Matthew F Sullivan Hands for Hearts Inc (EIN 471579180) - 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

3368224340

Tax Period

2023-07-01 to 2024-06-30

Matthew F Sullivan Hands for Hearts Inc, founded in 2014, is a small nonprofit in the Health Care sector that reported $116K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $102K left a modest 11% surplus.

Mission

Hands for Hearts seeks to improve the lives of children with congenital heart defects.

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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 $367,868

Program Service Revenue $0

Investment Income $3,960

Other Revenue $-256,117

TOTAL REVENUE $115,711

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,000

Other Expenses $2,440

TOTAL EXPENSES $102,440

Year-over-Year Comparison

	2023	2022	Change
Revenue	$115,711	$314,066	-0.6%
Expenses	$102,440	$101,400	+0.0%
Net Income	$13,271	$212,666	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carson S Wannamaker	President	5.0	Officer Director	$0	$0	$0
Jeff Fusaiotti	Vice President	4.0	Officer Director	$0	$0	$0
Beth Faircloth	Director	0.0	Director	$0	$0	$0
Cameron Wannamaker	Director	5.0	Director	$0	$0	$0
Kathleen Little	Director	2.0	Director	$0	$0	$0
Laura Fusaiotti	Director	0.0	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
2025	No data	No data	No data	No data
2024	$115,711	$102,440	$217,759	$13,271
2023	$314,066	$101,400	$216,028	$212,666
2022	$53,871	$121,543	$19,919	$-67,672
2021	$69,194	$104,053	$93,859	$-34,859
2020	$114,932	$100,000	$131,983	$14,932

Matthew F Sullivan Hands for Hearts Inc