Project Heart Inc (EIN 471597621) - 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

5304466025

Tax Period

2024-01-01 to 2024-12-31

Project Heart Inc, founded in 2014, is a small nonprofit in the Human Services sector that reported $301K in total revenue in fiscal year 2024. Revenue surged 111% from the prior year, signaling strong growth momentum.

Mission

To provide men and women support groups for those in the recovery community, with the focus on building trusting life long relationships through adult peer mentorship.

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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 $301,135

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $301,135

Expense Breakdown

Grants Paid $172

Salaries & Benefits $187,475

Fundraising Expenses $241

Program Expenses $197,905

Other Expenses $107,437

TOTAL EXPENSES $295,084

Year-over-Year Comparison

	2024	2023	Change
Revenue	$301,135	$142,991	+1.1%
Expenses	$295,084	$307,986	0.0%
Net Income	$6,051	$-164,995	-1.0%

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

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
Jennifer Hodges	Director	2.00	Director	$0	$0	$0
Paul Jacobson	Director	2.00	Director	$0	$0	$0
Mindy Jacobson	Director	2.00	Director	$0	$0	$0
David Estey	Director	2.00	Director	$0	$0	$0
George Rebane	Director	2.00	Director	$0	$0	$0
Shawn Estey	Director	2.00	Director	$0	$0	$0
James Phillips	President	2.00	Officer	$0	$0	$0
Chris Duckett	Vice President	2.00	Officer	$0	$0	$0
JoAnn Rebane	Secretary	2.00	Officer	$0	$0	$0
Janis Duckett	Treasurer	2.00	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	$301,135	$295,084	$88,096	$6,051
2023	$142,991	$307,986	$95,045	$-164,995
2022	$224,469	$184,225	$210,640	$40,244
2021	$226,362	$128,920	$169,796	$97,442
2020	$40,734	$150,511	$72,404	$-109,777
2019	$225,899	$56,728	$182,176	$169,171

Project Heart Inc