ELDERHEART INC (EIN 462750726) - 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

MISHA KNEA

Phone

5039088505

Tax Period

2024-01-01 to 2024-12-31

ELDERHEART INC, founded in 2013, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $3.7M exceeded revenue, resulting in a 23% operating deficit.

Mission

WARRIORS HELPING WARRIORS THROUGH COMMUNITY PROJECTS. OUR MISSION IS TO RAISE AWARENESS FOR PTSD, TBI, AND THE VETERAN SUICIDE EPIDEMIC.

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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 $2,891,335

Program Service Revenue $0

Investment Income $113

Other Revenue $133,027

TOTAL REVENUE $3,024,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,657,095

Fundraising Expenses $160,225

Program Expenses $3,198,352

Other Expenses $2,077,501

TOTAL EXPENSES $3,734,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,024,475	$4,268,753	-0.3%
Expenses	$3,734,596	$4,533,697	-0.2%
Net Income	$-710,121	$-264,944	+1.7%

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

5508

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

$562,959

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE KISSEL	PRESIDENT	N/A	Officer Director	$0	$0	$0
BRAD HUBBARD	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
RANDY LAVERE	TREASURER	N/A	Officer Director	$0	$0	$0
MISHA KNEA	CEO	40.00	Officer	$131,700	$32,709	$164,409
MAGNUS JOHNSON	CHIEF VISION	40.00	Highest	$231,269	$22,461	$253,730
MARCUS FARRIS	POST TRAUMAT	40.00	Officer	$111,148	$11,993	$123,141
THOMAS SHEVLIN	RECOVERY+RES	40.00	Officer	$122,424	$22,239	$144,663
JESSICA ROUX	DONOR MANAGM	40.00	Officer	$104,924	$25,822	$130,746

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	$3,024,475	$3,734,596	$3,619,251	$-710,121
2023	$4,268,753	$4,533,697	$5,371,663	$-264,944
2022	$4,490,399	$4,840,585	$5,690,555	$-350,186
2021	$6,066,501	$4,084,913	$6,200,437	$1,981,588
2020	$3,360,446	$1,949,738	$3,160,797	$1,410,708
2019	$2,446,404	$1,739,469	$1,463,593	$706,935
2018	$1,633,179	$1,252,645	$756,658	$380,534

ELDERHEART INC