HEARTS KNIT TOGETHER (EIN 471445665) - 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

Phone

8018795549

Tax Period

2024-01-01 to 2024-12-31

HEARTS KNIT TOGETHER, founded in 2014, is a small nonprofit in the Human Services sector that reported $556K in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum.

Mission

Provide hygiene kits to domestic violence shelters, victim support centers, and refugee organizations across the state of Utah.

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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 $555,536

Program Service Revenue $0

Investment Income $8

Other Revenue $0

TOTAL REVENUE $555,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $549,840

Other Expenses $580,175

TOTAL EXPENSES $580,175

Year-over-Year Comparison

	2024	2023	Change
Revenue	$555,544	$342,234	+0.6%
Expenses	$580,175	$109,326	+4.3%
Net Income	$-24,631	$232,908	-1.1%

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

N/A

Volunteers

N/A

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
JANAE POWELL	OFFICER	1.00	Director	$0	$0	$0
VALAYNE OSTLER	Director	20.00	Director	$0	$0	$0
CHAD WESTOVER	Director	1.00	Director	$0	$0	$0
SCOTT TUCKER	OFFICER	1.00	Director	$0	$0	$0
APRIL JAMES	Director	40.00	Officer	$0	$0	$0
KURT OSTLER	OFFICER	1.00	Officer	$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	$555,544	$580,175	$769,926	$-24,631
2023	$342,234	$109,326	$796,043	$232,908
2022	$301,299	$335,620	$566,548	$-34,321
2020	$410,368	$373,395	$537,135	$36,973
2019	$427,242	$340,564	$499,899	$86,678
2018	$231,185	$49,718	$413,221	$181,467

HEARTS KNIT TOGETHER