THE HEART BROTHERS FOUNDATION INC (EIN 463534947) - 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

MICHAEL ASHWORTH

Phone

5088588779

Tax Period

2024-01-01 to 2024-12-31

THE HEART BROTHERS FOUNDATION INC, founded in 2013, is a small nonprofit in the Diseases & Disorders sector that reported $610K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $520K left a modest 15% surplus.

Mission

TO BRING RESOURCES TOGETHER TO HELP PATIENTS AND THEIR LOVED ONES SURVIVE A LIFE WITH HEART COMPLICATIONS AND ALL ITS CHALLENGES.

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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 $316,398

Program Service Revenue $58,742

Investment Income $1,103

Other Revenue $233,836

TOTAL REVENUE $610,079

Expense Breakdown

Grants Paid $176,088

Salaries & Benefits $77,428

Fundraising Expenses $57,034

Program Expenses $383,411

Other Expenses $266,823

TOTAL EXPENSES $520,339

Year-over-Year Comparison

	2024	2023	Change
Revenue	$610,079	$417,481	+0.5%
Expenses	$520,339	$423,214	+0.2%
Net Income	$89,740	$-5,733	-16.7%

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

N/A

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

$33,928

Total Directors

$77,428

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ASHWORTH	PRESIDENT	30.00	Officer Director	$0	$0	$0
GREGORY COX	VICE PRESIDE	3.00	Director	$0	$0	$0
GLENN ROCKWOOD	TREAURER	30.00	Officer Director	$0	$0	$0
KYLIE REESE	SECRETARY	25.00	Officer Director	$33,928	$0	$33,928
LESLIE ANN SULLIVAN	DIRECTOR	5.00	Director	$43,500	$0	$43,500
DAVID DENOFRIO	DIRECTOR	1.00	Director	$0	$0	$0
HAMID MAHDAVI	DIRECTOR	10.00	Director	$0	$0	$0
DON MITCHELL	DIRECTOR	4.00	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	$610,079	$520,339	$152,907	$89,740
2023	$417,481	$423,214	$63,167	$-5,733
2022	$329,866	$392,721	$68,898	$-62,855
2021	$404,625	$343,953	$131,751	$60,672
2019	$217,585	$196,353	$35,288	$21,232

THE HEART BROTHERS FOUNDATION INC