The Heartway Inc (EIN 474703348) - 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

2015

Legal Domicile

Principal Officer

Andrea Deerheart

Phone

9494338228

Tax Period

2024-01-01 to 2024-12-31

The Heartway Inc, founded in 2015, is a small nonprofit that reported $246K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $285K exceeded revenue, resulting in a 16% operating deficit.

Mission

The HeartWay serves those who are at end of life transitions, their caregivers,and loved ones. We provide end of life care, counseling, education, advocacy, ministry, and programs to help ease the challenges that arise with dying and death, and the grief that follows.We serve people nearing their end of life transitions, as well as their loved ones and caregivers. We provide end-of-life care, counseling, education, advocacy, ministry, and programs to help ease the challenges that arise with dying and death, and the grief that accompanies it.

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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 $170,838

Program Service Revenue $74,534

Investment Income $11

Other Revenue $302

TOTAL REVENUE $245,685

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,009

Fundraising Expenses $11,262

Program Expenses $244,817

Other Expenses $98,342

TOTAL EXPENSES $285,351

Year-over-Year Comparison

	2024	2023	Change
Revenue	$245,685	$208,731	+0.2%
Expenses	$285,351	$182,715	+0.6%
Net Income	$-39,666	$26,016	-2.5%

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

Governance

Voting Members

Independent Members

N/A

Employees

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

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrea Deerheart	Founder	40.00	Director	$60,000	$0	$60,000

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	$245,685	$285,351	$45,049	$-39,666
2023	$208,731	$182,715	$84,614	$26,016

The Heartway Inc