HEARTISANS MARKETPLACE (EIN 471135093) - 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

2014

Legal Domicile

Principal Officer

JULEE RACHELS

Phone

9034311188

Tax Period

2024-01-01 to 2024-12-31

HEARTISANS MARKETPLACE, founded in 2014, is a community nonprofit in the Employment sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $507K, a strong 39% operating margin.

Mission

TO PROVIDE A CUSTOMIZED JOB READINESS PROGRAM FOR UNEMPLOYED WOMEN LIVING IN THE LOCAL COMMUNITY SO THEY CAN PROVIDE FOR THEIR FAMILIES' NEEDS AND BE CONTRIBUTING MEMBERS OF OUR COMMUNITY.

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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 $967,193

Program Service Revenue $0

Investment Income $6,146

Other Revenue $339,408

TOTAL REVENUE $1,312,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $286,966

Fundraising Expenses $46,639

Program Expenses $685,730

Other Expenses $518,475

TOTAL EXPENSES $805,441

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,312,747	$961,059	+0.4%
Expenses	$805,441	$503,462	+0.6%
Net Income	$507,306	$457,597	+0.1%

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

175

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
JULEE RACHELS	CEO	40.00	Officer Director	$0	$0	$0
SARAH WARD	President	1.00	Officer Director	$0	$0	$0
SIDNEY ALLEN	Director	1.00	Director	$0	$0	$0
HEIDI ARCHER	Director	1.00	Director	$0	$0	$0
EBONY ALLISON-DENNIS	Director	1.00	Director	$0	$0	$0
AMIE MOORE	Director	1.00	Director	$0	$0	$0
ROBIN ASHWORTH	Director	1.00	Director	$0	$0	$0
DEBI FARRELL	Director	1.00	Director	$0	$0	$0
EVIE HENSON	Executive Dir.	1.00	Officer Director	$0	$0	$0
DAN LANCASTER	Treasurer	1.00	Officer Director	$0	$0	$0
JODIE LEBRESCU	Secretary	1.00	Officer Director	$0	$0	$0
REGINA MIXON	Vice President	1.00	Officer Director	$0	$0	$0
JEFFREY QUIETT PHD LPC-S	Director	1.00	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	$1,312,747	$805,441	$3,759,083	$507,306
2023	$961,059	$503,462	$3,333,243	$457,597
2022	$640,757	$387,961	$1,341,048	$252,796
2021	$622,276	$349,439	$1,090,635	$272,837
2020	$532,926	$330,087	$828,192	$202,839
2019	$371,429	$273,421	$250,154	$98,008
2018	$235,204	$173,399	$152,146	$61,805

HEARTISANS MARKETPLACE