HEARTSPRING FOUNDATION (EIN 481232409) - 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

2000

Legal Domicile

Principal Officer

ROBERT HARBISON

Phone

3166348700

Tax Period

2021-07-01 to 2022-06-30

HEARTSPRING FOUNDATION, founded in 2000, is a small nonprofit that reported $211K in total revenue in fiscal year 2021. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $158K, a strong 75% operating margin.

Mission

TO PROVIDE FUNDS TO HEARTSPRING, INC FOR USE IN CHARITABLE & SCIENTIFIC PURPOSES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $210,711

Other Revenue $0

TOTAL REVENUE $210,711

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,000

Other Expenses $12,838

TOTAL EXPENSES $52,838

Year-over-Year Comparison

	2021	2020	Change
Revenue	$210,711	$152,608	+0.4%
Expenses	$52,838	$172,665	-0.7%
Net Income	$157,873	$-20,057	-8.9%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT HARBISON	CHAIR	1.00	Officer Director	$0	$0	$0
ALAN HOWARTER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BILL MATTHEWS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DON GLENN	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK GRIER	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW THENGVALL	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
2022	$210,711	$52,838	$4,052,090	$157,873
2021	$152,608	$172,665	$4,619,534	$-20,057
2020	$108,488	$196,415	$3,849,219	$-87,927
2019	$129,533	$171,020	$4,022,856	$-41,487

HEARTSPRING FOUNDATION