HEARTY START INC

EIN: 474037429 501(c)(3) Food, Agriculture & Nutrition

NEW YORK, NY

Total Revenue
$20,287
Total Expenses
$36,328
Total Assets
$6,531
Net Assets
$-12,437
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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
2015
Legal Domicile
NY
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

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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%)

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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
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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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
25

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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