HEARTY START INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

MICHAEL OTTLEY

Phone

2126451377

Tax Period

2023-01-01 to 2023-12-31

HEARTY START INC, founded in 2015, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $20K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $36K exceeded revenue, resulting in a 79% operating deficit.

Mission

TO PREPARE AND DISTRIBUTE FREE BREAKFAST AND LUNCH TO THE HOMELESS IN NEW YORK CITY

Program Service Accomplishments

Program 1

Expenses: $33,351

OUR MEAL OUTREACH PROGRAM CONTINUED TO PREPARE 1,035 SANDWICHES EACH WEEK FOR PEOPLE WHO ARE UNABLE TO COME TO THE SOUP KITCHEN. IN 2023, THE PROGRAM DELIVERED 124,000 SANDWICHES AND BAGGED LUNCHES TO INDIVIDUALS EXPERIENCING HOMELESSNESS WHO SLEEP IN OR AROUND PENN STATION AS WELL AS ASYLUM SEEKERS WHO WERE SENT TO NEW YORK CITY AFTER APPLYING FOR ASYLUM AT THE SOUTHERN BORDER.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $20,287

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $20,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,328

Fundraising Expenses $0

Program Expenses $33,351

Other Expenses $5,000

TOTAL EXPENSES $36,328

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,287	$24,825	-0.2%
Expenses	$36,328	$35,612	+0.0%
Net Income	$-16,041	$-10,787	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
STEPHEN FANTO	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL OTTLEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
ANNA S PEARSON	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	No data	No data	No data	No data
2023	$20,287	$36,328	$6,531	$-16,041
2022	$24,825	$35,612	$8,640	$-10,787
2021	$35,371	$49,026	$16,911	$-13,655
2020	$38,304	$12,790	$29,970	$25,514
2019	$60,738	$69,571	$30,083	$-8,833
2018	$74,514	$97,974	$15,357	$-23,460