Heartstrings Community Foundation (EIN 481223492) - 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

1999

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Heartstrings Community Foundation, founded in 1999, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 8% surplus.

Mission

An interactive day service that employs adults with developmental disabilities.

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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 $193,012

Program Service Revenue $1,035,712

Investment Income $14,252

Other Revenue $445,527

TOTAL REVENUE $1,688,503

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,006,403

Fundraising Expenses $0

Program Expenses $1,330,288

Other Expenses $540,429

TOTAL EXPENSES $1,546,832

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,688,503	$1,347,347	+0.3%
Expenses	$1,546,832	$1,264,413	+0.2%
Net Income	$141,671	$82,934	+0.7%

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

$92,218

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bunny Higgins	Executive Director	40.00	Key Emp	$89,700	$2,518	$92,218
Doug Leibbrandt	Vice President	1.00	Director	$0	$0	$0
Mike Racy	Director	1.00	Director	$0	$0	$0
Sean Seyb	Director	1.00	Director	$0	$0	$0
Katheigh Degen	Director	1.00	Director	$0	$0	$0
William Degen	Director	1.00	Director	$0	$0	$0
Anne Hull	President	1.00	Director	$0	$0	$0
Kelsey Parker	Treasurer	5.00	Officer Director	$0	$0	$0
Gavin Hull	Director	5.00	Officer 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	$1,688,503	$1,546,832	$2,003,538	$141,671
2022	$1,347,347	$1,264,413	$1,913,891	$82,934
2021	$1,423,079	$970,347	$2,078,299	$452,732
2020	$1,100,991	$999,096	$1,819,359	$101,895
2020	$1,068,120	$999,096	$1,786,488	$69,024
2019	$1,152,884	$1,167,921	$1,618,520	$-15,037
2018	$1,479,787	$1,139,510	$1,719,034	$340,277

Heartstrings Community Foundation