HEARTSUPPORT INC (EIN 464342239) - 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

Nate Hilpert

Phone

2146649619

Tax Period

2024-01-01 to 2024-12-31

HEARTSUPPORT INC, founded in 2013, is a small nonprofit in the Unknown sector that reported $654K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $606K left a modest 7% surplus.

Mission

Connect and empower music fans to support one another with their mental health.

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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 $575,098

Program Service Revenue $73,006

Investment Income $0

Other Revenue $6,254

TOTAL REVENUE $654,358

Expense Breakdown

Grants Paid $0

Salaries & Benefits $313,929

Fundraising Expenses $49,614

Program Expenses $495,656

Other Expenses $291,957

TOTAL EXPENSES $605,886

Year-over-Year Comparison

	2024	2023	Change
Revenue	$654,358	$464,520	+0.4%
Expenses	$605,886	$431,978	+0.4%
Net Income	$48,472	$32,542	+0.5%

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

200

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

$76,664

Total Directors

$76,664

Key Employees

$166,376

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nate Hilpert	Executive Director	40	Key Emp Highest	$89,712	$0	$89,712
William Luhrs	CEO to 9/24, President	40	Officer Director Key Emp	$76,664	$0	$76,664
Michelle Saari	Director	2	Director	$0	$0	$0
Lou Rivera	Director, Secretary from 12/24	2	Officer Director	$0	$0	$0
Casey Faris	Director	2	Director	$0	$0	$0
Daniel Bernard	Director	2	Director	$0	$0	$0
Matthew Cavanaugh	Treasurer from 12/24	2	Officer Director	$0	$0	$0
Brittany Mullins	Secretary to 12/24	2	Officer 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	$654,358	$605,886	$150,026	$48,472
2023	$464,520	$431,978	$108,266	$32,542
2022	$492,838	$559,380	$75,048	$-66,542
2021	$542,107	$615,886	$131,754	$-73,779
2020	$591,270	$582,673	$184,511	$8,597
2019	$498,025	$527,950	$40,974	$-29,925
2018	$368,038	$386,845	$61,888	$-18,807

HEARTSUPPORT INC