES FOR VETERANS INC, founded in 2013, is a community nonprofit in the Public & Societal Benefit sector that reported $1.5M in total revenue in fiscal year 2024.

Mission

TO END HOMELESSNESS AMONG ALL VETERANS IN SOUTHWEST FLORIDA AND TO LIFT THEM OUT OF POVERTY.

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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 $1,545,562

Program Service Revenue $0

Investment Income $-51,196

Other Revenue $0

TOTAL REVENUE $1,494,366

Expense Breakdown

Grants Paid $996,832

Salaries & Benefits $215,880

Fundraising Expenses $1,640

Program Expenses $1,421,546

Other Expenses $277,312

TOTAL EXPENSES $1,490,024

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,494,366	$1,435,261	+0.0%
Expenses	$1,490,024	$1,197,667	+0.2%
Net Income	$4,342	$237,594	-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

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
ANDREW LYNCH	SERGEANT AT ARMS	5.00	Officer Director	$0	$0	$0
TOM DONOGHUE	DIRECTOR	5.00	Director	$0	$0	$0
DAVE ZAMMIT	TREASURER	10.00	Officer Director	$0	$0	$0
JOHN PREIS	RECORDING SECRETARY	15.00	Officer Director	$0	$0	$0
ROGER SPENCER	PRESIDENT	16.00	Officer Director	$0	$0	$0
PAT DARCY	DIRECTOR	5.00	Director	$0	$0	$0
DAVID LAKE	DIRECTOR	5.00	Director	$0	$0	$0
ERIC EVANS	DIRECTOR	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	$1,494,366	$1,490,024	$1,439,855	$4,342
2023	$1,435,261	$1,197,667	$1,449,391	$237,594
2022	$934,630	$844,823	$1,235,509	$89,807
2021	$905,725	$758,805	$1,142,592	$146,920
2020	$789,441	$658,113	$931,293	$131,328
2019	$592,981	$501,288	$817,322	$91,693
2018	$453,980	$370,675	$744,132	$83,305
2017	$543,311	$187,257	$668,744	$356,054

HEARTS & HOMES FOR VETERANS INC