HEART FOR WINTER HAVEN INC (EIN 471249404) - 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

ROBERT BEATTY

Phone

8632916270

Tax Period

2023-01-01 to 2023-12-31

HEART FOR WINTER HAVEN INC, founded in 2014, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring.

Mission

MINISTER TO HOMELESS FAMILIES IN WINTER HAVEN - FINANCIAL, HOUSING, MENTAL HEALTH COUNSELING

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,418,491

Program Service Revenue $0

Investment Income $5,026

Other Revenue $-10,621

TOTAL REVENUE $2,412,896

Expense Breakdown

Grants Paid $1,243,284

Salaries & Benefits $819,289

Fundraising Expenses $6,381

Program Expenses $1,920,841

Other Expenses $286,108

TOTAL EXPENSES $2,348,681

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,412,896	$3,644,332	-0.3%
Expenses	$2,348,681	$3,281,194	-0.3%
Net Income	$64,215	$363,138	-0.8%

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

100

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

$208,231

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT BURKETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES ARNOLD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CONLEY THORNHILL	TREASURER	1.00	Officer Director	$0	$0	$0
JONATHAN WINFREE	SECRETARY	1.00	Officer Director	$0	$0	$0
REBECCA CLARK	DIRECTOR	1.00	Director	$0	$0	$0
JOE HALMAN JR	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE HARSH	DIRECTOR	1.00	Director	$0	$0	$0
KARI HENDRICKSON	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER IDELL	DIRECTOR AS OF 9/23	1.00	Director	$0	$0	$0
BUNNY REEVES	DIRECTOR	1.00	Director	$0	$0	$0
JOE SIMONDS	DIRECTOR AS OF 2/23	1.00	Director	$0	$0	$0
AUSTIN SNIVELY	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA THIES	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BEATTY	EXECUTIVE DIRECTOR	40.00	Officer	$62,841	$47,505	$110,346
TERRY HENDERSON	CHIEF OPERATING OFFICER	40.00	Officer	$83,179	$14,706	$97,885

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	No data	No data	No data	No data
2023	$2,412,896	$2,348,681	$927,755	$64,215
2022	$3,644,332	$3,281,194	$1,010,005	$363,138
2021	$1,119,798	$964,902	$392,084	$154,896
2020	$994,299	$909,894	$239,494	$84,405
2019	$342,140	$228,950	$116,582	$113,190
2019	$342,140	$228,950	$116,582	$113,190

HEART FOR WINTER HAVEN INC